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designated a Privacy Officer who is accountable for Chart’s compliance with this Privacy Policy and PIPEDA If at any time you have any questions or complaints about this Privacy Policy or your personal information and how it is being used collected or disclosed (including if you wish to request to update or correct any personally identifiable information you have provided) or you wish to withdraw your consent to “Use of Personal Information” Chart Communications Inc.5255 Yonge Street the site lies across Highway 400 to the west of the Vaughan Metropolitan Centre area where several sites have big-box-to-residential intensification proposals in play a similar mixed-use complex that was completed about 6 years ago now that also replaced single-storey commercial The proposal was first submitted to the City of Vaughan in December with no Secondary Plan yet adopted for the Weston-7 area Vaughan Council declined to process the application citing Council’s failure to render a decision within the legislated timeframe Mediation sessions held throughout 2024 failed to bring the developers and the City to a settlement leading to a four-week OLT hearing in early 2025 Despite Vaughan City Council’s recommendation to the OLT to refuse the applications in October the Tribunal issued an interim decision in March The initial 2019 proposal had envisioned four towers rising from 41 to 51 storeys By the time a Site Plan Approval application was filed in early 2024 the tower heights had been revised to a range from 40 to 49 storeys with a slight reduction in total units to 2,003 The latest Official Plan and Zoning By-law Amendment applications call for four towers two each rising above a pari of six-storey podium blocks separated by a landscaped east-west courtyard The northern podium would support 36- and 39-storey towers with the southern podium anchoring the taller 46- and 49-storey towers.  the development is planned to contain 2,339 residential units translating to a Floor Space Index of 10.8 times coverage of the site down from 11.09 in 2019 but up from 9.61 in 2024 Amenity programming includes 8,021m² of indoor and outdoor space A two-level underground garage would span the full site supplemented by parking levels hidden from the street within the podiums with 1,502 spaces for residents and 299 for residential and retail visitors Bicycle facilities entail 1,002 long-term and 6 short-term for residents and 6 long-term and 6 short-term for retail users A Transportation Demand Management (TDM) strategy has been approved in principle The project is being advanced in two phases The Zoning By-law Amendment is subject to Holding (“H”) provisions requiring updates to the Transportation Impact Study and servicing plans at the Site Plan stage to confirm infrastructure capacity Future decisions regarding the neighbouring Home Depot easement and driveway access will be addressed in Phase 2 The site falls within the Protected Major Transit Station Area (PMTSA) centred around the Weston Road and Highway 7 Bus Rapid Transit (BRT) stop located about 250m from the future Viva BRT station the BRT route links to Vaughan Metropolitan Centre (VMC) subway station about 1.5km away Highway 7 also features a separated pedestrian and cycling path while local road widenings will introduce protected sidewalks and bike lanes on Weston and Chrislea Roads A private shuttle between the development and VMC station has also been proposed as part of the TDM strategy.  UrbanToronto will continue to follow progress on this development you can learn more about it from our Database file you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page UrbanToronto has a research service, UTPro, that provides comprehensive data on development projects in the Greater Golden Horseshoe — from proposal through to completion. We also offer Instant Reports, downloadable snapshots based on location, and a daily subscription newsletter, New Development Insider that tracks projects from initial application Nicolas Cage was in attendance as his oldest son Weston Cage Coppola married Jenifer Alexa Canter a model he's known since he was a teenager Weston Cage Coppola got his cinematic ending "I am ineffably honored to announced that I am married to my twin flame just as the creator intended all along," Weston—who has been married three times before—captioned a group of selfies with Jenifer from their wedding posted to Instagram May 2 "I love you @_babyjen_ more than any man has ever loved." "What was meant to be shall forever be and I will always protect you and our incontrovertibly God-given marriage by any means necessary," the 34-year-old continued "This is the greatest miracle of my existence as I see the reason I was born and divinity itself every time I look into your astronomically beautiful eyes Our dreams are God's dreams for the world." the D-Day actor—who has known Jenifer since they were teenagers—called the marriage "the divine and God-given sacred union that I have always desired." "I was born for Jenifer," Weston, who first announced his relationship on Instagram back in November "Being married to her is the most miraculous divine phenomenon I have ever known Jenifer also celebrated their nuptials on social media, sharing photos to her Facebook page that provided an inside look at the celebration including a snap of Nicolas watching the ceremony "Weston is the love of my life," she said in a statement to E "Words cannot express how much he means to me I’ve never seen God put something into motion as quickly as God reunited us after all these years More in love and evermore alike than we knew." The bride wore a strapless wedding dress with a plunging neckline She also posted videos of guests dancing at their reception When Weston—who shares 4-year-old twin daughters Venice and Cyress with ex Hila Cage Coppola with ex Danielle Cage—announced their engagement the actor credited Jenifer with helping him along in his sobriety journey “I am so happy now that my sobriety isn’t even a struggle I can’t imagine returning to the active addiction as I now have all that I have ever wanted Thank God I don’t have to pretend to be happy anymore.” He also shared that they are partners in the film business as well "We have multiple projects in the works," Weston revealed "One of which is a classic mafia style movie which we have both written and we are filming a movie together in April." After news broke of their engagement, Weston's mother—who was seemingly absent from the wedding—expressed her well wishes for her son despite accusing him of assaulting her last year "I hope his mental health is being addressed first and foremost," Christina told TMZ in March however my pain and suffering this past year as his mother will never go away." He was also reportedly ordered to "make restitution with the victim." Keep reading for more stars who have tied the knot in 2025.. The Fantastic Four actor tied the knot with the actress during an intimate beachside ceremony “Mr & Mrs Gruffudd,” the newlyweds captioned their joint Instagram post April 26 alongside a montage of their romantic nuptials Jalen Hurts & Bryonna "Bry" Burrows The Philadelphia Eagles quarterback married the tech executive in early 2025 with Jalen sharing in his April cover story with Men’s Health Amid his 21-year prison sentence, the Tiger King star (real name Joseph Maldonado) married his fellow inmate who changed his moniker to Jorge Flores Maldonado The Twilight alum said yes to loving the screenwriter for a thousand years at an April 20 wedding ceremony held at Los Angeles' Casita Del Campo Mexican restaurant The Big Brother star wed his longtime love in a New York City ceremony April 19 One month after sharing her breast cancer diagnosis, the Bachelor Nation star announced she and the comedian got hitched at a backyard ceremony in New York Joan Rivers' daughter officially tied the knot with the Los Angeles-based attorney in a Wyomming ceremony in March just months after the couple's house burned down in the Los Angeles wildfires “We were going to cancel,” Melissa—who got engaged to Steve in November 2023—told People in an article published March 20 like ‘I just can’t do this.’ And that’s when my friends stepped in and said ‘We are doing this’ because a number of people who are coming lost their homes too ‘Thank God we have this to look forward to.’” as the television host described their special day as "perfect." On March 19, the Lovecraft Country alum confirmed he married the Think Like a Man actress after nearly two years of dating "We finally got to do it," he said on the Sherri The Leftovers alum tied the knot with the the Gilded Age actress in Tulum In March, the Traitors star shared that she and the comedian got married in a private Las Vegas ceremony earlier in the year "It was the best," Gabby told Cosmopolitan in an interview published March 5 it was giving Bachelor because there were roses everywhere I never envisioned my wedding as a kid or anything but that's part of what made this feel so right The Nobody Wants This star tied the knot with the Detention actor at a Los Angeles courthouse on Feb In tow were the couple's baby girl Ellis While accepting the 2025 Grammy award for Best Rock Song the "Broken Man" singer (real name Annie Clark) revealed she got hitched adding that "this record was obviously a labor of love." Maisel actor and the Broadway star tied the knot at a New York ceremony in January according to theater publicist Chelsea Nachman The Olympic swimmer married the pastor at a ceremony in Perth, Australia, on Jan. 10. "The day was everything we dreamed it would be—overflowing with love, joy, and the tangible presence of God," she wrote on Instagram "It felt like heaven touched earth." The former School of Rock costars—who met as kids on the Jack Black movie before reconnecting as adults pursuing careers outside of acting—tied the knot at a Jan Kaley Cuoco officiated her sister's New Year's Eve wedding at the Cathedral of St the Big Bang Theory alum and fiancé Tom Pelphrey's daughter Matilda served as a flower girl Weston was sentenced to a two-year mental health diversion program for the April 2024 assault against Fulton John Shearer/WireImage; Gabriel Olsen/FilmMagic; Robin L Marshall/Getty MILAN -- United States midfielder Weston McKennie is among 13 soccer players being investigated for illegal online betting in Italy A new investigation by Milan prosecutors stems from evidence given by Sandro Tonali and Nicolo Fagioli in 2023 after agreeing to plea bargains that also included therapy for a gambling addiction The duo are also named in the new investigation, along with Fagioli's then-Juventus teammate McKennie and nine other current or former Serie A players, as well as Leeds defender Junior Firpo There is no evidence that the other players ever gambled on soccer matches but their names emerged from depositions given by Tonali and Fagioli and analysis of their devices Weston McKennie joined Juventus in 2021. Giuseppe Maffia/NurPhoto via Getty ImagesThe players are being investigated for using illegal platforms for online poker and betting on other sports As such they do not risk a ban but instead a maximum fine of 250 euros ($284) from Italian authorities Tonali and Fagioli have also been accused of promoting those sites among their teammates and other soccer players Fagioli said in a deposition: "I pointed out to [former Aston Villa forward Nicolò] Zaniolo illegal sites where he could make online bets the organisers of the sites had told me that they would give me some advantages if I brought other bettors." A message about Zaniolo found on Fagioli's phone also said: "Bravo Ryan Mackey WESTON – Cuban-American actor William Levy was arrested Monday in Broward County Leer en español was arrested in Weston by the Broward Sheriff’s Office BSO deputies said they responded to Baires Grill in reference to a disturbance that occurred at the restaurant just after 10 p.m “who was highly intoxicated and causing a disturbance inside the restaurant was given a trespass warning” and ordered not to return by the manager on duty was also given multiple verbal orders to leave the restaurant by deputies but they said he was also ignoring their commands and was eventually placed into custody He was booked into the Broward County Main Jail on charges of disorderly intoxication in a public place He appeared in bond court Tuesday afternoon where a judge granted him a $500 bond He was also ordered to stay away from Baires Grill He remained behind bars until Tuesday afternoon Levy said the initial feud didn’t even involve him “I was having a drink with one of my friends from the team and they started arguing with another guy and I got in front him to try to deescalate the situation and I’m dealing with that,” he said Levy has acted in numerous telenovelas and also starred and appeared in various Hollywood flicks such as “Girls Trip” and Tyler Perry’s “Addicted.” He was also a contestant on ABC’s “Dancing with the Stars” in 2012 The Levy family isn’t a stranger to Local 10 News William Levy’s son, Christopher Levy, also made headlines in October 2020 when the then-14-year-old was injured in a golf cart accident He had been driving the cart when it flipped Employees at Baires Grill declined to comment on William Levy’s arrest Copyright 2025 by WPLG Local10.com - All rights reserved Amanda Batchelor is the Digital Executive Producer for Local10.com Ryan Mackey is a Digital Journalist at WPLG TV Listings Email Newsletters RSS Feeds Closed Captioning / Audio Description Contact Us Careers at WPLG Terms of Use Privacy Policy Public File FCC Applications EEO Report Do Not Sell My Info 1.0 Host Exhibit Copyright © 2025 Local10.com is published by WPLG INC. One person sent to hospital after fire at Brantford home Sportsline: NHL broadcaster Gord Stellick on Maple Leafs-Panthers playoff series Pedestrian sent to hospital after vehicle collision in St. Catharines Ontario to include expanded manufacturing tax credit in upcoming budget Stolen vehicle recovered in Oakville leads to five arrests Doug Ford asks Mark Carney to prioritize ‘nation-building’ Highway 401 tunnel Loblaw and parent company George Weston’s $500-million settlement is set to go before a Toronto court Monday for approval Those who bought packaged bread in Canada between 2001 and 2021 may be a step closer to receiving compensation for being overcharged The deal is set to resolve two class-action lawsuits tied to an alleged bread price-fixing scheme Loblaw and George Weston have agreed to pay $500 million to members of the class action class-action members will give a full release on claims against the companies Lawyers say the agreement would also give plaintiffs access to documents to help continue their case against other retailers A lawyer who represents the plaintiffs says this is the largest price-fixing settlement in Canadian history It’s also one of the largest that doesn’t involve the Government of Canada READ MORE: Loblaw and George Weston settle bread price-fixing lawsuits Emily Vukovic went birding at Urban Nature Store in Ancaster To celebrate Mother’s Day and raise funds for Halton Women’s Place A beautiful and powerful new piece of jewelry has joined Lofttan‘s collection The IG Wealth Management Walk for Alzheimer’s is taking place at the ‘Women of Soul’ is a captivating production that is revitalizing timeless soul CHCH-TV started broadcasting in 1954 and is proud to be the news leader for Hamilton and the surrounding Halton and Niagara regions Copyright © 2025 CHCH. All Rights Reserved. ZWD You will also start receiving the Star's free morning newsletter York South—Weston—Etobicoke 2025 federal election live results. Browse live results for all 343 ridings 192 of 194 polls are reporting as of 4:21 p.m. Follow our full coverage of the 2025 federal election 192 of 194 polls are reporting as of 4:21 p.m. Follow our full coverage of the 2025 federal election is projected to be re-elected in York South—Weston—Etobicoke Hussen has 24,364 of 44,074 votes (55.28%) is in second place with 17,407 votes (39.49%) and Louise James Hussen has represented the riding since 2015 York South—Weston—Etobicoke used to be named York South—Weston The riding’s boundaries were updated for the 2025 federal election 9,382 voters cast ballots at advance polls Looking for another riding? Here are the full results for the 2025 federal election. The Liberals have 169 races called in their favour They have 8,535,128 votes and 43.69 per cent of the popular vote The Conservatives have 144 races called in their favour They have 8,059,938 votes and 41.26 per cent of the popular vote The Bloc Québécois have 22 races called in their favour They have 1,232,095 votes and 6.31 per cent of the popular vote The New Democrats have seven races called in their favour They have 1,231,198 votes and 6.3 per cent of the popular vote The Greens have one race called in their favour They have 243,471 votes and 1.25 per cent of the popular vote There were three independents and four vacancies in the 338-seat Commons the Commons has grown by five ridings starting with this election This article was automatically generated using data provided by Canadian Press and will update as riding results become available Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: Account processing issue - the email address may already exist Invalid password or account does not exist Submitting this form below will send a message to your email with a link to change your password An email message containing instructions on how to reset your password has been sent to the email address listed on your account A 17-year-old male is in hospital with serious injuries and a 15-year-old male was arrested following an early-morning shooting in Toronto’s Weston neighbourhood Authorities were called to the Lawrence Avenue West and Weston Road area at around 12:30 a.m on Tuesday for reports of a shooting inside an apartment building Police said a 17-year-old male was located with gunshot wounds and transported to a hospital with serious injuries Police tell CityNews that the male suspect in custody is 15 years old It’s unclear if the suspect and victim knew each other and the circumstances leading up to the shooting are unknown A Canadian man arrested on vacation has been proven innocent Melissa Nakhavoly with why he is still being held in the Dominican Republic Warmer temperatures but showers are expected on-and-off for the next few days Meteorologist Natasha Ramsahai has your seven-day forecast Ontario Premier Doug Ford calls on Prime Minister Mark Carney to prioritize a list of projects including the proposed Highway 401 tunnel a mentally ill man who was killed in an Ontario prison is calling out the provincial government over the lack of correctional reform listen to NewsRadio Toronto live anytime and get up-to-the-minute breaking-news alerts weather and video from CityNews Toronto anywhere you are – across all Android and iOS devices Breaking news for everyone's consumption is recalling approximately 34,801 cases of its frozen foodservice Lamb Weston Hashbrown Patties across four product lines because of the presence of foreign material specifically plastic pieces ranging from 1mm to 8mm in size The recall was initiated after the firm identified the contamination and it is being conducted with the knowledge of the U.S indicating a low risk of serious health consequences though temporary or reversible effects may occur The recalled products were distributed to Arizona and Hawaii no illnesses or adverse reactions have been reported in connection with this issue Consumers who have purchased the recalled Lamb Weston Hashbrown Patties are urged not to consume them The products should be discarded or returned to the place of purchase The presence of plastic pieces in food products poses risks such as choking Consumers experiencing adverse effects after consuming the product should seek medical attention promptly (To sign up for a free subscription to Food Safety News, click here.) This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Nicolas Cage is unlikely to leave to his son Weston as he navigates a brutal assault accusation filed by his mother, Christina Fulton "The damage he did to his mother is absolutely horrible, no one is denying that but Nic isn't going to turn his back on Weston over it," an insider told In Touch Weston finds himself grappling with serious mental health challenges leading to the alleged attack on Nicholas’ ex-girlfriend during a manic episode on April 28 last year Weston Cage was arrested in July 2024 after allegedly attacking his mother said she was violently attacked while trying to comfort him during what she described as a manic episode But Nic reportedly sees things differently "In his view, his son was sick with a mental illness He knows his boy and says he would never have done this otherwise," the insider shared Fortunately for Weston, a judge has decided against jail time favoring a two-year mental health diversion program instead The California court recognized that "jail wouldn't benefit Weston." Christina Fulton said Weston Cage's outburst occurred during a manic episode "It's obvious he was suffering a breakdown at the time," Los Angeles County Judge Enrique Monguia said Per People, Christina said Weston grabbed her by the hair, shoved her to the floor of an elevator, and pinned her down, leaving her struggling to breathe. A nearby friend saved Christina from the assault. Police arrested Weston in July 2024. He was released on $150,000 bond. Nicolas Cage believes son Weston’s actions stemmed from untreated mental illness. Christina felt satisfied with the ruling, favoring treatment rather than punishment for her son. "I stand here pleading for one thing: that he gets the help he deserves. Please help my son," she said. A source close to the family insists that both Nicolas and Christina are doing their best amidst the chaos. "It's not like they've just ignored this or tried to skate past it. Weston has done intensive in-patient and out-patient treatment and Nic fully believes it's helped reform him," they shared. Nicolas Cage 'needs' to support his son, a source said. "People can judge him all they want but Nic feels his son needs his support now more than ever," the insider continued. "Weston has always idolized Nic. His dad has always been the one that can get through to him even in the worst of times." Link to XLink to InstagramOpt-out of personalized ads A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC Registration on or use of this site constitutes acceptance of our Terms of Service People may receive compensation for some links to products and services Offers may be subject to change without notice Please select what you would like included for printing: Copy the text below and then paste that into your favorite email application Wayne Stephen Weston passed away unexpectedly on March 8 Ontario to Wesley Weston and Helen Black and had a brother Wayne was absolutely thrilled to be a first time grandfather Wayne worked for the film industry for over a quarter of his life and loved every minute of his experiences there This is where he met many of his long-time companions and had the opportunity to work on a long list of television shows and movies that he was very proud of Wayne lived his life through simple pleasures Those who knew him will remember him for how deeply he loved his friends and family His greatest joy came from spending time with his loved ones whether it be hanging with his friends around a bonfire or spending time with his daughters just driving around the city He had a love for long drives in his car (or his motorcycle in his younger years) and found happiness in music; especially the blues When Wayne was interested in a subject he would study that topic until he was an expert and he absolutely loved sharing his full bank of knowledge with others Name a hobby or collectible; Wayne had many He loved cars and going to the local stock car racetrack on the weekends Wayne was an avid outdoorsman and nature lover a Toronto Blue Jays and Hamilton Tiger-Cats fan In lieu of flowers, the family asks those grieving the loss of Wayne to please make a donation in his name to Tree Canada Wayne’s loving memory will live on through shared stories of all his life adventures and the moments we were fortunate enough to share with him A celebration of life will be planned for a later date and details shared accordingly your bright light will forever shine on in our hearts This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply Service map data © OpenStreetMap contributors Toronto police responded to reports of gunfire near Lawrence Avenue West and Weston Road shortly after midnight Officers found a 17-year-old boy inside an apartment building with serious injuries A 17-year-old boy is in hospital after a shooting inside an apartment building Tuesday around midnight in Toronto’s Weston neighbourhood Toronto police responded to reports of gunfire near Lawrence Avenue West and Weston Road at 12:28 a.m Officers found the teen inside the building with serious injuries from a gunshot wound and police told the Star his injuries are not considered life-threatening A 15-year-old boy was taken into custody at the scene No further details have been released and the investigation is ongoing Police have not said whether the two teens knew each other or what may have led to the shooting and a suspect is wanted following a shooting in the Weston neighbourhood on Wednesday night Investigators were called to Weston Road just north of Lawrence Avenue West around 6 p.m after “multiple shots” were reported they found a male in his 20s suffering from gunshot wounds The victim was taken to a trauma centre with serious but non-life-threatening injuries A police spokesperson tells CityNews that the victim was arrested and charged The charges include discharging a firearm with intent possession of a firearm and other related offences “I cannot confirm whether the victim and suspect are known to one another,” police said Authorities are searching for a Black male with a medium to heavy build and short hair who was last seen wearing all-black clothing The roads were reopened following the investigation Twitter feed ©2025 BellMedia All Rights Reserved TORONTO, Nov. 19, 2024 /CNW/ - George Weston Limited (TSX: WN) ("GWL" or the "Company") today announced its consolidated unaudited results for the 16 weeks ended October 5 GWL's 2024 Third Quarter Report has been filed on SEDAR+ and is available at www.sedarplus.ca and in the Investor Centre section of the Company's website at www.weston.ca "George Weston delivered another quarter of positive results driven by the consistent financial performance of our underlying businesses," said Galen G while Choice Properties experienced higher demand for its retail properties and strong leasing spreads in its industrial portfolio." Loblaw Companies Limited ("Loblaw") reported consistent operational and financial performance in the third quarter as it continued to provide value to Canadians across its retail network while maintaining its focus on retail excellence Drug retail sales growth outperformed food retail in the quarter Drug front store sales reflected continued strength in the beauty category but were pressured by Loblaw's exit from certain low margin electronics categories and lower customer spend on convenience items Pharmacy and healthcare services revenue increased due to ongoing strength in acute and chronic prescriptions Food retail stores attracted increased customer visits in the quarter despite Thanksgiving holiday sales shifting into the fourth quarter this year Food sales growth reflected the ongoing strength of Loblaw's Maxi and NoFrills hard discount stores and its growing selection of multicultural foods across its banners anchored by strong performance in the T&T banner Loblaw continued to invest in its network of stores including opening 25 new hard discount stores and piloting two new ultra-discount no name® stores Choice Properties Real Estate Investment Trust ("Choice Properties") delivered strong operational and financial results in the third quarter driven by increasing demand from retail tenants for its necessity-based neighbourhood centres and strong leasing spreads in its industrial portfolio Choice Properties continues to leverage its size and financial strength with $172 million of real estate transactions and over $125 million of financings completed in the third quarter further improving the quality of its market leading portfolio and the strength of its balance sheet The Company operates through its two reportable operating segments: Loblaw and Choice Properties each of which are publicly traded entities the Company's financial statements reflect and are impacted by the consolidation of Loblaw and Choice Properties The consolidation of these entities into the Company's financial statements reflect the impact of eliminations intersegment adjustments and other consolidation adjustments which can positively or negatively impact the Company's consolidated results cash and short-term investments and other investments held by the Company and all other company level activities that are not allocated to the reportable operating segments corporate activities and administrative costs are included in GWL Corporate To help our investors and stakeholders understand the Company's financial statements and the effect of consolidation the Company reports its results in a manner that differentiates between the Loblaw segment the effect of consolidation of Loblaw and Choice Properties The Company's results reflect the year-over-year impact of the fair value adjustment of the Trust Unit liability as a result of the significant changes in Choice Properties' unit price recorded in net interest expense and other financing charges The Company's results are impacted by market price fluctuations of Choice Properties' Trust Units on the basis that the Trust Units held by unitholders are redeemable for cash at the option of the holder and are presented as a liability on the Company's consolidated balance sheet The Company's financial results are negatively impacted when the Trust Unit price increases and positively impacted when the Trust Unit price declines ($ millions except where otherwise indicated) $           18,685 $           18,407 $                278 $             1,618 $             1,231 $                387 $             2,067 $             1,924 $                143 $             2,165 $             2,027 $                138 $             2,158 $             2,019 $                139 Net earnings attributable to shareholders of the Company $                  29 $                624 $               (595) $                409 $                329 $                  80 $                  37 $                623 $               (586) Net earnings available to common shareholders of the Company $                  15 $                610 Diluted net earnings per common share ($) $               0.08 $               4.41 $              (4.33) $                405 $                381 $                  24 $                 516 $                497 $                  19 Adjusted net earnings available to common shareholders of the Company(1) $                476 $                466 $                  10 Adjusted diluted net earnings per common share(1) ($) $               3.57 $               3.36 $               0.21 Net earnings available to common shareholders of the Company in the third quarter of 2024 were $15 million ($0.08 per common share) a decrease of $595 million ($4.33 per common share) compared to the same period in 2023 The decrease was due to the unfavourable year-over-year net impact of adjusting items totaling $605 million ($4.54 per common share) partially offset by an improvement of $10 million ($0.21 per common share) in the consolidated underlying operating performance of the Company The unfavourable year-over-year net impact of adjusting items totaling $605 million ($4.54 per common share) was primarily due to:        partially offset by Adjusted net earnings available to common shareholders of the Company(1) in the third quarter of 2024 were $476 million The increase was driven by the favourable year-over-year impact of $19 million from the contribution of the publicly traded operating companies partially offset by the unfavourable year-over-year impact of $9 million at GWL Corporate due to an increase in income tax expense as a result of GWL's participation in Loblaw's Normal Course Issuer Bid ("NCIB") program and the impact of other non-deductible items and an increase in adjusted net interest expense and other financing charges(1) Adjusted diluted net earnings per common share(1) were $3.57 in the third quarter of 2024 compared to the same period in 2023. The increase was due to the performance in adjusted net earnings available to common shareholders(1) as described above and the favourable impact of shares purchased for cancellation over the last 12 months ($0.13 per common share) pursuant to the Company's NCIB program GWL CORPORATE FINANCING ACTIVITIES  The Company completed the following select GWL Corporate financing activities: NCIB – Purchased and Cancelled Shares  In the third quarter of 2024 the Company purchased and cancelled 1.3 million common shares (2023 – 2.4 million common shares) for aggregate consideration of $284 million (2023 – $364 million) under its NCIB the Company had 130.8 million common shares issued and outstanding the Company entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate the repurchase of the Company's common shares under its NCIB the Company's broker may purchase common shares at times when the Company would not be active in the market "Share Capital" of the Company's third quarter 2024 unaudited interim period condensed consolidated financial statements for more information Participation in Loblaw's NCIB  The Company participates in Loblaw's NCIB in order to maintain its proportionate percentage ownership interest Loblaw repurchased 1.1 million common shares (2023 – 1.5 million common shares) from the Company for aggregate consideration of $193 million (2023 – $171 million) Debenture Repayment and Issuance  On June 17 the $200 million aggregated principal amount of the 4.12% senior unsecured notes outstanding the Company completed an issuance of $250 million aggregate principal amount of senior unsecured notes bearing interest at 4.19% per annum and with a maturity date of September 5 The following table provides key performance metrics for the Company by segment Net interest expense (income) and other financing charges Adjusted net interest expense and other financing charges(1) Net earnings attributable to non-controlling interests Prescribed dividends on preferred shares in share capital Net earnings (loss) available to common shareholders of the Company $        15 Adjusted net earnings available to common shareholders of the Company(1) Effect of consolidation includes the following items: Adjusted Net EarningsAvailable to Common Shareholders(1) Adjusted Net Earnings Available to Common Shareholders(1) Elimination of intercompany rental revenue $          — $             47 $             29 Elimination of internal lease arrangements Elimination of intersegment real estate transactions Recognition of depreciation on Choice Properties'    investment properties classified as fixed assets    by the Company and measured at cost Fair value adjustment on investment properties Unit distributions on Exchangeable Units paid by    Choice Properties to GWL Unit distributions on Trust Units paid by Choice Properties    excluding amounts paid to GWL Fair value adjustment on Choice Properties'    Exchangeable Units Fair value adjustment of the Trust Unit liability Tax expense on Choice Properties related earnings $               9 $          73 $             14 Loblaw has two reportable operating segments, retail and financial services Loblaw's retail segment consists primarily of food retail and drug retail general merchandise and financial services ($ millions except where otherwise indicated) $           273 $           256 $           143 $           880 $             23 Revenue  Loblaw revenue in the third quarter of 2024 was $18,538 million driven by an increase in retail sales and in financial services revenue The increase was primarily driven by the following factors:                   partially offset by Financial services revenue was $382 million an increase of $3 million, or 0.8% primarily driven by higher interchange and credit card fee income partially offset by lower sales attributable to The Mobile Shop Operating Income  Loblaw operating income in the third quarter of 2024 was $1,319 million The increase included the recovery of $155 million related to a PC Bank commodity tax matter Adjusted EBITDA(1)  Loblaw adjusted EBITDA(1) in the third quarter of 2024 was $2,067 million driven by an increase in retail of $130 million and an increase in financial services of $13 million Retail adjusted EBITDA(1) increased by $130 million compared to the same period in 2023 driven by an increase in retail gross profit of $140 million partially offset by an increase in retail selling general and administrative expenses ("SG&A") of $10 million Financial services adjusted EBITDA(1) increased by $13 million compared to the same period in 2023 primarily driven by lower customer acquisition expenses and operating costs including the ongoing benefits associated with the renewal of a long-term agreement with Mastercard partially offset by higher contractual charge-offs and higher loyalty program costs Depreciation and Amortization  Loblaw depreciation and amortization in the third quarter of 2024 was $903 million an increase of $23 million compared to the same period in 2023 primarily driven by an increase in depreciation of information technology ("IT") assets and leased assets and an increase in depreciation of fixed assets related to conversions of retail locations Depreciation and amortization in the third quarter of 2024 included $155 million (2023 – $154 million) of amortization of intangible assets related to the acquisitions of Shoppers Drug Mart Corporation ("Shoppers Drug Mart") and Lifemark Health Group ("Lifemark") PC Bank Commodity Tax Matter  In July 2022 the Tax Court of Canada ("Tax Court") released a decision relating to PC Bank The Tax Court ruled that PC Bank is not entitled to claim notional input tax credits for certain payments it made to Loblaws Inc in respect of redemptions of loyalty points PC Bank subsequently filed a Notice of Appeal with the Federal Court of Appeal ("FCA") and in March 2024 the FCA released its decision and reversed the decision of the Tax Court including $111 million initially recorded in the second quarter of 2022 $10 million was recorded related to interest income on cash tax refunds manages and develops a high-quality portfolio of commercial and residential properties across Canada $              340 $                   325 $                    15 $           1,039 $                  (221) $               1,260 $             (663) $                   435 $              (1,098) $              187 $                   181 $                      6 Revenue  Choice Properties revenue in the third quarter of 2024 was $340 million compared to the same period in 2023 and included revenue of $196 million (2023 – $186 million) generated from tenants within Loblaw The increase in revenue in the third quarter of 2024 was primarily driven by: Net Interest Expense (Income) and Other Financing Charges  Choice Properties net interest expense and other financing charges in the third quarter of 2024 were $1,039 million compared to net interest income and other financing charges of $221 million in the same period in 2023 The change of $1,260 million was primarily driven by the unfavourable year-over-year change in the fair value adjustment on the Class B LP units ("Exchangeable Units") of $1,258 million, as a result of the increase in the unit price in the quarter Net (Loss) Income  Choice Properties recorded a net loss of $663 million in the third quarter of 2024 compared to net income of $435 million in the same period in 2023 The unfavourable change of $1,098 million was primarily driven by: Funds from Operations(1)  Funds from Operations(1) in the third quarter of 2024 were $187 million an increase of $6 million compared to the same period in 2023 The increase was primarily due to an increase in rental income partially offset by higher general and administrative expenses including certain non-recurring items an increase in interest expense net of an increase in interest income The Company continues to expect adjusted net earnings(1) to increase due to the results from its operating segments and to use excess cash to repurchase shares.  Loblaw  Loblaw will continue to execute on retail excellence while advancing its growth initiatives with the goal of delivering consistent operational and financial results in 2024 Loblaw's businesses remain well positioned to meet the everyday needs of Canadians Based on its year-to-date operating and financial performance and momentum exiting the third quarter Loblaw is slightly increasing its guidance for full year adjusted net earnings per common share(1) growth from high single-digits into the low double-digits based on the year-to-date investments in its store network and distribution centres Loblaw now expects to invest a net amount of $1.9 billion in capital expenditures (previously $1.8 billion) which reflects gross capital investments of approximately $2.3 billion (previously $2.2 billion) net of approximately $400 million of proceeds from property disposals Choice Properties  Choice Properties is focused on capital preservation delivering stable and growing cash flows and net asset value appreciation Its high-quality portfolio is primarily leased to necessity-based tenants and logistics providers who are less sensitive to economic volatility and therefore provide stability to its overall portfolio Choice Properties continues to experience positive leasing momentum across its portfolio and has successfully completed the majority of its 2024 lease renewals Choice Properties also continues to advance its development program with a focus on commercial developments in the near term which provides the best opportunity to add high-quality real estate to its portfolio at a reasonable cost and drive net asset value appreciation over time.  Choice Properties is confident that its business model strong balance sheet and disciplined approach to financial management will continue to position the business well for future success Choice Properties will continue to focus on its core business of essential retail and industrial its growing residential platform and its robust development pipeline This News Release contains forward-looking statements about the Company's objectives opportunities and legal and regulatory matters Specific forward-looking statements in this News Release include statements with respect to the Company's anticipated future results regulatory changes including further healthcare reform and the status and impact of IT systems implementations These specific forward-looking statements are contained throughout this News Release including in the "Outlook" section of this News Release Forward-looking statements are typically identified by words such as "expect" as they relate to the Company and its management Forward-looking statements reflect the Company's estimates which are based on management's perception of historical trends current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances beliefs and assumptions are inherently subject to significant business competitive and other uncertainties and contingencies regarding future events and The Company can give no assurance that such estimates beliefs and assumptions will prove to be correct.  Numerous risks and uncertainties could cause the Company's actual results to differ materially from those expressed implied or projected in the forward-looking statements including those described in the "Enterprise Risks and Risk Management" sections of the Management's Discussion and Analysis in the Company's 2023 Annual Report and the Company's Annual Information Form for the year ended December 31 Readers are cautioned not to place undue reliance on these forward-looking statements which reflect the Company's expectations only as of the date of this News Release the Company does not undertake to update or revise any forward-looking statements Subsequent to the end of the third quarter of 2024 the Company's Board of Directors declared a quarterly dividend on GWL Common Shares The Company's 2023 Annual Report and 2024 Third Quarter Report are available in the Investor Centre section of the Company's website at www.weston.ca and have been filed on SEDAR+ and are available at www.sedarplus.ca Shareholders, security analysts and investment professionals should direct their requests to Roy MacDonald, Group Vice-President, Investor Relations, at the Company's Executive Office or by e-mail at [email protected] See the "Non-GAAP and Other Financial Measures" section in Appendix 1 of this News Release which includes the reconciliation of such non-GAAP and other financial measures to the most directly comparable GAAP measures This News Release contains forward-looking information See "Forward-Looking Statements" section of this News Release and the Company's 2023 Annual Report for a discussion of material factors that could cause actual results to differ materially from the forecasts and projections herein and of the material factors and assumptions that were used when making these statements This News Release should be read in conjunction with GWL's filings with securities regulators made from time to time all of which can be found at www.weston.ca and www.sedarplus.ca For more information on Choice Properties measures see the 2023 Annual Report filed by Choice Properties which is available on www.sedarplus.ca or at www.choicereit.ca APPENDIX 1:  NON-GAAP AND OTHER FINANCIAL MEASURES The Company uses non-GAAP and other financial measures and ratios as it believes these measures and ratios provide useful information to both management and investors with regard to accurately assessing the Company's financial performance and financial condition Management uses these and other non-GAAP and other financial measures to exclude the impact of certain expenses and income that must be recognized under GAAP when analyzing underlying consolidated and segment operating performance as the excluded items are not necessarily reflective of the Company's underlying operating performance and make comparisons of underlying financial performance between periods difficult The Company adjusts for these items if it believes doing so would result in a more effective analysis of underlying operating performance The exclusion of certain items does not imply that they are non-recurring These measures do not have a standardized meaning prescribed by GAAP and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to other financial measures determined in accordance with GAAP ADJUSTED EBITDA  The Company believes adjusted EBITDA is useful in assessing and making decisions regarding the underlying operating performance of the Company's ongoing operations and in assessing the Company's ability to generate cash flows to fund its cash requirements The following table reconciles adjusted EBITDA to operating income which is reconciled to GAAP net earnings attributable to shareholders of the Company reported for the periods ended as indicated.  Net earnings attributable to shareholders of the Company $               29 $           624 Net interest expense and other financing charges $          (69) $             (8) $          1,618 $        214 $           (37) $              (9) Amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark $        155 $            — $             — $             155 $           154 Recovery related to PC Bank commodity tax matter Fair value adjustment of investment in real estate securities $           48 $              (92) $            25 $           179 $           (12) $             (9) Depreciation and amortization excluding the impact of the above adjustment(i) $        (139) $             (7) $             (8) Depreciation and amortization for the calculation of adjusted EBITDA excludes amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark The following items impacted adjusted EBITDA in 2024 and 2023: Amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark  The acquisition of Shoppers Drug Mart in 2014 included approximately $6 billion of definite life intangible assets which are being amortized over their estimated useful lives Annual amortization associated with the acquired intangible assets will be approximately $500 million until 2024 and will decrease thereafter The acquisition of Lifemark in 2022 included approximately $299 million of definite life intangible assets which are being amortized over their estimated useful lives Recovery related to PC Bank commodity tax matter  In July 2022 the Tax Court released a decision relating to PC Bank PC Bank subsequently filed a Notice of Appeal with the FCA and in March 2024 Fair value adjustment of investment in real estate securities  Choice Properties received Allied Class B Units as part of the consideration for the Choice Properties disposition of six office assets to Allied in 2022 Choice Properties recognized these units as investments in real estate securities The investment in real estate securities is exposed to market price fluctuations of Allied trust units An increase (decrease) in the market price of Allied trust units results in income (a charge) to operating income Fair value adjustment on investment properties  The Company measures investment properties at fair value investment properties are initially measured at cost and subsequently measured at fair value Fair value is determined based on available market evidence If market evidence is not readily available in less active markets the Company uses alternative valuation methods such as discounted cash flow projections or recent transaction prices Gains and losses on fair value are recognized in operating income in the period in which they are incurred Gains and losses from disposal of investment properties are determined by comparing the fair value of disposal proceeds and the carrying amount and are recognized in operating income Gain on sale of non-operating properties  In the third quarter of 2024 Loblaw did not record any gain or loss related to the sale of non-operating properties (2023 – gain of $13 million) Choice Properties disposed of a property and incurred a loss which was recognized in fair value adjustment on investment properties the Company recorded the property as fixed assets which was recognized at cost less accumulated depreciation an incremental gain of $2 million was recognized in operating income Fair value adjustment of derivatives  Loblaw is exposed to commodity price and U.S In accordance with Loblaw's commodity risk management policy Loblaw enters into exchange traded futures contracts and forward contracts to minimize cost volatility relating to fuel prices and the U.S These derivatives are not acquired for trading or speculative purposes Pursuant to Loblaw's derivative instruments accounting policy changes in the fair value of these instruments which include realized and unrealized gains and losses Despite the impact of accounting for these commodity and foreign currency derivatives on Loblaw's reported results the derivatives have the economic impact of largely mitigating the associated risks arising from price and exchange rate fluctuations in the underlying commodities and U.S ADJUSTED NET INTEREST EXPENSE AND OTHER FINANCING CHARGES  The Company believes adjusted net interest expense and other financing charges is useful in assessing the ongoing net financing costs of the Company.  The following table reconciles adjusted net interest expense and other financing charges to GAAP net interest expense and other financing charges reported for the periods ended as indicated Net interest expense and other financing charges $                875 $                   85 Adjusted net interest expense and other financing charges $                 317 $                304 The following items impacted adjusted net interest expense and other financing charges in 2024 and 2023: Recovery related to PC Bank commodity tax matter  In the third quarter of 2024 $10 million was recorded related to interest income on cash tax refunds on the PC Bank commodity tax matter discussed above Fair value adjustment of the Trust Unit liability  The Company is exposed to market price fluctuations as a result of the Choice Properties Trust Units held by unitholders other than the Company These Trust Units are presented as a liability on the Company's consolidated balance sheets as they are redeemable for cash at the option of the holder This liability is recorded at fair value at each reporting date based on the market price of Trust Units at the end of each period. An increase (decrease) in the market price of Trust Units results in a charge (income) to net interest expense and other financing charges ADJUSTED INCOME TAXES AND ADJUSTED EFFECTIVE TAX RATE  The Company believes the adjusted effective tax rate applicable to adjusted earnings before taxes is useful in assessing the underlying operating performance of its business.  The following table reconciles the effective tax rate applicable to adjusted earnings before taxes to the GAAP effective tax rate applicable to earnings before taxes as reported for the periods ended as indicated $             1,526 $               1,410 Adjusted net interest expense and other financing charges(i) $             1,209 $               1,106 $                303 $                  202 Tax impact of items excluded from adjusted earnings before taxes(ii) Outside basis difference in certain Loblaw shares $                 314 $                  260 Effective tax rate applicable to earnings before taxes Adjusted effective tax rate applicable to adjusted earnings before taxes See reconciliations of adjusted operating income and adjusted net interest expense and other financing charges above.  See the adjusted EBITDA table and the adjusted net interest expense and other financing charges table above for a complete list of items excluded from adjusted earnings before taxes In addition to certain items described in the "Adjusted EBITDA" and "Adjusted Net Interest Expense and Other Financing Charges" sections above the following item impacted adjusted income taxes and the adjusted effective tax rate in 2024 and 2023: Outside basis difference in certain Loblaw shares  The Company recorded a deferred tax recovery of $18 million in the third quarter of 2024 (2023 – $18 million) on temporary differences in respect of GWL's investment in certain Loblaw shares that are expected to reverse in the foreseeable future as a result of GWL's participation in Loblaw's NCIB ADJUSTED NET EARNINGS AVAILABLE TO COMMON SHAREHOLDERS AND ADJUSTED DILUTED NET EARNINGS PER COMMON SHARE  The Company believes that adjusted net earnings available to common shareholders and adjusted diluted net earnings per common share are useful in assessing the Company's underlying operating performance and in making decisions regarding the ongoing operations of its business The following table reconciles adjusted net earnings available to common shareholders of the Company and adjusted net earnings attributable to shareholders of the Company to net earnings attributable to shareholders of the Company and then to net earnings available to common shareholders of the Company reported for the periods ended as indicated $                   29 Less:  Prescribed dividends on preferred shares in share capital Net earnings available to common shareholders of the Company $                   15 Less:  Reduction in net earnings due to dilution at Loblaw Net earnings available to common shareholders for diluted earnings per share $                   11 $                606 Net earnings attributable to shareholders of the Company Adjusting items (refer to the following table) Adjusted net earnings attributable to shareholders of the Company $                 490 $                480 Adjusted net earnings available to common shareholders of the Company $                 476 $                466 Adjusted net earnings available to common shareholders for diluted earnings per share $                 472 $                462 Diluted weighted average common shares outstanding (in millions) The following table reconciles adjusted net earnings available to common shareholders of the Company and adjusted diluted net earnings per common share to GAAP net earnings available to common shareholders of the Company and diluted net earnings per common share as reported for the periods ended as indicated Net Earnings Available to Common Shareholders of the Company Net Earnings Available to Common Shareholders of the Company DilutedNetEarningsPerCommon Share ($) $        409 $         (22) $         329 $         435 $         (141) $           (13) $        610 $       4.41 $           — $         62 $           60 $          60 $       0.43 Fair value adjustment on Choice Properties' Exchangeable Units $           (4) $        765 $           52 $       (333) $          155 $          (18) $            9 $        (40) $            14 Net of income taxes and non-controlling interests GWL CORPORATE FREE CASH FLOW  GWL Corporate free cash flow is generated from dividends received from Loblaw distributions received from Choice Properties and proceeds from participation in Loblaw's NCIB $                164 $                 148 GWL Corporate cash flow from operating businesses $                277 $                 232 Proceeds from participation in Loblaw's NCIB $                190 $                 171 $                422 $                 319 and other costs includes all other company level activities that are not allocated to the reportable operating segments such as net interest expense administrative costs and changes in non-cash working capital Also included are preferred share dividends CHOICE PROPERTIES' FUNDS FROM OPERATIONS  Choice Properties considers Funds from Operations to be a useful measure of operating performance as it adjusts for items included in net income that do not arise from operating activities or do not necessarily provide an accurate depiction of its performance Funds from Operations is calculated in accordance with the Real Property Association of Canada's Funds from Operations & Adjusted Funds from Operations for International Financial Reporting Standards issued in January 2022 The following table reconciles Choice Properties' Funds from Operations to net income for the periods ended as indicated.  $               (663) $                 435 Adjustment to fair value of unit-based compensation Fair value adjustment on Exchangeable Units Fair value adjustment on investment properties to proportionate share Capitalized interest on equity accounted joint ventures $                187 $                  181 For further information: Mr. Roy MacDonald, Group Vice President, Investor Relations, at the Company's Executive Office or by e-mail at [email protected] George Weston Limited is a Canadian public company founded in 1882 The Company operates through its two reportable operating segments Loblaw Companies Limited and Choice Properties Real Estate Investment Trust Do not sell or share my personal information: TORONTO, March 21, 2025 /CNW/ - (TSX: WN) – George Weston Limited ("Weston") announced today that it has entered into an automatic share purchase plan ("ASPP") with a broker in order to facilitate repurchases of Weston's common shares ("Common Shares") under its previously announced normal course issuer bid ("NCIB").  Weston previously announced that it had received approval from the Toronto Stock Exchange ("TSX") to during the 12-month period commencing May 27 2025 purchase up to 6,646,057 Common Shares representing approximately 5% of the 132,921,158 Common Shares issued and outstanding as of May 13 by way of a NCIB on the TSX or through alternative trading systems or by such other means as may be permitted under applicable law During the effective period of Weston's ASPP Weston's broker may purchase Common Shares at times when Weston would not be active in the market due to insider trading rules and its own internal trading blackout periods Purchases will be made by Weston's broker based upon parameters set by Weston when it is not in possession of any material non-public information about itself and its securities and in accordance with the terms of the ASPP Outside of the effective period of the ASPP Common Shares may continue to be purchased in accordance with Weston's discretion The ASPP has been entered into in accordance with the requirements of applicable Canadian securities laws financial services and wireless mobile products and services For further information: Mr. Roy MacDonald, Group Vice President, Investor Relations at the Company's Executive Office or by e-mail at [email protected] Company NewsGeorge Weston reports $664M Q4 profit compared with a loss a year earlierBy The Canadian PressPublished: February 26, 2025 at 8:55AM EST TORONTO — George Weston Ltd. reported a profit in its fourth quarter compared with a loss a year ago. The company, which is the controlling unitholder of Choice Properties Real Estate Investment Trust and the controlling shareholder of Loblaw Companies Ltd., says it earned a profit attributable to common shareholders of $664 million or $5.05 per diluted share for the three months ended Dec. 31. The company says the result compared with a loss of $38 million or 30 cents per diluted share in the last three months of 2023. On an adjusted basis, George Weston says it earned $3.15 per diluted share in its latest quarter compared with an adjusted profit of $2.51 per diluted share a year ago. Revenue for the quarter totalled $15.1 billion, up from $14.7 billion a year earlier. Chairman and chief executive Galen Weston says the results were driven by the consistent and positive performance of its operating businesses. “Loblaw’s focus on retail excellence provided unmatched quality and value to Canadians, and Choice Properties' necessity-based portfolio generated stable and growing cash flows,” Weston said in statement. “Our businesses are well-positioned to deliver on their strategy and financial objectives in 2025.” This report by The Canadian Press was first published Feb. 26, 2025. thanks to the Hilary and Galen Weston Foundation Jan 30 2025Huriet Jepleting and Faith Awino are the recipients of the Hilary Weston KenSAP Award the University of Toronto welcomes students from all over the world Joining this year’s globe spanning cohort are two Kenyan students: Huriet Jepleting and Faith Awino Both are studying at St. Michael’s College thanks to the generous support of the Hilary and Galen Weston Foundation “The Hilary and Galen Weston Foundation believes in creating opportunities for people that will empower them to lead fulfilling lives and make positive contributions to society,” says Amy Buskirk “We are honoured to support these bright and spirited young women in their educational journeys at U of T We hope this will be a life-changing opportunity that will allow them to discover what they are capable of and how they can give back to their communities through their newfound skills and knowledge.” Jepleting and Awino joined U of T through the Hilary Weston KenSAP Awards program low-income Kenyan high school graduates gain admission to the most selective colleges and universities across North America Its 15-week residential training program helps students prepare and submit strong university applications “The Hilary Weston KenSAP Award has given me the necessary financial support to study at a prestigious university exposing me to a wide range of opportunities,” says Awino who is considering a major in computer science “Studying at U of T means having access to world-class resources that will be significant in my experiential learning and overall success.” attending a prestigious institution like the University of Toronto is a dream come true and for Jepleting – who plans to major in economics and international relations – the experience has been nothing short of transformative It is an opportunity to access education at a world-class university Knowing I was considered worthy to receive the award is something I am grateful for and it encourages me to work hard and use every opportunity availed to me.” Generous support like this helps create pathways for individuals facing barriers to attending university expand financial aid and build inclusive spaces It also engages the university’s international network of multidisciplinary scholars in world-leading research and teaching on race disability and equitable city-building to drive social change “My time at U of T is pushing me to grow and adjust The people I have interacted with have broadened my perspective and inspired me to strive to excel,” says Awino “With this scholarship I am able to study without having to worry about the cost of education.” This support aligns closely with U of T’s goal to build inclusive cities and societies as part of the university’s Defy Gravity campaign Toronto is one of the world’s most diverse cities providing a rare opportunity to develop and share best practices to promote equity diversity and inclusivity around the world “I am thrilled to welcome Faith and Huriet into the Arts & Science community. Our faculty is made richer by having these brilliant students studying here,” says Antoinette Handley, acting dean of Arts & Science and professor in the Department of Political Science “Generous support like this from the Hilary and Galen Weston Foundation is crucial to attracting the brightest minds from around the world and supporting them as they pursue their education at the University of Toronto I look forward to seeing their incredible accomplishments By Coby Zucker Help U of T address today’s most pressing issues—here and around the world. Canadian Charitable Registration #108162330-RR0001 Queen’s Park North is a potential jewel in the city’s park system The 15-foot bronze statue of King Edward VII Runners can often be found on the track surrounding Queen’s Park North The Weston family approached the city last year with a 'commitment for park design community engagement and construction' of the downtown park covering all capital costs for the upgrade The Weston family approached the city last year with a “commitment for park design community engagement and construction” of the downtown park A Canadian business dynasty wants to give city hall a multimillion-dollar donation to upgrade one of downtown’s largest public green spaces Mayor Olivia Chow wants the municipality to accept the pledge under a negotiated agreement. The Weston family approached the city last year with a roughly $50-million capital “commitment” to renovate Queen’s Park North, a city-leased park owned by the University of Toronto, reads Chow’s motion published Friday This would be on top of additional money it’s offering to fund maintenance and programming “As our city continues to grow and evolve, the park has unrealized potential and city staff have been approached with an opportunity to unlock it,” said Chow’s motion, which is going to next week’s city council meeting for approval It’s not clear right now which of the Westons’ various foundations all of the money will be coming from the capital costs will be all covered by the Westons The Westons have “a long-standing history of and passion for supporting city-building initiatives and Garrison Common,” said an emailed statement from the family when asked why they approached the city “This support reflects the family’s strong belief in the important role that parks and public spaces play in shaping stronger more vibrant communities,” the statement continued Home to the 15-foot bronze equestrian statue of King Edward VII Queen’s Park North is a core piece of the downtown park system just north of Wellesley Street West right behind the provincial legislative building It was declared in 1860 as Canada’s first municipal park by Edward VII and named Queen’s Park in honour of Queen Victoria The large green area has one fountain a few picnic tables and some small plazas at a few of its walkway entrances along Queens Park Crescent It’s also home to some of Toronto’s most mature trees including the city’s largest oak trees and a couple of endangered butternut trees whose University-Rosedale ward is home to Queen’s Park North That’s despite being surrounded by the Gardiner Museum The Royal Conservatory of Music and U of T’s federated colleges each of which has “expertise and programs that we can bring together to make this much more of an exciting place as opposed to just a place to walk through,” Saxe said the city finished a partial facelift with new entrances a new entrance to the TTC’s Museum Subway Station opened in the park But Chow’s motion says the park has yet to reach its full potential Some ideas Saxe brainstormed in an interview included a skating rink more public seating and a sculpture garden There’s no place there to have even a small concert,” Saxe said If council accepts the multimillion-dollar pledge and municipal staff enter into negotiations with the Weston foundations public consultations will start this spring the park’s new design and the terms of the agreement with the Westons would be ready by this fall for council to review so construction can start next year Any work done to revamp Queen’s Park North also needs the approval of the University of Toronto Saxe said she has “no doubt” the public interest will be front and centre of the city’s work The Weston family controls the grocery giant Loblaws, which has been a lightning rod for consumer anger since the pandemic “This is not going to be advertising for Loblaws,” Saxe said “We need to bring private money in because we don’t have enough public money to do it ourselves.” A city spokesperson said the park’s new lease on life will also provide opportunities for Indigenous placekeeping and access to amenities such as food year-round washrooms and areas to relax while protecting the existing tree canopy “Because we don’t have enough public spaces we have to make better use of the space we do have,” Saxe said The city is also looking to establish a non-profit group to manage the park and prevent its disrepair “We have a real history in Toronto of building beautiful things and not being able to look after them,” Saxe said The green space at Queen’s Park North is owned by the University of Toronto and is leased by the city A previous version of this story stated the park was owned by the city As policy on the matter has evolved and gained momentum, Toronto has become synonymous with transit-oriented development. And the emphasis makes sense; Toronto recently topped the charts for population growth beating out every other city in Canada and the US and building up near transit is one way to meet growing housing demand (while making use of existing infrastructure and without worsening urban sprawl) This is the central argument behind a revised proposal from Oldstonehenge Development Corporation, which seeks to bring 43-storey residential tower to 1705 Weston Road in lieu of a 24-storey building that was approved for the site in June 2021 The site in Weston Village is just 80 metres — a mere one-minute walk — from the south entrance of the Weston stations of the GO and UP Express In addition to upping the storey-count by 19 floors Oldstonehenge is proposing 549 new residential units and that figure contemplates 15 rental replacements and more than a 30% allocation of two- and three-bedroom units the site is approved for 254 residential units A planning report prepared by Bousfields in support of the proposal points out that since the site was approved for 24 storeys in 2021 “both the policy and built form context have evolved,” and there’s been a push for more housing in locations well-served by transit “The subject site has been identified within the Council-adopted boundaries of the Weston Major Transit Station Area and where intensification should be prioritized; and both the Province and the City have identified specific housing targets in response to a greater need for housing with the City committing to creating 285,000 new housing units by the year 2031,” the report says recent approvals in the Weston Village area are reflective of a greater scale of intensification with heights of up to 50 storeys now approved.” The planning report further specifies a building height of 149 metres (to the top of the mechanical penthouse) The ground floor is set to include two residential lobbies one with access from Weston Road and one with access from Victoria Avenue East the development is poised to include a total of 2,792 sq m to be located outdoors (on the third and seventh floors) “The design of the amenity areas will be refined through the Site Plan Approval process with the intent to include functional and flexible design features that can support the needs of children and their families including the outdoor play area,” the planning report says 86 vehicle parking spaces (55 for residents and 31 for visitors) and 615 bicycle parking spaces (495 long-term and 120 short-term) are now planned The design of the proposed tower is courtesy of Graziani + Corazza Architects and renderings from the firm show a six-storey base that’s “rhomboid shaped and angled to the west following both the Weston Road and Victoria Avenue East frontages.” The south facade of the base is shown with inset balconies from floors 4 through 6 while levels 36 to 43 are sculpted by chamfering the northwest and southeast corners of the tower thereby reducing the size of the upper tower floor plate and narrowing the width of the shadow cast towards the northeast.” The east and west facades of the tower are set to have staggered balconies BusinessLoblaw, George Weston settle bread price-fixing class-action lawsuitsBy The Canadian PressUpdated: March 11, 2025 at 4:37PM EDT TORONTO, ON, Feb. 26, 2025 /CNW/ - George Weston Limited (TSX: WN) ("GWL" or the "Company") today announced its consolidated unaudited results for the 12 weeks ended December 31 "George Weston Limited delivered another quarter of strong financial results driven by the consistent and positive performance of our operating businesses," said Galen G "Loblaw's focus on retail excellence provided unmatched quality and value to Canadians and Choice Properties' necessity-based portfolio generated stable and growing cash flows Our businesses are well-positioned to deliver on their strategy and financial objectives in 2025." Loblaw Companies Limited ("Loblaw") maintained its focus on retail excellence and produced another quarter of strong operational and financial results Customers continued to seek a combination of quality and recognized the strength of Loblaw's offer across its store network Growing customer engagement of personalized PC Optimum™ loyalty offers combined with impactful in-store promotions and more everyday value drove higher traffic and strong market share gains in food retail pharmacy and healthcare services continued to perform well Front store sales reflected growth across the beauty categories this was offset by the impact from the exit from the sale of certain items in the electronics category opening 52 new drug and food retail stores Loblaw plans to further invest in its network by opening approximately 80 new food and drug stores with the opening of its first T&T® Supermarket in the United States in the fourth quarter of 2024 and dedicated colleagues position it well to continue to serve the diverse needs of Canadians today and in the future Choice Properties Real Estate Investment Trust ("Choice Properties") achieved another quarter and year of strong operational and financial results delivering on its financial outlook and strategic priorities Choice Properties further improved the quality of its portfolio by completing $427 million of real estate transactions and by delivering over $299 million of development projects adding 1.1 million square feet of new commercial retail and industrial space and a new purpose-built residential rental building to its portfolio Choice Properties' performance continues to be supported by the strength of its necessity-based portfolio and the stability and flexibility provided by its industry-leading balance sheet Choice Properties continues to be well-positioned to deliver stable and growing cash flows and announced its third consecutive annual distribution increase for unitholders The Company's results are impacted by market price fluctuations of Choice Properties' Trust Units on the basis that the Trust Units held by Unitholders The Company's financial results are positively impacted when the Trust Unit price declines and negatively impacted when the Trust Unit price increases $        992 $         13 $       1,631 $        65 Net earnings (loss) attributable to shareholders of the Company $        674 $        245 $         36 Publicly traded operating companies(i) $        681 Net earnings (loss) available to common shareholders of the Company   $        664 Diluted net earnings (loss) per common share ($) $       5.05 $        353 $         332 $         83 Adjusted net earnings available to common shareholders of the Company(1) Adjusted diluted net earnings per common share(1) ($) $         2.51 Publicly traded operating companies is the contribution to the Company's financial performance from its controlling interest in Loblaw and Choice Properties after the effect of consolidation Effect of consolidation includes eliminations See "Results by Operating Segment" section of this News Release for further information Net earnings available to common shareholders of the Company in the fourth quarter of 2024 were $664 million ($5.05 per common share) compared to net loss available to common shareholders of the Company of $38 million ($0.30 per common share) in the same period of 2023 an increase of $702 million ($5.35 per common share) The increase was due to the favourable year-over-year net impact of adjusting items totaling $629 million ($4.71 per common share) described below and an improvement of $73 million ($0.64 per common share) in the consolidated underlying operating performance of the Company The favourable year-over-year net impact of adjusting items totaling $629 million ($4.71 per common share) was primarily due to: Adjusted net earnings available to common shareholders of the Company(1) in the fourth quarter of 2024 were $415 million The increase was driven by the favourable year-over-year impact of $62 million from the contribution of the publicly traded operating companies and the favourable year-over-year impact of $11 million at GWL Corporate primarily due to a fair value gain on other investments recorded in the quarter Adjusted diluted net earnings per common share(1) were $3.15 in the fourth quarter of 2024 The increase was due to the performance in adjusted net earnings available to common shareholders(1) as described above and the favourable impact of shares purchased for cancellation over the last 12 months ($0.09 per common share) pursuant to the Company's Normal Course Issuer Bid ("NCIB") program NCIB – Purchased and Cancelled Shares  In the fourth quarter of 2024 the Company purchased and cancelled 0.9 million common shares (2023 – 1.1 million shares) for aggregate consideration of $209 million (2023 – $165 million) under its NCIB the Company had 130.0 million common shares issued and outstanding of the MD&A in the Company's 2024 Annual Report for more information Participation in Loblaw's NCIB  The Company participates in Loblaw's NCIB in order to maintain its proportionate percentage ownership interest Loblaw repurchased 1.0 million common shares (2023 – 2.0 million common shares) from the Company for aggregate consideration of $181 million (2023 – $238 million) The following tables provide key performance metrics for the Company by segment $         1 $       (11) Net interest expense (income) and other financing charges $         3 Adjusted net interest expense and other financing charges(1) $         (1) $         — $         2 Prescribed dividends on preferred shares in share capital Net earnings (loss) available to common shareholders of the Company    Adjusted net earnings available to common shareholders of the Company(1) Adjusted net interest expense (income) and other financing charges(1) $        8 Net earnings available to common shareholders of the Company Adjusted net earnings available to common shareholders of the Company(1)    Effect of consolidation includes the following items: $           — $             (11) $            (17) Recognition of depreciation on Choice Properties' investment properties classified as fixed    assets by the Company and measured at cost Unit distributions on Exchangeable Units paid by Choice Properties to GWL Unit distributions on Trust Units paid by Choice Properties Fair value adjustment on Choice Properties' Exchangeable Units $        250 $           (23) $       (171) $           (57) Adjusted NetEarnings Available to Common Shareholders(1) Adjusted Net Earnings Available toCommon Shareholders(1) $        16 $              13 $       (19) $            (16) $       (149) $            (91) $       (116) $          (104) Loblaw has two reportable operating segments ($ millions except where otherwise indicated)   $        850 $        (91) $         65 $         14 Revenue  Loblaw revenue in the fourth quarter of 2024 was $14,948 million partially offset by a decrease in financial services revenue Retail sales in the fourth quarter of 2024 were $14,579 million                 partially offset by Financial services revenue in the fourth quarter of 2024 was $476 million a decrease of $11 million compared to the same period in 2023 The decrease was primarily driven by lower sales attributable to The Mobile Shop Operating Income  Loblaw operating income in the fourth quarter of 2024 was $850 million The decrease included the PC Optimum loyalty program charge of $129 million (see "Loblaw Other Business Matters" below) Adjusted EBITDA(1)  Loblaw adjusted EBITDA(1) in the fourth quarter of 2024 was $1,696 million The increase was due to an increase in retail of $47 million and an increase in financial services of $18 million Retail adjusted EBITDA(1) in the fourth quarter of 2024 increased by $47 million driven by an increase in retail gross profit of $96 million general and administrative expenses ("SG&A") of $49 million Financial services adjusted EBITDA(1) increased by $18 million compared to the same period in 2023 primarily driven by the year-over-year favourable impact of the expected credit loss provision partially offset by lapping of prior year benefits associated with the renewal of a long-term agreement with Mastercard Depreciation and Amortization  Loblaw depreciation and amortization in the fourth quarter of 2024 was $694 million an increase of $14 million compared to the same period in 2023 primarily driven by an increase in leased assets and an increase in depreciation of fixed assets related to conversions of retail locations partially offset by the impact of prior year accelerated depreciation as a result of network optimization Depreciation and amortization in the fourth quarter of 2024 included the amortization of intangible assets related to the acquisitions of Shoppers Drug Mart Corporation ("Shoppers Drug Mart") and Lifemark Health Group ("Lifemark") of $115 million (2023 – $115 million) PC Optimum loyalty program  In the fourth quarter of 2024 Loblaw recorded a charge of $129 million which represents the revaluation of the loyalty liability for outstanding points reflecting higher PC Optimum member participation and higher redemption rates.  Sale of Wellwise  In the fourth quarter of 2024 Loblaw entered into an agreement with a third party to sell all of the shares of its Wellwise business for cash proceeds Loblaw recorded a net fair value write-down of $23 million in SG&A The transaction is expected to close in the first quarter of 2025 $        344 $         355 $          (11) $       1,335 $           34 Net interest (income) expense and other financing charges   $       (567) $         636 $           92 $        792 $          (12) $         185 $             3 $           21 Revenue  Choice Properties revenue in the fourth quarter of 2024 was $344 million compared to the same period in 2023 and included revenue of $197 million (2023 – $187 million) generated from tenants within Loblaw revenue included $26 million from the sale of residential inventory Excluding the impact of the sale of residential inventory revenue in the fourth quarter of 2024 increased by $15 million Net Interest (Income) Expense and Other Financing Charges  Choice Properties net interest income and other financing charges in the fourth quarter of 2024 were $567 million compared to net interest expense and other financing charges of $636 million in the same period in 2023 The change of $1,203 million was primarily driven by: Net Income (Loss)  Choice Properties net income in the fourth quarter of 2024 was $792 million compared to a net loss of $445 million in the same period in 2023 The change of $1,237 million was primarily driven by: Funds from Operations(1)  Funds from Operations(1) in the fourth quarter of 2024 increased by $3 million to $188 million compared to the same period in 2023 lower general and administrative expenses due to lower salaries The increase was partially offset by lower investment income as a result of Allied's special distribution in the prior year income from the sale of residential inventory in the prior year Choice Properties paid in full upon maturity the $350 million aggregated principal amount of the 3.55% Series J senior unsecured debentures outstanding of $300 million aggregated principal amount of Series V senior unsecured debentures bearing interest at a rate of 4.29% per annum and maturing on January 16 Choice Properties disposed of two retail properties for an aggregate net proceeds of $36 million Choice Properties announced an increase in the annual distribution by 1.3% to $0.77 per unit The increase will be effective for Choice Properties' Unitholders of record on March 31 the Company expects adjusted net earnings(1) to increase due to the results from its operating segments Loblaw  Loblaw will remain focused on retail excellence while advancing its growth initiatives with the goal of delivering consistent operational and financial results in 2025 Loblaw's results will include the impact of a 53rd week which is expected to benefit adjusted net earnings per common share(1) growth by approximately 2% Choice Properties will continue to advance its development program strong balance sheet and disciplined approach to financial management will continue to benefit its operations and the status and impact of information technology systems implementations including those described in the "Enterprise Risks and Risk Management" section of the MD&A in the Company's 2024 Annual Report and the Company's Annual Information Form for the year ended December 31 Subsequent to the end of the fourth quarter of 2024 (millions of Canadian dollars except where otherwise indicated)   $            15,097 $            14,700 $           61,608 $            60,124 Net Interest (Income) Expense and Other Financing Charges $                897 $                 247 $             2,496 $              2,625 $               5.10 $              (0.28) $               9.95 $              10.88 $               5.05 $              (0.30) $               9.80 $              10.75 $            2,048 $               2,451 $           51,436 $             49,770 $                   — $                    13 Total Equity Attributable to Shareholders of the Company   $           49,770 $                     897 $                      247 $                 2,496 $                  2,625 Net interest (income) expense and other financing charges Adjustment to fair value of investment properties and assets held for sale Adjustment to fair value of investment in real estate securities Change in allowance for credit card receivables Fixed asset and investment properties purchases (Purchases) disposal of short-term investments Lease payments received from finance leases (Purchases) disposal of long-term securities Increase in demand deposits from customers                            –  Repayments Cash rent paid on lease liabilities  –  Interest Cash rent paid on lease liabilities  –  Principal                        –  Purchased and held in trusts                        –  Purchased and cancelled Loblaw common share capital  –  Issued                                                   –  Purchased and held in trusts                                                   –  Purchased and cancelled Dividends  –  To common shareholders                   –  To preferred shareholders                      –  To non-controlling interests Effect of foreign currency exchange rate changes on cash and cash equivalents Increase (decrease) in Cash and Cash Equivalents $                2,048 $                   2,451 Basic and Diluted Net Earnings per Common Share (millions of Canadian dollars except where otherwise indicated) Net earnings (loss) attributable to shareholders of the Company $              674 $                (28) $            1,359 $              1,540 Prescribed dividends on preferred shares in share capital $              664 $                (38) $            1,315 $              1,496 Reduction in net earnings due to dilution at Loblaw Net earnings (loss) available to common shareholders for diluted earnings per share   $              661 $                (41) $            1,303 $              1,484 Weighted average common shares outstanding (in millions) Dilutive effect of equity-based compensation(i) (in millions) Diluted weighted average common shares outstanding (in millions) Basic net earnings (loss) per common share ($) $             5.10 $             (0.28) $             9.95 $              10.88 $             5.05 $             (0.30) $             9.80 $              10.75 In the fourth quarter of 2024 and year-to-date nominal (2023 – nominal) potentially dilutive instruments were excluded from the computation of diluted net earnings (loss) per common share as they were anti-dilutive The Company's 2024 Annual Report is available in the Investor Centre section of the Company's website at www.weston.ca and have been filed on SEDAR+ and are available at www.sedarplus.ca Shareholders, security analysts and investment professionals should direct their requests to Roy MacDonald, Group Vice-President, Investor Relations, at the Company's Executive Office or by e-mail at [email protected] See "Forward-Looking Statements" section of this News Release and the Company's 2024 Annual Report for a discussion of material factors that could cause actual results to differ materially from the forecasts and projections herein and of the material factors and assumptions that were used when making these statements For more information on Choice Properties measures see the 2024 Annual Report filed by Choice Properties Net earnings (loss) attributable to shareholders of the Company $           674 $             (28) $          (83) $               1 $            992 $        941 $         191 $            (45) $              (11) $         1,076 $              — $             129 $              — $               — $               — Amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark   Fair value write-down related to sale of Wellwise Fair value adjustment on non-operating properties $          22 $           35 $            324 $           (41) $                — $            131 $          (48) $                 1 $           (86) $         1,207 $        (130) $         1,814 $         1,694 Depreciation and amortization for the calculation of adjusted EBITDA excludes amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark $         1,359 $         1,540 $       (320) $       (278) $           (50) $        4,363 $            129 (Recoveries) Charge related to PC Bank commodity tax matters Charges related to settlement of class action lawsuits Transaction costs and other related recoveries $          256 $           913 $       (64) $             85 $           557 $        961 $        (199) $           (22) $        5,289 $        4,920 $        (561) $           (19) $        7,401 $           (47) Depreciation and amortization for the calculation of adjusted EBITDA excludes amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark reflecting higher PC Optimum member participation and higher redemption rates Amortization of intangible assets acquired with Shoppers Drug Mart and Lifemark  The acquisition of Shoppers Drug Mart in 2014 included approximately $6,050 million of definite life intangible assets the annual amortization associated with the acquired intangibles was $479 million The annual amortization will decrease to approximately $130 million in 2025 including $110 million in the first quarter of 2025 and approximately $30 million thereafter.  Fair value adjustment of investment in real estate securities  Choice Properties received Allied Class B Units as part of the consideration for the Choice Properties disposition of six office assets to Allied in 2022 Fair value write-down related to sale of Wellwise  In the fourth quarter of 2024 Loblaw recorded a net fair value write-down of $23 million in SG&A Fair value adjustment on non-operating properties  The Company measures non-operating properties which are investment properties and assets held for sale that were transferred from investment properties non-operating properties are initially measured at cost and subsequently measured at fair value Fair value using the income approach include assumptions as to market rental rates for properties of similar size and condition located within the same geographical areas recoverable operating costs for leases with tenants tenant inducements and terminal capitalization rates Gains and losses arising from changes in the fair value are recognized in operating income in the period in which they arise Gain on sale of non-operating properties  In the fourth quarter of 2024 and year-to-date Loblaw recorded a gain related to the sale of non-operating properties of $3 million (fourth quarter of 2023 and year-to-date – nil and gain of $12 million In the fourth quarter of 2023 and year-to-date Choice Properties disposed of properties and incurred a loss which was recognized in fair value adjustment on investment properties the Company recorded these properties as fixed assets in the fourth quarter of 2023 and year-to-date an incremental gain of $1 million and $8 million (Recoveries) Charge related to PC Bank commodity tax matters  In 2022 the Tax Court of Canada ("Tax Court") released a decision relating to President's Choice Bank ("PC Bank") including $111 million initially recorded in 2022 the Federal government enacted certain commodity tax legislation that applied to PC Bank on a retroactive basis Loblaw reversed $13 million of previously recorded charges The reversal was a result of new guidance issued by the Canada Revenue Agency Charges related to settlement of class action lawsuits  On July 24 the Company and Loblaw entered into binding Minutes of Settlement and on January 31 the Company and Loblaw entered into a Settlement Agreement to resolve nationwide class action lawsuits against them relating to their role in an industry-wide price-fixing arrangement the Company and Loblaw recorded charges of $256 million and $164 million relating to the settlement and related costs Transaction costs and other related recoveries  In the second quarter of 2024 Choice Properties recorded a reversal of a transaction related provision for $39 million that was determined to be no longer required ADJUSTED NET INTEREST EXPENSE AND OTHER FINANCING CHARGES  The Company believes adjusted net interest expense and other financing charges is useful in assessing the ongoing net financing costs of the Company.  The following table reconciles adjusted net interest expense and other financing charges to GAAP net interest expense and other financing charges reported for the periods ended as indicated.  $                (115) $                660 $                972 $                  889 $                284 $                 278 $               1,146 $               1,120 Fair value adjustment of the Trust Unit liability  The Company is exposed to market price fluctuations as a result of the Choice Properties Trust Units held by Unitholders other than the Company This liability is recorded at fair value at each reporting date based on the market price of Trust Units at the end of each period An increase (decrease) in the market price of Trust Units results in a charge (income) to net interest expense and other financing charges ADJUSTED INCOME TAXES AND ADJUSTED EFFECTIVE TAX RATE  The Company believes the adjusted effective tax rate applicable to adjusted earnings before taxes is useful in assessing the underlying operating performance of its business The following table reconciles the effective tax rate applicable to adjusted earnings before taxes to the GAAP effective tax rate applicable to earnings before taxes as reported for the periods ended as indicated.  $              1,316 $              1,207 $             5,289 $             4,920 $              1,032 $                 929 $             4,143 $             3,800 $                 210 $                 169 $                908 $                849 $                285 $                260 $              1,137 $             1,019 Adjusted effective tax rate applicable to adjusted earnings before taxes   See reconciliations of adjusted operating income and adjusted net interest expense and other financing charges above.  Outside basis difference in certain Loblaw shares  The Company recorded a deferred tax recovery of $8 million in the fourth quarter of 2024 (2023 – $16 million) and a deferred tax expense of $6 million year-to-date (2023 – $8 million) on temporary differences in respect of GWL's investment in certain Loblaw shares that are expected to reverse in the foreseeable future as a result of GWL's participation in Loblaw's NCIB ADJUSTED NET EARNINGS AVAILABLE TO COMMON SHAREHOLDERS AND ADJUSTED DILUTED NET EARNINGS PER COMMON SHARE  The Company believes that adjusted net earnings available to common shareholders and adjusted diluted net earnings per common share are useful in assessing the Company's underlying operating performance and in making decisions regarding the ongoing operations of its business Net earnings (loss) attributable to shareholders of the Company $               674 $             1,359 $             1,540 Net earnings (loss) available to common shareholders of the Company $               664 $             1,315 $             1,496 Net earnings (loss) available to common shareholders for diluted earnings per share $               661 $             1,303 $             1,484 $               425 $                352 $             1,641 $             1,511 $               415 $                342 $             1,597 $             1,467 Adjusted net earnings available to common shareholders for diluted earnings per share   $               412 $                339 $             1,585 $             1,455 Net Earnings (Loss) Available to Common Shareholders of the Company DilutedNet (Loss)EarningsPerCommon Share ($) $          (17) $          142 $           49 $            — $         49 $         108 $         333 $           (8) $           47 $          (16) $         2.81 $         353 $         (23) $         (25) $         3.15 $          103 $          (57) $         (36) $       1,138 $       (325) $       9.80 $       1,102 $         797 $        (155) $            49 $           49 $       0.37 (Recoveries) Charge related to PC Bank commodity tax matters $         192 $        282 $         2.13 $         207 $       (388) $         144 $             8 $        (29) $        426 $          (91) $       (130) $       11.93 GWL CORPORATE FREE CASH FLOW  GWL Corporate free cash flow is generated from dividends received from Loblaw $                    73 $                 237 $                290 GWL Corporate cash flow from operating businesses   $                   85 $                  157 $                 575 $                258 $                 413 $              1,103 $               1,283 GWL Corporate recognized $82 million of dividends from Loblaw in the first quarter of 2025 Funds from Operations is calculated in accordance with the Real Property Association of Canada's Funds from Operations & Adjusted Funds from Operations for IFRS Accounting Standards issued in January 2022 $                792 $               (445) $                785 $                 797 Fair value adjustment on investment properties to proportionate share   $                 188 $                 185 $                747 $                 726 For further information: Roy MacDonald, Group Vice President, Investor Relations, at the Company's Executive Office or by e-mail at [email protected] Live Ontario election results for the riding of York South—Weston 65 of 65 polls are reporting as of 12:55 a.m Follow our full coverage of Ontario election 2025 of the Progressive Conservative Party of Ontario Firin has 11,143 of 31,698 (35.15%) votes cast is in second place with 10,999 votes and Faisal Hassan PC incumbent Michael Ford is not seeking re-election Looking for another riding? Here are the full results for Ontario election 2025. the Progressive Conservatives have 80 races called in their favour They have 2,158,452 votes and 42.97 per cent of the popular vote The New Democrats have 27 races called in their favour They have 931,796 votes and 18.55 per cent of the popular vote The Liberals have 14 races called in their favour They have 1,504,688 votes and 29.95 per cent of the popular vote The Greens have 2 races called in their favour They have 242,822 votes and 4.83 per cent of the popular vote Independents have one race called in their favour Renderings from Kirkor Architects depict a predominantly glass structure with interesting architectural features that give the building a wavy-like design expansive windows provide a view into the lobby and retail space from the street 1736 & 1746 Weston Road/Kirkor Architects the 455 dwelling units would be divided into 118 one-bedrooms ft of amenity space across levels one and three with the majority of the outdoor amenity space taking the form of a third floor southeast-facing terrace Residents would also have access to 151 vehicular parking spaces across four levels of underground parking there are proposed 380 long term bicycle parking spots and 54 short term spots the project would sit directly across from the UP Express/Weston Go Station providing easy access to city- and GTA-wide transit routes residents would be within walking distance of the Humber River and surrounding Raymore Park offering an expansive green space for walking and cycling CRBR Women of Influence Weston & Sampson announced that Cheri Ruane leading their award-winning Design discipline and serving on the Board of Directors Cheri will lead with innovation and passion and use her leadership skills and vision to connect people and opportunities to help grow the firm’s presence community notes and leaders in your organization to SCBIZ’s influential audience Click here to make a Professional Announcements submission and to find out more. [caption id="attachment_73891" align="alignleft" width="300"] Jacob (Jake) Thompson [caption id="attachment_73889" align="alignleft" width="300"] Robyn Madden [caption id="attachment_73736" align="alignleft" width="300"] Dylan Crowley [caption id="attachment_73734" align="alignleft" width="300"] Sharon Bramlett [caption id="attachment_73385" align="alignleft" width="300"] BOUDREAUX promotes Justin Abrams CFA has joined Huntington Private Bank as a Portfolio Manager Sign up for your daily digest of Columbia Business Report Hundreds turn out to see what governor and South Carolina Department of Employment and Wor[...] Blanchard Machinery begins construction on a $65M Calhoun County facility to boost growth Ritedose secures FDA approval for its formoterol inhalation solution expanding COPD treatment optio[...] Kimberly-Clark will invest $200M to expand its Beech Island plant creating 150+ jobs and enhancing [...] South Carolina Treasurer Curtis Loftis will stay in office for now as the House opts not to act on S[...] Techo-Bloc will open its first South Carolina facility in Lexington County Columbia Business Report is the market leader in business media in South Carolina We connect you with decision-makers and stakeholders throughout the state Get our free e-alerts & breaking news notifications Log in for access to the latest digital and special editions Best Places to Work in South Carolina Click here to make a Professional Announcements submission and to find out more. [caption id="attachment_81704" align="alignleft" width="300"] Joe Sabatini[/caption] First Bank welcomes Joe S[...] Mark Muller has been promoted to Sales Manager at Preferred Construction Supply (PCS) [caption id="attachment_81379" align="alignleft" width="300"] Dan Scheaffer [caption id="attachment_81246" align="alignleft" width="275"] Robert Judy[/caption] Robert Judy has joined Wes[...] Fifth Third Private Bank hired Wendy Kopp as Senior Vice President and Wealth Management Advisor to open the C[...] [caption id="attachment_81171" align="alignleft" width="300"] John Daughtridge[/caption] First Bank has hired [...] Sign up for your daily digest of Charleston Business News Current CEO will head to a new post in Poland as the Ladson plants welcomes a leader from [...] Stevens Towing has powered coastal transport evolving from mail delivery to hea[...] American Airlines adds more flights between Charleston and LaGuardia increasing to 3 daily departur[...] A new joint venture acquired 104 affordable housing units in North Charleston for $15M Charleston business is the market leader in business media in South Carolina Log in for access to the latest digital and special editions A rent strike in York South-Weston has ended Tenants had withheld rent for more than a year in protest of above-guideline rent increases After more than a year of rallies and marches, backroom negotiations and withheld rent payments, a sweeping rent strike near Weston Road and Lawrence Avenue West is over — with representatives of the tenant union and landlord each confirming a deal has quietly been reached The agreement ends a highly publicized dispute over above-guideline rent increases that erupted last summer between landlord Dream Unlimited and residents of its two neighbouring buildings at 33 King St who organized as part of the York South-Weston Tenant Union Union founder Chiara Padovani confirmed the 16-month strike had been resolved via an “amicable settlement,” but did not share any details of the final agreement “We got here because hundreds of tenants organized and took action together We hope this serves as an example to tenants everywhere of how we’re stronger together,” Padovani wrote in a statement Dream spokesperson Krystal Koo also confirmed the rent strike at 33 King and 22 John was over and said it had been “settled amicably,” but declined to reveal any specifics “All parties have agreed to keep the details of the settlement private,” Koo wrote Frustration with rent hikes had been building for several years before Dream purchased the two buildings in 2021. By that time, tenants at 33 King St. had already faced six above-guideline rent increase applications over a 10-year span in which their former landlord appealed to the Landlord and Tenant Board for special permission to raise costs in the rent-controlled units above the provincially mandated cap In appealing for their above-guideline hikes the former landlord cited reasons from leaks to asbestos some had hoped the unresolved applications would be abandoned Dream president Michael Cooper confirmed to the Star in 2022 that the company would be taking over the ongoing applications to collect higher rents the maximum amount a landlord can increase charges on rent-controlled tenants is 2.5 per cent without that special permission spoke about plans to set aside some units in the two buildings to remain at least 30 per cent below market rate as part of a loan deal with the federal government Cooper also acknowledged Dream hoped to profit from the rental operations “We want to make market returns,” he said Tenants in the building, meanwhile, have decried a continual erosion of their building’s affordability. The Star previously examined more than 300 units in 33 King occupied in both 2012 and 2021 through records from the above-guideline-increase cases and found rents increased by an average of 73 per cent — and up to 118 per cent — in units where there was tenant turnover one apartment rose from $1,010 to $2,200 per month are among numerous high-profile rent strikes that have played out across Toronto in the last year with tenants in communities such as Thorncliffe Park also collectively withholding rent payments to protest above-guideline rent hikes said Toronto legal clinic worker Cole Webber with many tenants now facing eviction applications he believes this kind of organized pushback from tenants is likely to only intensify as renters are continually squeezed by rising housing costs “Tenants are increasingly pushed to the limit and deciding to turn to organizing collectively to try and address evictions and rent increases I think that we’ll continue to see more of this sort of thing as the crisis deepens.” Canada’s prosperity relies on global stability the rules-based multilateral trading system cooperation among like-minded partners and respect for sovereign states Canada is blessed with an abundance of natural resources which are the source of much of the country’s prosperity Canadian energy producers and mining companies are key enablers of the transition to a low-carbon economy investments to enhance growth and productivity and competitive tax rates are fundamental to success in the global economy Canada needs a strategy that brings ideas to life and enhances the country’s competitive advantages An aging population and increased global competition for talent requires that Canada work harder to attract Employers have a responsibility to contribute to this effort by ensuring healthy As the fourth generation leader of a family business, Galen Weston recognizes the responsibility he shoulders – to his employees, his country, and his great-grandfather’s legacy. Weston’s Real Home-made Bread began in Toronto in 1882. Today, George Weston Limited is one of Canada’s largest private sector companies “You think about what is this company going to be not just a year from now In a frank and revealing conversation with Goldy Hyder on the Speaking of Business podcast Weston discusses what he calls “patient capital” – his long-view approach to ensuring the company remains strong and vibrant for generations to come It’s a mindset he says Canada needs to adopt as a country calling on public policymakers to think about how to create long-term prosperity And he urges business leaders to be part of the discourse “That unguarded dialogue about what’s in the national interest could pay some meaningful dividends,” he says food prices and the challenges of leadership in the face of public scrutiny One of the biggest challenges I think we face on a national scale and that I worry about is what’s the prosperity narrative for the country We need to talk more about what it’s going to take for us to be prosperous in five years Not that the present isn’t critically important But there has to be an “and,” an “and” about what’s going to drive prosperity for Canadians Welcome to a new season of Speaking of Business, conversations with Canadian innovators, entrepreneurs, and leaders. I’m Goldy Hyder, president and CEO of the Business Council of Canada. In 1882, a Toronto bread salesman and baker’s apprentice named George Weston bought a bread route from his employer. He started baking and selling Weston’s Real Home-made Bread he had bought his old employer’s bakery Investing in innovation and modern equipment Weston’s bakery grew steadily so that by 1900 George Weston Limited is one of Canada’s largest private sector employers with more than 200,000 employees its portfolio also includes financial services and real estate holdings It is also a 4th generation family business currently run by George Weston’s great grandson I’m at Weston Centre in Toronto to speak with Galen about the business we want to talk about business and the economy Are you feeling optimistic about the economy right now I’m certainly optimistic when it comes to the inflation story in relation to food inflation has dropped from around 11 per cent the cost of living is clearly stabilizing in the food industry and that’s a reason to feel pretty good But let me say cost of living is still high in this country and it’s an issue that Canadians are dealing with every day Let’s pick up on that because if I’m an average Canadian and I just heard that answer whether it’s for groceries or other things Well hopefully you’re seeing it in certain items we are increasingly taking advantage of that reduction in inflation and lowering prices But the thing to remember is that two per cent inflation is a lot lower than 11 it means prices are still higher than they were two years ago you’ve mentioned inflation and affordability so I have to ask you what you’ve probably been asked many back when the government decided to call all the CEOs of the grocery chains together and which somewhat unprecedented and probably not consistent with competition And I had a list of 5 things my wife wanted me to grab but it hit me when two of those things looked to me … they were blueberries and eggs are you aware that this is expensive for blueberries and eggs And the way to think about it is actually grocery prices across Canada are up about 20 per cent over the last two and a half years That’s what the average person thinks and it’s driven by all sorts of things as we came out of a period of great labour shortage coming out of COVID that increased the cost of producing product more expensive than it was just a couple of years ago Just about every aspect of the value chain has been negatively impacted over the last couple of years Most of the major growing regions in North America have been impacted in some negative way that there’s less product to go around and to access it all these elements that you’re saying converging at the same time And when you’re at the end of the value chain like we are as a grocer One of the things I know about CEOs in general is how much they care about culture and how much they care about their employee base you’re under so much public and political scrutiny I’m wondering how that attention and what is usually negative attention How are you carrying that burden and responsibility of being the head of something that employs not 200,000 But you and I both know there’s a multiple to that So you’re responsible for feeding 600,000 people who happen to be 200,000 of whom are your employees that’s been the case for grocers over the last 18 months to two years It is far worse for the colleagues who work in our stores who are at the point They’re on the front lines of a store and they face extraordinarily difficult forms of criticism So that’s something that we take really seriously And we try and make sure that they have the right information that they can feel proud of the choices that the company that they work for is making how do you really think your employees are doing right now In respect to the criticism that they face for working in grocery stores I think they’re extremely resilient and feeling pressure but also feeling a great deal of pride with the organization that they work for which is one of the ways that we measure this it’s also a difficult time to be a CEO I’m representing 170 plus CEOs of this country What’s happened out there that CEOs have somehow become this punching bag they’re the ones who create the capacity for people to pay taxes and so forth Has there been a fundamental shift in being a CEO now than it was maybe 20 years ago And you and I have talked about this quite a bit over the years I think that things have changed in a material way I think there is a tendency today that didn’t exist 20 years ago to villainize profit as an inherently negative thing That the more successful or profitable a corporation is the more it must be exploiting either its employees or its consumers Wouldn’t that all be bad for business if you were doing that I’ve been at the top level in Canada for the leaders of Canada’s largest corporations are more nationally minded more overall prosperity-minded than any group of CEOs who have come before them It’s a pretty inspiring thing when you sit in the rooms that you and I do and we listen to what the aspirations and ambitions of those leaders actually are but everybody’s now a workers’ party Because no one’s going to do it on behalf of you How do we go about how do you go about as the largest employer that you are to help the communities in which you work and operate realize the role of a business We have to do a better job of telling our own stories We have to empower them with knowledge about the purpose If they are advocates of the jobs that are being created of the prices that are the innovation that’s coming through the organization We can touch a very significant number of Canadians and help them think more positively about the role that private sector plays in creating the prosperity of the country In that backdrop of what we’ve just discussed You became the poster child for your own company I suspect that was something that was much discussed and debated and yet you chose to do it I’m going to step down when my children enter grade school because I didn’t want them to be the kids at school who had the dad on TV let us change our last name if you do any more than this So I kinda came off TV four or five years ago very intentionally after a great run of success for the company and for the reputation of the brand I came back to it a couple of years ago because I felt there was more to say and a more important story to tell about the company and about the good things that were going on in our industry And I think in an effort to tell those stories at a time where consumers were most anxious and frustrated People didn’t want a CEO from a very successful family talking about the challenges that they’re facing with food prices every week maybe that was the indication of leadership with courage but you do have to listen carefully to how people react to what you’re saying that’s unfortunate because I think as a consequence the inherent positive action was clouded a little bit by the voice that delivered it it’s hard to get a message out in any event people debate whether it’s sunny outside right now It’s more difficult to communicate the facts of any story You do things based on evidence because you’re depending on a predictable result And when you are in the communications world It’s very hard to argue emotion with fact we have to get better at communicating in the language of our audience as opposed to in the language of business your facts don’t change the way I feel And there’s a lot of that going on right now But everybody I surveyed in my Uber drive said Even you probably have something that keeps you up at night as a result one of the biggest challenges I think we face on a national scale and that I worry about and think a lot about is what’s the prosperity narrative for the country But there has to be an “and,” an “and” about what’s going drive prosperity for Canadians I’m in a position of enormous privilege with resources with a voice and with access to very I think what we need to have is we need to have more constructive dialogue with the private sector so that our ideas are heard and understood in the way that they’re intended which is as part of the prosperity dialogue people listen to business leaders and think that’s about them making more profit making profit and growing is not inherently a bad thing we have an accountability beyond our shareholders to all our stakeholders in our businesses they are all important to our prosperity and the country’s prosperity I’ve long believed doing good is good business Is this just what you were expected to do or it’s what you wanted to do It was something that I was fortunate enough to always be interested in my father would take my sister and I out to a supermarket where he was talking with and meeting with store managers and colleagues in the stores We’d talk about the latest President’s Choice product at dinner as a family So it’s kind of injected into my veins at the earliest age And this is interesting and it’s fun and cool And it was really probably took 10 years for me to advance from where I started to the top of the organization You want to deliver on a family legacy in a really positive way for supermarkets more than anything else that got me there I you may recall I come from family business as well And the whole the boardroom’s a family dinner table every day But it is a family business and it makes it different than some of the other companies And I want you to explain to the listeners and many of whom are young entrepreneurial MBAs in the making and all of the others What’s different about a family business You think about what is this company going to be The way we make decisions is a bit different I’m not so concerned about beating the benchmark every quarter I’m concerned about will the decisions we make create value I want this company to endure for many generations to come and I have to make decisions with those outcomes in mind as well I think that’s different to a lot of public companies today that make their most important decision based on the short term This is part of the blowback you get from the political arena when businesses go in there and say you’re making it difficult for me to think about the long term both of which are short term in the big picture Isn’t that part of the problem is no one is thinking about the long term These elements are not in play in our political discourse today It’s hard to see it in the politics of today feels very much what’s the issue of the latest poll as opposed to what will drive success or prosperity for the country I do think that this is a place where business leaders Not all CEOs are short term in their outlook too That unguarded dialogue about what’s in the national interest could pay some meaningful dividends So tell me a little bit more about the patient capital philosophy and certainly the pedigree of your family and some of the lessons that you were taught about that but you will win over time.” It’s a mantra that’s really important for me when I’m making difficult decisions that even if there’s a short-term negative consequence it will pay off at the end of the day in some way financially or in terms of just the pure durability of the enterprise Let me give you an example of environmental change We feed a good portion of the nation every week And so if there is drought in California or if there is drought in Saskatchewan that is impacting the source of supply and it is a major food security issue for Canadians And so for us to be thinking proactively about sources of supply about the integrity of availability of water and irrigation these things are business decisions for us that we want Saskatchewan to produce wheat in Canada for 40 years and a drought will make that very difficult And so we think about how do we take action to reduce the risk of food production in this country how have you been able to approach your corporate culture and your talent and the retention of your talent because you take that long view tenure and loyalty matter because you want other people in your company to be thinking about the long term And if somebody sees their career with Loblaw or with George Weston as a career that’s 30 years they will think differently to if they see their career as three or four years or a stepping stone And you have people with that Canada of longevity in the company that are not sitting in the C-suite last week who was celebrating their 50th year in the company Not that you’re thinking about succession but every CEO’s job is to think about succession Are you preparing the next generation of Westons to lead for a family member to work in a business is not a tremendous recipe for success So I’ll try and follow my own father’s path and to show them some of the exciting and interesting things very large robotic warehouse that’s under construction right now just north of the city I’m going to bring my kids to see that so they can see all of the mechanical robots in action in a couple of months to help them see how dynamic and interesting it is You read my mind on my next trail of thoughts here but let’s talk about the customer experience of your business we don’t see artificial intelligence as profoundly transforming our business model we sell product that comes out of the ground so that it can be available for you or anybody else to buy Robots can make that process more productive Artificial intelligence can make it more accurate we’re not going to replace that potato do good and the good things will happen even if you have to make tough decisions for the long run One of the quotes I read from you that I want to talk about not so much in the context of the business but in the context of Canada as we pivot to the next theme is you said my family would rather hit a safe single than swing for the fence and risk striking out When you’re thinking about prosperity over the course of decades taking a swing that leads to the end of your enterprise doesn’t make sense And just adding a base hit to a base hit to a base hit over 30 years is going to create more durability I think that same concept can apply to the country as a whole The country has to hit singles intentionally and continue to advance around the bases It can’t be foul ball after foul ball after foul ball but you’re also not going to be scoring any runs When you have real confidence and you have the wind at your back those are the times where you put more chips on the table I would never advise putting all the chips on the table you’re going to make bigger bets when the circumstances are there not everybody swings for the fences of the nine who are batting But if you’re the one who’s supposed to hit the home run We just discussed everyone is thinking short term There’s left wing and right wing populism What are we going to do to get a handle on this because of what you said about Canada’s prosperity let me give you an example just to further the discussion one of the biggest challenges facing the world Canada has a responsibility to play its part in reducing the risk and the impact of climate change and our economy is dependent on prosperity in the energy sector And we have to balance those two important interests Western Canada has one of the most attractive geologies for carbon sequestration And we have some of the most advanced engineering thinking in the energy sector in the world And if you were to combine those two things and rather than constantly try and prevent anything more from happening in the energy sector something like carbon capture and swing for the fences to be the greatest carbon capture nation in the world Because that’s what I call a good pitch Carbon capture is not yet an economically proven technology But don’t you think that’s the kind of thing So we have to be selective about the places that we want to swing for the fences and I’ve been saying it a lot as well But somehow we got to a narrative of “or” and not “and.” How do we get back to that I didn’t come here expecting the CEO of a grocery to lean in on an issue that I confess is very important to me as an Albertan and it’s very important to me as a Canadian But we’re not having that conversation we have to back away from this suspicion that the private sector is to be villainized or that the private sector is to be resisted We have great minds in industry who are excited and enthusiastic about collaborating with government to generate the best outcomes for the country in an effective way if it’s all “or” and there’s no “and.” You’re clearly a successful businessman I want to just quickly ask you about leadership more broadly Who had the biggest impact on you to be the leader that you are what advice would you give emerging leaders who are listening to this podcast that say or I just want to run … you know university … or whatever the case might be Growing up in a family business of some size and scale I was exposed not just to my father a people person in a profound and exciting way But also I had exposure from a very young age to other leaders in the organization who were different but equally successful So I had mentors and examples to draw from that I think were probably foundational in establishing my own leadership style I was educated to think in a conceptual way Having an organized mind so that you can break down complex problems into actionable pieces but it’s a great one to hone and to develop especially if you want to lead a company and a big one at that Look for the right mentors who you can take inspiration from I’ve learned over time is you have to listen Why are we doing my performance review right now certainly feels like my kids have a shorter attention span than I did and I know my attention span was shorter than my parents’ but the skill of listening listening to understand what someone across the table is saying to you This is how you get richer in the way that you think about things And that takes more time than rushing to the answer So if you’re young and you’re impatient and you’re ambitious my counsel to you would be make sure that you’re intentional about listening and taking your time when you’re around people who Just some rapid fire questions for you and I to have some fun with But what is your favorite President’s Choice product Mine is it’s going to have to be the President’s Choice frozen croissant And so it’s the ultimate comfort … it’s the ultimate comfort food there’s there’s something about that keep it simple with you I’ve always seen that that’s what you try and do Favorite part for me is Georgian Bay right here in Ontario It’s a place where we spent a lot of time growing up And science fiction takes you out of the constraints and challenges and issues of today because you’re in some other future or you’re on some other planet What one book do you think Canadians should actually read right now So I’m halfway through a book from a medical doctor by the name of Peter Attia. It’s called Outlive And it’s really about how much more control we have about the health outcomes we experience late in life should read because we can do so much better with our own choices when it comes to our personal health and the health of the nation I’ve been a Beatles fan since I was about 7 years old There’s nothing wrong about being a Beatles fan but cookies are definitely the right answer Mountain biking I really enjoy for personal exercise You have a memory from a favorite tennis match I watched the finals of Wimbledon when I was nine years old between John McEnroe and Jimmy Connors I can’t thank you enough for doing this I’ve known you on and off for the last 20 some odd years And I think what you’ve shown people on this podcast today is how you are that way And I want to thank you for being a leader at a difficult time wanting to make Canada better than it currently is Galen Weston is the chairman and Chief Executive Officer of George Weston Limited This is the first podcast of our new season we are about to mark our one hundredth episode of Speaking of Business We have a rich archive of thoughtful conversations with some of Canada’s most influential business leaders and I encourage you to explore more of them and subscribe so you don’t miss any Search for Speaking of Business wherever you get your podcasts You can also listen to them on our website at the business council dot c-a Scott Balfour has some simple career advice for his three sons: stay humble It’s what he learned from his mother and grandmother and he maintains those “fundamental skills” have been the most important throughout his career Balfour spent a year working on the assembly line at the local Ford plant before returning to Laurier University to complete his degree corporate finance and infrastructure development before pivoting to the energy sector The Halifax-headquartered energy company serves more than 2.5 million customers across Canada Balfour has been at the forefront of the industry’s transformation overseeing the company’s shift towards more renewable energy sources and modernizing its energy mix He has navigated the complexities of policy all while maintaining a commitment to reliability Listen to his full conversation – including his hopes for Canada’s future – on the Speaking of Business podcast with Goldy Hyder When Dean Setoguchi thinks about Canada’s energy industry and it’s partly due to tariff threats from the United States “I’m an optimist,” he tells Goldy Hyder on the Speaking of Business podcast “I feel like there’s a recognition by Canadians that our national resources are our treasure and I don’t think that recognition has been there for the past at least decade.”  The president and CEO of Keyera hopes momentum will build to get Canadian natural gas to more customers “We have an opportunity to deliver the world’s most responsibly produced oil and natural gas in the world and we can help enrich people’s lives across the planet,” he says “If we can get the right policy and regulatory framework Keyera plays a vital role in processing and delivering natural gas across Canada and around the world Setoguchi shares how he transitioned from accounting to the oil and gas industry embracing the entrepreneurial spirit and “enterprise-level thinking” that he learned while working with smaller companies He also discusses his deep ties to his hometown of Lethbridge and the influence of his Japanese grandparents “I like that humble upbringing and being grounded no matter what position you are or what you do in life What can we expect from a second Trump presidency and how should countries like Canada respond Those are some of the themes Goldy Hyder explores with bestselling author columnist and CNN host Fareed Zakaria in a conversation recorded on January 13th – one week before the presidential inauguration Zakaria discusses his latest book Age of Revolutions and reflects on changes to the geopolitical landscape including the potential impact of tariffs on countries around the world Éric Martel understands the transformative power of innovation The President and CEO of Bombardier says it “has always been in the DNA” of the company – from the invention of the snowmobile 80 years ago to the development of cutting-edge aerospace technology today In an interview with Goldy Hyder on the Speaking of Business podcast Martel discusses why fostering innovation and growing Canadian champions requires a strong partnership between the private sector and government He argues that Canada needs to take a more proactive approach to supporting its domestic industries where the government can work closely with companies to identify future needs and collaborate on solutions creating more value for the country,” he says Listen to the full interview with Éric Martel including leadership lessons he learned as an 18-year-old cadet Rosamund Small (sixth from left) and the Outside the March team test-driving portable production equipment at the venue for Performance Review.Wade Muir/Supplied A substantial gift will help a nomadic Toronto theatre company in its quest to easily turn almost any space into a fully functional temporary venue for site-specific productions The $500,000 donation from the Hilary and Galen Weston Foundation is the largest single contribution in Outside the March’s 15-year history the company rented equipment on an ad hoc basis for immersive theatrical experiences across the city Productions have taken place in such unconventional spaces as a Parkdale kindergarten classroom an abandoned Leslieville movie theatre and a former video rental store The company aims to raise $1.5-million for the first phase of its capital project The funds will allow for the purchase of modern production equipment and temporary seating we were often renting the wrong equipment for too much money and we’d be back to square one at the end of the production,” said founding artistic director Mitchell Cushman The company’s site-specific productions typically took place in abandoned spaces the company would take over for an extended period of a time The café will continue to operate during the day “A traditional stage light takes 40 minutes to hang in the perfect position on a grid above the stage,” said playwright Rosamund Small “That’s never going to be something that is practical in an operating café But these beautiful new lights can be put up and taken down so quickly.” at the Morning Parade Coffee Bar on Dundas Street West The staging equipment acquired through the capital project will also be available to other companies in the city that operate without a home stage “We’ll use the gear about two-thirds of the year,” Cushman said we can loan it out at cost or below market rates.” Though Outside the March also mounts productions in established theatres with staging equipment already in place those spaces are more expensive than the unconventional venues they temporarily refit “Theatres are hot commodities and more unaffordable for independent collectives and emerging artists,” Cushman said there is quite a lot of vacant and underutilized space in the city.” Including the gift from the Hilary and Galen Weston Foundation The first wave of equipment acquisitions was used for 2024’s R.A.V.E. which involved Outside the March transforming abandoned office space at the former Downsview Airport into a neon-lit underground dance party New production gear will include an adjustable wheelchair ramp; a fully equipped mobile workshop; e-generators and solar panels capable of running an entire production off grid; and hundreds of foldable Report an editorial error Report a technical issue Editorial code of conduct Authors and topics you follow will be added to your personal news feed in Following Brad Wheeler is an arts reporter with The Globe and Mail Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter Welcome to The Globe and Mail’s comment community This is a space where subscribers can engage with each other and Globe staff We aim to create a safe and valuable space for discussion and debate If you do not see your comment posted immediately it is being reviewed by the moderation team and may appear shortly We aim to have all comments reviewed in a timely manner Comments that violate our community guidelines will not be posted UPDATED: Read our community guidelines here We have closed comments on this story for legal reasons or for abuse. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions U of T welcomes students from all over the world Both are studying at St. Michael’s College thanks to the generous support of the Hilary and Galen Weston Foundation “We are honoured to support these bright and spirited young women in their educational journeys at the University of Toronto Jepleting and Awino joined U of T through the Hilary Weston KenSAP Awards program and it encourages me to work hard and use every opportunity availed to me and for Jepleting — who plans to major in economics and international relations — the experience has been nothing short of transformative  Huriet Jepleting and Faith Awino with Acting-Dean Antoinette Handley and Dean Melanie Woodin build inclusive spaces and engage the university’s international network of multidisciplinary scholars in world-leading research and teaching on race Generous support like this from the Hilary and Galen Weston Foundation is crucial to attracting the brightest minds from around the world and supporting them as they pursue their education at the University of Toronto “I am thrilled to welcome Faith and Huriet into the Arts & Science community. Our faculty is made richer by having these brilliant students studying here,” says Antoinette Handley, acting dean of Arts & Science and professor in the Department of Political Science. “Generous support like this from the Hilary and Galen Weston Foundation is crucial to attracting the brightest minds from around the world and supporting them as they pursue their education at the University of Toronto. I look forward to seeing their incredible accomplishments, both at U of T and beyond.” Join the conversation You can save this article by registering for free here. Or sign-in if you have an account Subscribe now to read the latest news in your city and across Canada Create an account or sign in to continue with your reading experience We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentThe automatic buybacks will form part of the companies’ existing repurchase programs to buy back up to five per cent of their issued and outstanding shares. Loblaw’s program, which runs until May 5 of next year, would see it purchase up to 15.3 million shares. George Weston’s normal course issuer bid will run to May 26, under which it could buy up to 6.6 million shares. Those plans will allow the grocer’s broker to buy back shares at times when Loblaw and George Weston would not be active because of insider trading rules and internal trading blackout periods. Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price. transmission or republication strictly prohibited This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy You can manage saved articles in your account Evening weather forecast for May 4, 2025 Air traffic controller shortage triggers delays at major U.S. airports Royal Canadian Navy remember heroism in Battle of the Atlantic After provincial loss, Kristina Tesser Derksen scores narrow federal win Evening weather forecast for May 3, 2025 Election recount flips result in Milton East–Halton Hills South Loblaw and George Weston have settled their involvement in two class-action lawsuits that accuse the companies of fixing the price of bread Lawyers involved with the case say the $500-million settlement was announced last year The Competition Bureau began investigating alleged bread price-fixing in January 2016 It said at least $1.50 was added to the price of a loaf of bread due to the alleged 14-year conspiracy which is purported to involve multiple Canadian companies Lawyers are claiming the settlement with Loblaw provides more information that will be used in the remaining cases against Canada Bread This information includes documents relating to price increases for bread between 2001 and 2016 Loblaw and its parent company George Weston are paying a combined $404 million with the remaining $96 million accounted for through Loblaw’s gift card program announced in 2017 Twenty-two per cent of the settlement funds will be distributed to eligible class members in Quebec The rest will go to eligible members outside Quebec READ MORE: Loblaw settles alleged bread price-fixing lawsuit Steve Ruddick was at the Oakville & Milton Humane Society learning about the region’s trusted morning news source for more than ‘Reskilling for the Future of Work’ is the title of media consultant FirstOntario Credit Union‘s Chief Risk Officer Mainly cloudy with showers/thunderstorms today and a mild high of 20°C A 43-storey residential tower is being proposed a short walk south of the Weston GO and Union Pearson Express station, in Toronto’s Weston neighbourhood. Designed by Graziani + Corazza Architects for Altree Developments the property is situated within the Weston Major Transit Station Area The neighbourhood is a mix of residential and commercial uses while the site also directly interfaces with the Humber Valley Natural Heritage System dedicating nearly half the site area to renaturalization designed by Graziani + Corazza Architects for Altree Developments Addressed to 16 Wilby Crescent it is 2,515m² in area at the southwest corner of Wilby Crescent and Hickory Tree Road it hosts a one-storey office and warehouse building at its southern end and a construction yard used for vehicle and equipment storage across its remaining area It is the western portion of the site that lies within the Humber Valley Natural Heritage System land that is regulated by the Toronto and Region Conservation Authority (TRCA). The site also features a municipal storm sewer easement Bousfields has submitted a Zoning By-law Amendment application to the City of Toronto on behalf of the developer The design’s total Gross Floor Area measures 27,100m² for a net Floor Space Index (FSI) of 20.88 times lot coverage or if you include the natural heritage lands with 872m² of indoor and 868m² of outdoor area on levels 5 and 6 Four elevators would result in a ratio of one elevator for every 102 units indicating reasonable elevator service levels vehicle parking would span floors 2 through 4 depending upon an automated stacking system accessed via two car elevators Bicycle parking entails 367 long-term spaces located across an underground plus above-grade levels including 10 public spaces within the public boulevard 1,217m² — nearly 48% of the site — would be conveyed to the TRCA, including a 10m buffer zone and areas below the long-term stable top-of-slope (LTSTS) connecting the site to the broader ecosystem The buffer would be restored as renaturalized parkland The tower itself would cantilever 12.3m above a municipal storm sewer easement from the Weston GO/UP Express station on the Kitchener GO Line TTC bus routes also run close by along Weston Road and Lawrence Avenue which links to the Humber River Recreational Trail This network connects to the Martin Goodman Trail and Black Creek Trail An aerial view of the site and surrounding area UrbanToronto has a research service, UTPro, that provides comprehensive data on development projects in the Greater Golden Horseshoe — from proposal through to completion. We also offer Instant Reports, downloadable snapshots based on location, and a daily subscription newsletter, New Development Insider that tracks projects from initial application.​​​