Reuters

Loblaw Companies Ltd, Canada’s largest grocer, reported a better-than-expected quarterly profit, boosted by strong pharmacy sales at its recently acquired Shoppers Drug Mart business.

Loblaw, majority-owned by George Weston Ltd, bought Shoppers Drug Mart Corp last year to better compete against the expanding Canadian businesses of U.S.-based rivals such as Wal-Mart Stores Inc and Target Corp.

http://business.financialpost.com/2014/11/12/loblaw-results/