https://www.theglobeandmail.com/report- ... e35802543/
"Loblaw revealed on Wednesday that plans for minimum-wage increases in Ontario and Alberta could add about $190-million of labour expenses to the retailer in 2018 alone."
Over the last 4 years, Loblaws has average net income of roughly $565 Million. $190 Million is about 33% of their average net income. In 2016, net income was $983 Million, so $190 Million would be just a little more than 20% of their net income.
"[Galen] outlined ways Loblaw is looking at to find savings, including increasingly digitizing manual invoice jobs; rolling out more self-checkouts at its Shoppers Drug Mart stores; using analytics to reduce inventory and ensure goods are available when customers want them; and using predictive tools to improve the effectiveness of discounting."