As people return to brick and mortar stores with the end to most COVID-19 restrictions, coupled with inflation, Shopify reported a US$1.2 billion net loss in its second quarter. It comes a day after the company laid off 10 per cent of its staff, or about 1,000 employees.

Meanwhile, Rogers has pushed the deadline for its acquisition of Shaw Communications to the end of 2022 as the regulatory approval process of the deal continues. It also estimated this week that it will spend approximately $150 million in customer credits following the mass outage earlier this month.

Anne Gaviola has the details, including information on earnings at Loblaw and how much unpaid childcare in Canada accounted for the country's GDP.

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