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Topic: How To Invest

LOBLAW COMPANIES $62.05 – Toronto symbol L

LOBLAW COMPANIES $62.05 (Toronto symbol L; Shares outstanding: 412.5 million; Market cap: $25.8 billion; TSINetwork Rating: Above Average; Dividend yield: 1.6%; www.loblaw.ca) is testing a new home-delivery service with San Francisco-based Uber Technologies, which offers users rides from private drivers in 300 cities.

Users of Loblaw’s Click & Collect online service can order groceries from three of the company’s Toronto supermarkets. They can then pick up their goods at their local store and get a free ride home from Uber.

This is a limited-time promotion, but if it’s successful, Uber may offer Loblaw customers a discounted fare. That could prompt them to buy more groceries than they normally would.

Loblaw is a buy.

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