What to know about Loblaw’s new PC Insiders loyalty program

Nov 21 19:11 2017 Print This Article

A Loblaws store is seen Monday, March 9, 2015 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Loblaws has rolled out yet another planned change to its President’s Choice loyalty program. In a strategy like Amazon’s Prime subscription, they are also asking consumers to pay for it. It’s just the latest move by the grocer in overhauling PC, following earlier moves to get out of the retail banking business and merging PC Points with the Optimum program run by its subsidiary Shoppers Drug Mart.

PC Insiders, a new fee-based subscription program is aimed at its existing loyalty program members but offers more in terms of discounts and rewards—but in exchange for a $99 annual fee. Still, there’s no change to the chain’s existing PC Points program, where shoppers can get points in exchange for purchases, without paying an annual fee.

Read More

About Article Author

Money Sense

MoneySense is a Canadian personal finance and lifestyle magazine published by Rogers Publishing Limited, a division of Rogers Communications.Written for Canadians who want to take financial control of their lives, MoneySense is Canada's best-selling investment and lifestyle magazine, helping readers make smart, informed decisions about how to get the most from their money. The magazine has received many awards, including multiple National Magazine Awards and CFA Society Toronto Awards.

Related Items

Are Vestcor's Benchmarks a 'Joke'?

Robert Jones of CBC News reports, Exaggerated success: Province's pension managers profit from 'joke' target, analysts say:A key measurement used to calculate bonuses for executives of the firm managing New Brunswick government employee pension funds produces exaggerated rewards and needs to be rev ...

Stall Speed, Flattening Yield Curve, and the Longest Expansion

Data for Q1-2018 real GDP will be released on Friday, April 27. The Atlanta Fed’s GDPNow model predicts 2.0% q/q (saar) based on data available through April 17. That would put the y/y rate at 2.8%. I prefer the y/y metric because it solves the annoying “residual” seasonality problem that h ...

A Bullish Position to Optimize Risk-Reward

As the following graph shows, shares in Royal Bank of Canada (RY) veered into correction territory after peaking at $108.52 on January 22, 2018. At the current price of $97.98, the security is down by over 9.7%. With the RSI (Relative Strength Index) indicator on the rise and the stochastic oscilla ...

Actually, including capital spending, Ontario’s deficit is more than $32 billion

Author: Livio Di Matteo Contrary to government claims, Ontario’s auditor general says the province’s deficit is $11.7 billion. Read more about Actually, including capital spending, Ontario’s deficit is more than $32 billion Tags:  ontario finances ontario auditor general ontario ...

OrganiGram is cheap compared to its pot peers, Canaccord Genuity says

With one of the lowest valuations among its cannabis peers, Moncton, New Brunswick’s OrganiGram Holdings (TSXV:OGI) should be a good pick up, says Matt Bottomley, analyst for Canaccord Genuity, who on Tuesday reiterated his “Speculative Buy” recommendation and $5.50 price target. On Tuesday, ...

8 ways to collect more Air Miles faster and redeem smarter

I’ve been an ad hoc collector of Air Miles for years but never really turned my full attention to upping my balance of points until this year. There had to be more to Air Miles than just showing my card at Shell gas stations and Metro grocery stores and getting a few points when I purchased groce ...

Macro Briefing: 25 April 2018

Western allies press Trump to maintain nuclear deal with Iran: Reuters US intelligence monitors Iranian cargo shipments into Syria: CNN A trade war is a major risk for China’s debt-ridden economy: CNBC Federal judge orders gov’t must accept new DACA immigration applications: WaPo Unification of ...

QQQ: Breakdown, Mean-Reversion Opportunity or Both?

The Nasdaq 100 ETF (QQQ) broke down with a sharp decline the last five days and this pushed RSI(5) below 30 for a short-term oversold reading. The breakdown is bearish, but it has also created a short-term mean-reversion opportunity.  I first introduced a mean-reversion trading system using RS ...

Q: What is your opinion of B&G Foods? Is it a good investment or not? Thanks.

A: B&G Foods, $22.70, symbol BGS on New York (Shares outstanding: 66.6 million; Market cap: $1.5 billion; www.bgfoods.com), manufactures, sells, and distributes a wide range of prepackaged food and household products in the U.S., including Puerto Rico, and Canada. Its product line is large: hot cer ...

When your dead spouse’s debt is your debt

Q: My father passed away recently leaving about $20,000 in credit card debts. We had no idea that he was having trouble paying his bills and the extent to which he was borrowing.  Now we are worried about what impact this will have on my mother’s finances. Can the creditors demand payment from ...

The benefits and flexibility of family RESPs

Q: Can you write an article on how family RESPs work once the oldest children start to take money out of the plan while for the youngest we are still putting money into the plan? What are the rules? Can you find one child with more money from the plan than another child? If ...