Wittington Investments, which is funded by the same Weston family that controls the Loblaw grocery empire, will make equity or debt investments ranging from $5 million to $10 million in Canadian firms that make essential products. (The Globe and Mail)

Talking point: Veteran investor Jim Orlando, who has led Wittington’s venture capital arm since 2019 and previously headed OMERS Ventures, will spearhead the investments. Loblaw chair Galen Weston said in May that his family will donate $1 billion toward Canadian health research, conservation and food security after the “wake-up call” of U.S. tariffs. These minority ownership stakes are part of that effort, The Globe and Mail reported. Meanwhile, Loblaw’s former chief operating officer Mike Motz was named CEO of Walgreens-Boots Alliance on Thursday, in hopes Motz can replicate the success of Shoppers Drug Mart at the struggling drug store chain.