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Canada IN SHOCK As 7 Eleven SHUTS DOWN All Stores! Carney Explodes!

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0:00

7-Eleven closing 444 underperforming

0:03

stores across North America. The

0:05

convenience store chain has more than

0:06

13,000 locations across the US, Canada,

0:09

and Mexico. The company says the

0:10

closures are because of slowing sales

0:12

the past 6 months, fewer cigarette

0:14

purchases, and inflation.

0:16

>> It's very concerning when we see

0:18

retailers uh, you know, making decisions

0:21

that they believe they have to make to

0:22

close their doors.

0:23

>> There's a sign in the window. This

0:25

7-Eleven on Ellis Avenue is closed.

0:28

Canada just got hit with a kind of

0:30

shutdown shock that nobody saw coming.

0:32

And it starts with 7-Eleven pulling the

0:35

plug on stores nationwide. This isn't a

0:38

branding change or a quiet

0:39

restructuring. It's the clearest sign

0:41

yet that Canada's everyday economy is

0:43

breaking under pressure. And the part in

0:46

Ottawa that nobody wants to admit. If

0:48

even 71 can't survive the conditions

0:50

that Mark Carney created, then this

0:52

crisis is a lot bigger than convenience

0:54

stores. At least two other 7-Elevens not

0:57

on the list have also closed, including

1:00

this one on McFillips and this one on

1:02

Pemina. 7-Eleven could not be reached

1:05

for comment about why the stores shut

1:07

their doors.

1:08

>> We are now, right, having to find new

1:10

places and new ways to get those things.

1:12

And of course, the prices are different.

1:14

Uh, very different.

1:16

>> I need you to understand how big this

1:18

is. 7-Eleven didn't choose a handful of

1:21

weak stores. They unleashed the largest

1:24

shutdown wave in the chain's North

1:26

American history, wiping out hundreds of

1:28

locations and dragging Canada straight

1:30

into the blast zone. This wasn't

1:32

announced with transparency, maps, or

1:35

community notices. Canadians woke up to

1:38

dark windows, stripped shelves, and

1:40

doors chained shut because the company

1:42

decided entire regions were no longer

1:44

worth keeping alive. If you're going to

1:46

7-Eleven locations like this one on

1:48

Sahara and Jones or 443 others across

1:52

the country, you come across this a sign

1:54

telling you it's been permanently closed

1:56

and some locked doors. And here's the

1:58

part that should scare every single

2:00

politician who still thinks that this is

2:02

just business. 7-Eleven only closes

2:05

stores when the ground beneath them

2:06

becomes impossible to operate on.

2:09

collapsing foot traffic, inflation

2:11

gutting margins, rising crime, soaring

2:14

electricity bills, and the kind of

2:16

economic pressure that kills 247

2:18

convenience before anything else. When a

2:20

chain built to survive low margins, late

2:23

nights, and every recession suddenly

2:25

taps out, it means the foundation of the

2:28

street level economy has snapped. think

2:30

and to wonder, you know, about the

2:32

economy and the things that are going on

2:33

and make you kind of kind of stand still

2:36

and take notice of, you know, the

2:37

situation that we're really in.

2:39

>> Brown and his church set up near the now

2:41

closed 7-Eleven to hand out food and

2:44

water to those who need it. The

2:45

convenience store was a good place to

2:47

grab supplies. Now, with a closed store,

2:50

they'll have to head somewhere else for

2:52

what they need. So, the shock isn't that

2:54

7-Eleven left. The shock is what their

2:56

exit reveals. that Canada's everyday

2:59

retail system is now cracking so

3:01

violently that even a global giant can't

3:03

hold its position anymore. And that's

3:06

why the entire country felt this

3:08

shutdown like a punch. Because if the

3:10

most reliable store on the corner can't

3:12

survive here, it raises one brutal

3:15

question. What business can? Fiscal

3:18

year, 7-Eleven's Japanese-based

3:20

ownership company, 7 and Holdings,

3:22

announced they'll close 444

3:25

stores. They site issues like inflation

3:28

keeping customers from spending, less

3:30

people going to stores, and even

3:33

plummeting cigarette sales. Another

3:35

boarded up and chained location. So, let

3:38

me be brutally clear. This shutdown

3:40

didn't hit Canada evenly. It slammed

3:43

directly into Western Canada, the very

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region already carrying the economic

3:47

weight of the country while getting the

3:49

least protection from Ottawa. And the

3:52

numbers make it impossible to pretend

3:53

otherwise. Out of just over 550 Canadian

3:57

7-Elevens, nearly half of them sit in

3:59

Alberta, BC, Saskatchewan, and Manitoba,

4:03

with Alberta alone holding the single

4:05

biggest cluster in the nation

4:06

>> due to declining sales and fewer

4:08

customers, partly because of rising

4:10

prices and less demand for cigarettes.

4:12

These closures come as the company faces

4:14

inflation pressures and shifting

4:16

consumer habits. out of its 13,000

4:18

stores in the US and Canada.

4:20

>> That means when 7-Eleven starts cutting,

4:22

the first lights to go out aren't in

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downtown Toronto or Vancouver's luxury

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districts. They're in the prairie towns,

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the highway stops, and the working-class

4:30

neighborhoods. When these stores aren't

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just convenience outlets, they're actual

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lifelines. In Alberta, especially,

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losing a 7-Eleven isn't losing a snack

4:40

shop. It's losing the place kids go

4:42

gather after school, the late night

4:44

community safe spot, that anchor in your

4:47

town that stays open long after

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everything else shuts down. Businesses

4:51

have been saying for a long time, we're

4:54

having challenges.

4:55

>> The chamber says when stores like

4:57

7-Eleven are forced to close, those

4:59

neighborhoods decline. It says there

5:01

needs to be more enforcement and tougher

5:02

consequences for chronic thieves.

5:04

>> We need government to step up and saying

5:06

we're not going to treat this like a

5:08

victimless crime. we're going to treat

5:09

it like the the meaningful uh challenge

5:13

to our community's well-being that it

5:14

isn't.

5:15

>> And the irony Ottawa refuses to

5:16

acknowledge, the West is the region

5:19

propping up Canada's economy with

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energy, exports, and growth. Yet, it's

5:23

also the region where the shutdown

5:24

fallout is landing the hardest. So, when

5:27

Western storefronts go dark first, it

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sends a message louder than any press

5:31

conference Carney can hold. The economic

5:34

stress is strongest where the country

5:36

depends on stability the most. And every

5:38

closed sign in Alberta or Manitoba is

5:40

proof that the system is cracking right

5:42

at its foundation.

5:43

>> In the US by the end of the year, the

5:45

convenience store's parent company says

5:47

the 444 locations are underperforming as

5:51

customers pull back spending, especially

5:53

on cigarettes. Now, there are about

5:55

13,000 7-Eleven stores in the US and

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Canada. It's still not clear exactly

6:00

which locations will shut down.

6:03

>> Nothing about this collapse is random.

6:05

7-Eleven fell in the very sector that's

6:07

been raising red flags to Mark Carney

6:09

for years, warning that the retail

6:11

ground was giving way. Convenience store

6:14

owners told him margins were

6:15

evaporating, operating costs were

6:17

exploding, crime was chewing through

6:19

profits, and Ottawa's own tobacco and

6:21

vaping restrictions were destroying the

6:24

only high margin products keeping small

6:26

shops alive.

6:35

and we are closed again.

6:37

>> Carney still brushed it off. He built

6:40

his political identity on the promise

6:41

that Canadians would feel relief every

6:43

time they walk into a store. Yet now,

6:46

one of the most recognizable storefronts

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in the country is failing under his

6:50

watch. That's why this shutdown

6:52

detonated in Ottawa. It's not this niche

6:54

collapse. It's the street level economy

6:56

cracking in plain view. If Carney can't

6:59

keep something as foundational as a 24/7

7:01

convenience chain alive, what confidence

7:03

should Canadians have in his broader

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economic plan? And that's the truth he

7:07

can't escape. 7-Eleven didn't just close

7:10

locations. It exposed the reality that

7:12

he's been dodging. The pressure

7:14

suffocating Canadian families is now

7:16

suffocating entire chains. And when

7:18

those neon signs go dark, the failure

7:20

isn't just operational, it's political.

7:23

And it leads straight back to him.

7:25

Consider how quickly all this became

7:28

normal. Not just the masks or the lines,

7:31

but how quickly we stopped spending

7:33

unless we had to.

7:34

>> Even with the controlled access, so it's

7:37

always a stressful experience for me at

7:39

least.

7:40

>> That fear and reticence is showing up in

7:42

almost every data point. Today, retail

7:45

sales numbers came in and they're

7:46

predictably ugly. Let's strip away the

7:49

corporate spin. 7-Eleven didn't shut

7:51

stores because it felt like a refresh.

7:54

It shuts stores because the numbers

7:56

didn't make sense. The Canadian economy

7:58

turned into a hostile environment that

8:00

no convenience chain can survive [music]

8:02

in. Foot traffic dropped for months. The

8:04

late night rush disappeared and the

8:06

customer patterns 7-Eleven depend on

8:08

simply broke. Inflation made everything

8:11

worse. Every bill that keeps a 24/7

8:14

store alive. Electricity, wages,

8:17

insurance, deliveries, they all exploded

8:18

at the same time. Meanwhile, the core

8:21

product that keeps convenience stores

8:22

profitable, cigarettes, fell by more

8:25

than 25% over the last few years,

8:27

cutting the heart out of those margins.

8:30

Add rising crime, shoplifting, and the

8:32

cost of extra security. Well, that math

8:35

becomes brutal.

8:38

>> When do you pay? I'll come back.

8:39

>> I just wanted to record this cuz this is

8:41

the only 7-Eleven I've seen in my entire

8:43

life that closed.

8:45

>> So, when 7-Eleven pulled the plug, it

8:47

wasn't a mystery to me. It's literally a

8:49

symptom. A global retail giant looked at

8:52

the reality on the ground and decided

8:54

Canada wasn't worth the fight anymore.

8:56

That's really what should terrify

8:57

Ottawa. When a company built for thin

8:59

margins, high volume, and non-stop

9:02

traffic collapses under your economic

9:04

conditions, that means the foundation

9:06

itself is fractured, probably even

9:08

cracked. And 7-Eleven just proved it.

9:10

It's going to be an inconvenience cuz

9:11

now there's like there's not going to be

9:14

anything like cuz usually they're open

9:16

24 hours.

9:17

>> In anticipation of the doors shutting

9:19

for good, these permanently closed signs

9:21

are already up at two of the stores. And

9:24

at all four, some of the store shelves

9:26

are empty or the shelves themselves have

9:28

already been pulled down.

9:30

>> 7-Eleven is basic.

9:31

>> What makes this collapse even more

9:32

humiliating for Canada is one simple

9:34

truth. A Canadian company, Koshtar, the

9:37

giant behind Circle K and Max, launched

9:40

a massive $46 billion bid to buy

9:43

7-Eleven's Japanese parent and bring the

9:45

entire global chain under Canadian

9:47

ownership. That deal would have changed

9:49

everything. If it would have went

9:50

through, Canada wouldn't be sitting here

9:52

watching their stores close. Canon would

9:54

be the ones deciding which stores

9:55

survive, which stores evolve, and how

9:57

the network grows. Instead, Japan shut

10:00

the door, rejected the offer, and kept

10:02

full control. And just months later, the

10:04

closure wave hit North America with

10:06

Canada having zero say in which

10:08

communities got wiped off the map.

10:10

>> Canada's food banks are sounding the

10:12

alarm, releasing a staggering new report

10:15

that shows monthly food bank visits have

10:17

doubled since 2019.

10:20

>> That's why the shutdown feels like a

10:22

national gut punch. Canada almost owned

10:24

the chain, almost controlled its

10:26

direction, almost secured its footprint,

10:28

and instead it's now watching the

10:30

international boardroom decide which

10:32

towns lose their 24/7 lifeline. The

10:34

message is brutal but honest. Ottawa

10:36

doesn't control the future of its own

10:38

retail backbone anymore. So, what else

10:40

does? When a giant like 7-Eleven shuts

10:43

down, it's not just a business story.

10:45

It's a community shock. These stores

10:47

aren't luxury boutiques or seasonal

10:49

pop-ups. They are the daily and the late

10:52

night constants. The brightly lit corner

10:54

that makes your neighborhood feel alive,

10:56

make it feel safe and connected. And

10:58

when those lights go out, the impact

11:00

isn't theoretical, it's instant.

11:02

>> Canada, there was always a bay. So now

11:04

all of a sudden there is no bay. So we

11:05

don't know like where to shop um in

11:08

department store anymore. Not only the

11:10

bay, but uh everybody's losing their

11:12

jobs. Like [music] my friends are losing

11:13

their jobs as well.

11:14

>> We're all living through uh you know,

11:16

tougher, harder times. And uh you know

11:19

we feel for you.

11:20

>> Jobs disappear overnight. Not just the

11:22

cashiers though. Delivery guys, drivers,

11:25

cleaning crew, local suppliers, security

11:28

contractors, small bakeries, everyone is

11:31

tied into that ecosystem. Streets get

11:33

darker, foot traffic drops, and the

11:35

little pockets of safety that 24/7

11:38

stores create start to vanish. In

11:40

Alberta, Manitoba, and the prairie

11:42

towns, where 7-Eleven is basically

11:44

stitched into daily life, the loss hits

11:46

really hard. In some areas, this isn't

11:48

one less option. It's literally the only

11:51

option gone.

11:52

>> 7-Eleven officials told them in a

11:54

meeting last week, 10 stores could be on

11:56

the chopping block because of financial

11:58

losses due to theft and crime.

12:00

>> One store has experienced like $300,000

12:03

worth of theft. They just come in there,

12:05

they take whole shelves. The Winnipeg

12:07

Chamber of Commerce says it has had

12:09

discussions with 7-Eleven about the

12:11

retail theft problem, and it's not

12:13

surprised by the threat of 10 possible

12:15

closures. And the emotional punch is

12:17

real. These stores aren't fancy, but

12:19

they are familiar to us. They're the

12:21

place kids grab snacks after school, the

12:23

place parents stop on the way home, the

12:26

place where you run to at midnight

12:27

because everything else is closed. When

12:29

that brand is woven into the culture and

12:31

it starts vanishing, it sends a message

12:33

that no politician can spin. The

12:35

everyday life Canadians rely on, it's

12:38

breaking in places that Ottawa doesn't

12:39

even look at.

12:41

>> How is the business community reacting

12:42

to the prospect of these potential

12:44

closures?

12:45

>> The Winnipeg Chamber of Commerce says

12:47

it's not surprised by these revelations.

12:50

It says it's time to stop treating these

12:52

crimes as if they are victimless.

12:54

In the evening and overnight, this

12:56

7-Eleven on Salter and Flora locks its

12:58

doors. Customers are served through this

13:00

window. So, we've got to stand at the

13:02

window for like at least depends on how

13:04

many people are standing there waiting.

13:06

>> Regular Samantha Bushie says, "And the

13:08

truth is simple. 7-Eleven didn't

13:10

collapse in isolation. Every convenience

13:12

store in Canada has been getting hit

13:14

with the same wave. Rising crime, higher

13:17

operating costs, and Ottawa's own

13:20

restrictions wiping out their highest

13:21

margin products. Retail theft surged,

13:24

forcing stores to spend more on staff

13:26

and security. Electricity, insurance,

13:29

wages, and rent all climbed at the same

13:31

time. It erased what little profit that

13:34

these stores had left.

13:35

>> But in recent years, many in Quebec,

13:37

especially independentlyowned stores

13:40

have been forced to close up shop. A

13:42

website called Depp Quebec tabulated

13:44

that 550 have shut down in the past 2

13:47

years.

13:48

>> A declining of tobacco sales, lottery

13:50

sales, but above all, excessive

13:53

government regulation. I used to sell

13:56

this chocolate 449

13:59

something like that. Now

14:02

$6.99 and then Ottawa tightened the

14:05

vaping and tobacco rules gutting the

14:07

last dependable revenue stream in the

14:09

entire sector. At that point the math

14:12

ain't math. If the biggest most

14:14

effective convenience chain in the

14:15

country couldn't survive these

14:16

conditions, smaller stores never stood a

14:19

chance. The shutdown isn't a surprise.

14:21

It's proof that Canada's retail base is

14:24

breaking under the weight of policies

14:26

and costs no businesses can absorb.

14:28

>> Take care, buddy. Thanks. Thanks, guys.

14:30

Thank you. Have a nice day.

14:31

>> At Brigesh Patel's convenience store,

14:33

well, it's called a deponer. In Quebec,

14:35

candy and lotto tickets come with a

14:37

large helping of friendly service.

14:39

>> I come for him honestly. And I'm not

14:42

joking around. He's very nice. He's very

14:44

polite, you know. He's like he's like

14:46

family. Like, you know, he makes you

14:47

feel like family.

14:49

But the cash register isn't ringing as

14:51

it once did. Patel says business is down

14:54

nearly 25% this year alone.

14:57

>> 7-Eleven's collapse isn't just a retail

14:59

issue. It's [music] proved Canada's

15:01

everyday economy is breaking where

15:03

Ottawa refuses to look. Prices climbed,

15:06

shelves thinned, supply chains cracked,

15:09

and now even 24/7 corner stores are

15:12

disappearing. When a global chain built

15:14

per thin margins can't function here,

15:16

the problem isn't the brand, it's the

15:18

country. 7-Eleven's exit is the warning

15:22

shot that bigger failures are already

15:24

moving in.

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