Hi, everybody. I'm Jay Sole, UBS' Retailing Department Stores and Specialty Softlines analyst, and welcome to the UBS 2026 Global Consumer and Retail Conference. Really excited that you're here.

The Toronto Parking Authority, which manages the program, revealed those details in its 2025 Business Review and 2026 Annual Operating Plan presentation on Wednesday.

The iconic coffee giant launches a tiered loyalty system on March 10, bringing back Gold status and adding elite perks.