Tariffs hitting shoppers in Canada and U.S., with some prices set to rise at Loblaw stores, Walmart
Tariffs hitting shoppers in Canada and U.S., with some prices set to rise at Loblaw stores, Walmart
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Loblaw has been aggressive in marking which products are affected by tariffs, a tally it has so far limited to a little over 1,000 items. But that total will rise to more than 3,000 within the next week or two, and could peak at over 6,000 within the next two months, according to Bank's post.
Tariff-affected items will still account for a small share of the roughly 80,000 items the company stocks, but customers will notice changes in categories including natural foods, pantry staples and health and beauty products, he said.
The solution seems simple: these stores need to stop bringing in products from the US, and consumers need to stop buying American goods.
It's a tiny fraction of what they carry, and alternatives from Canada or other countries can be sourced, and would be more affordable than American goods with tariffs on them.
But these companies won't do that, because they need a reason to raise prices on everything... tariffs or not.
That's exactly this. They used covid manufacturing stoppages and shipping bottlenecks as excuse. Now they will do this again.
Nailed it.. inflation is godsend for corporations as they can raise their price above inflation and just blame on inflation as the root cause of everything
Also the fact its usually from government stimulus, and the CPI dramatically undercounts real inflation. Rent up 50%, food and restaurants up 50%, yet somehow inflation was only 20% the last 5 years according to Stats Canada.
Goods prices rose, our government does mass immigration to keep salaries depressed; this turns into economic growth as more people are employed for less money and we're all individually poorer, as capital shallowing is occurring due to central planning.