Sobeys says food prices are rising because of Trump

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    As if Toronto wasn’t too costly to reside in already, it seems to be like pricier groceries in any respect the big-name manufacturers are now just about inevitable.

    The father or mother firm of grocery chain Sobeys, Empire Firm Ltd., stated yesterday that prices will quickly be going up to cowl transportation and tariff-related prices, which have risen since Prime Minister Trudeau and President Trump started their commerce battle months in the past.

    The announcement follows comparable statements from Loblaws, who has beforehand stated they’re going to be elevating prices to offset the retaliatory taxes imposed on U.S. imports like espresso and jam by the Canadian authorities. Identical goes for grocery chain Metro. 

    Empire instructed analysts that rising minimal wage and freight prices would additionally influence Sobeys’ prices following the discharge of its first quarter-earning outcomes yesterday: $95.6 million, up from final yr’s $54 million. 

    Till cross-border relations thaw, it seems to be like Canadians must pay extra out of pocket for these American items. Perhaps it is time to ditch the large chains and store native, or hit up some non-North American worldwide grocery shops as an alternative.

    https://www.blogto.com/eat_drink/2018/09/sobeys-food-prices-rising-because-trump/

     

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