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Buy Canadian shopping trend starting to lose some steam: Metro CEO
- Metro CEO Eric La Flèche stated the buy Canadian trend is starting to lose some steam, although consumers still prefer local products.
- Higher tariffs imposed by the U.S. and Canada's counter-tariffs have led to increased prices for around 3,000 products, prompting price increase requests from food suppliers.
- Metro Inc. reported a third-quarter profit of $323 million, an increase from $296.2 million in the same quarter last year.
- Analyst Irene Nattel described Metro's results as solid and consistent, highlighting the company's track record in delivering predictable results.
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Metro CEO says 20% of grocer’s suppliers raising prices due to tariffs
Metro says about a fifth of its grocery store suppliers have begun raising prices as a direct result of tariffs and counter-tariff measures from the trade war sparked by United States President Donald Trump. The company said that although it is working to keep prices relatively stable, customers may still start to see sticker prices rise. “The introduced tariffs and counter-tariffs are a contributing factor to food inflation as we continue to re…
Coverage Details
Total News Sources15
Leaning Left6Leaning Right1Center1Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
13%
13%
Factuality
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