I call bullshit. Loblaws steals a killing in profits pretty much every year - even through COVID. They don’t need to raise shit - the tariffs are just a scapegoat for their greed.
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.
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.
That’s exactly this. They used covid manufacturing stoppages and shipping bottlenecks as excuse. Now they will do this again.
I’d say this is more of a reason to buy Canadian but I’m sure they’ll raise prices on that too.
It’s loblaws, of course they will.
We’re buying as many Canadian products as possible, but our grocery bill is already higher than it used to be. Even though we buy less. If prices go up anymore, I’m not sure what else we’ll have to cut out.
A family member in BC bas already stopped buying more than one type of fruit because they can’t afford it.
Rrrrroblaws. Says it all
I’ve been avoiding Loblaw stores and Walmart for a couple years now.
There are many big chains, I’m a bit sad to give up Costco when my membership lapses to boycot US but I will go to saveonfoods and my local markets instead.
Bob Loblaw owns stores?
No.
His brother, Blob Loblaw, does.
Aka, the spreading infestation known as the Weston family.
