The Canadian dollar has been steadily weakening for months amid threats of sweeping tariffs from Trump and talk of retaliatory tariffs by Canada.
U.S. President Donald Trump's threat to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada . Anne Gaviola has more on what a looming tariff battle could mean for pocketbooks and household budgets across the country. Metro is in “wait and see” mode ahead of potential tariffs from new U.S.
Potential trade war aside, La Flèche was optimistic about growth in the coming year for Metro as it exits what he calls a “transition year.” “However, we’re seeing the gap narrow as we cycle our strong discount performance over the past three years,” he told investors on a conference call discussing the results.
Donald Trump Tariffs Grocery Prices Metro Canada Consumer Economy Money
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Tariffs' Impact on Metro Vancouver Real Estate Seen as Short-LivedA new report suggests that the impact of former U.S. President Donald Trump's tariffs on the Metro Vancouver real estate market is likely to be short-lived.
Read more »
Impact of Trump tariffs on Metro Vancouver real estate likely short-lived: reportVANCOUVER — A residential market sales forecast by Greater Vancouver Realtors says the impact of possible tariffs from the United States would likely be short-lived.
Read more »
Metro CEO Cautious on Trump Tariffs and Loonie WeaknessMetro's CEO expresses concern over potential US tariffs under President Trump and the weakening Canadian dollar, particularly as Canada relies heavily on the US for food imports. While Metro aims to source Canadian products, some staples are imported, making the company vulnerable to rising costs. Despite trade uncertainty, Metro remains optimistic about growth, citing recent supply chain investments and expansion of its loyalty program. The company plans to open 12 new stores in 2025, focusing on discount banners.
Read more »
Alberta Delays Tax Cuts Due to Volatile Oil PricesAlberta Premier Danielle Smith announced on her radio show that planned tax cuts will be delayed until 2024 due to the instability of oil and gas prices. The UCP government had promised significant tax reductions during the 2023 election, but the current lower oil prices necessitate adjustments to the budget.
Read more »
Lara Trump Claims Democrats Are Lying About Peaceful Transition After Trump's RefusalLara Trump, former co-chair of the Republican National Committee, accused Democrats of lying about wanting a smooth and peaceful transition of power after the 2020 election. This comes after former President Trump continued to falsely claim the election was stolen and refused to concede, inciting violence on January 6th. Trump's hypocrisy was widely criticized on social media.
Read more »
Trump Appears To Blame Hezbollah For Pro-Trump Violence On Jan. 6Ryan is a national reporter at HuffPost -- one of few who have the good fortune to work from the site's Denver office.
Read more »