The trade war between Canada and the U.S. is leading to higher grocery prices, particularly for independent grocers who operate on thin profit margins. Experts like Gary Sands note that perishable items facing tariffs are seeing quick price hikes. The Canadian government's response to U.S. tariffs included imposing 25% tariffs on $30 billion worth of U.S. goods, which has influenced the grocery supply chain. Data shows a rise in food prices, indicating that tariffs are impacting consumer costs, as highlighted by agricultural experts.
When you're on that kind of a margin, if you're being handed increases by the food manufacturers of, you know, four or five, six, sometimes double-digit [percent] increases, you're passing that on to the consumer and there's just no way to get around that.
We've had this threat of tariffs really since early February now. It's on and it’s off and it’s on and it’s off, so I think that uncertainty is affecting purchasing behaviors.
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