The CEO of the company that owns Sobeys says the grocery chain was a “a little slow on the trigger” to pass on the higher cost of food to consumers due to tariff costs, but it will inevitably happen in the future.
Empire Company Ltd. CEO Michael Medline says Sobeys has multiple suppliers that send the company letters each week wanting to pass on price hikes due to recently implemented tariffs
The federal government announced it would impose retaliatory tariffs on July 1 on a wide range of American products in response to U.S. tariffs on some Canadian steel and aluminum products.
The Trudeau government targeted yogurt, coffee, maple syrup, cucumbers, salad dressing and other food items.
Medline says rising freight charges and increases in minimum wage in certain provinces are creating additional pressure.