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Loblaw warns of surge in tariff-hit food products
- Loblaw Cos. warned on May 14, 2025, that tariff-affected grocery products will surge soon as pre-tariff stock runs out in Canadian stores.
- This surge follows the Canadian government’s $60 billion in counter-tariffs on U.S. goods and recent policy changes limiting tariffs to finished food products.
- Loblaw has identified around 1,000 products impacted by tariffs, primarily within categories such as organic items, basic grocery supplies, and personal care goods, out of the approximately 80,000 products it offers.
- Per Bank noted that tariff-affected products will make up only a minor portion of the company’s inventory, which totals about 80,000 items, though customers should anticipate an overall price increase of approximately 3%.
- Experts recommend building a tariff pantry with long-lasting staples like canned goods, grains, and spices to offset rising grocery costs amid ongoing tariff uncertainty.
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Loblaw Warns of Surge in Tariff-Hit Food Products as Pre-Tariff Inventory Runs Out
The head of Loblaw Cos. Ltd. says the company expects a surge of tariff-related price increases at its stores as its pre-tariff inventory runs out. Chief executive Per Bank says that so far, the company has limited the number of tariff-hit products to a little over 1,000 but that within the next week or two it will rise to over 3,000, and could peak at over 6,000 within then next two months. He says in a LinkedIn post that it will still be a sma…
·New York, United States
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Coverage Details
Total News Sources37
Leaning Left19Leaning Right4Center5Last UpdatedBias Distribution68% Left
Bias Distribution
- 68% of the sources lean Left
68% Left
L 68%
C 18%
14%
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