Weak Loonie, Trade War Could Drive Food Prices Higher: Metro

Weak Loonie, Trade War Could Drive Food Prices Higher: Metro
People shop inside a Metro grocery store in Toronto, on July 18, 2023. The Canadian Press/Cole Burston
The Canadian Press
Updated:
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Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for fresh food, said chief executive Eric La Flèche.

“The dollar is the big worry,” La Flèche said at a press conference following the grocer’s annual general meeting.