Canadian grocery giant Metro Inc. is already facing pressure from suppliers to accept higher prices in light of a recent tariff war with the United States and consumers should expect slightly higher food bills in the future, its CEO said Wednesday.
"We're starting to get demands from some suppliers who are, whose products will be, affected by the new tariffs," Eric La Fleche said during a conference call with analysts Wednesday after the company released its third-quarter earnings report.
The Canadian government implemented tariffs on Canada Day on a number of American-made goods, including yogurt, orange juice and maple syrup, in retaliation for U.S.-government imposed tariffs on Canadian steel and aluminum products, which are also putting pressure on some Canadian food manufacturers.
To read the rest of the story, please go to: The Canadian Press
