Buying Your Groceries In Canada Is About To Get Much More Expensive
Putting dinner on the table may no longer be in your budget.
It's no surprise that there's been a price hike across the country recently, especially since the Canadian government imposed tariffs last month on most goods from the U.S. If you haven't been effected by higher prices yet, chances are you're going to be pretty soon.
Just yesterday you found out how it's basically, so you may be a bit blindsided when you hear that you won't even be able to afford to buy groceries anymore. This isn't just in Montreal alone, but country-wide. So unless you choose to move out of Canada for cheaper prices on food, you're completely out of luck.
The specific grocery store intending to drastically raise their prices is Metro, owner of other chain stores in Montreal such as Jean Coutu. The company is currently trying to negotiate with suppliers and pricing, but it honestly doesn't look too good.
Other factors across the country, like the new $14 minimum wage in Ontario, is putting even more pressure on grocery prices rising.
If you thought it couldn't get any worse, Sobeys Inc. has also predicted that prices on groceries in there stores will also be increasing due to pending tariffs with the U.S. If you think you won't be effected by that, just remember that IGA, the most widespread grocery store within Montreal, is owned by Sobeys.
Canned goods and other products sold in aluminum will be the first to represent the massive price increase. This includes the giant Campbell Company of Canada as well as Molson Coors Brewing Company. Yes, beer might actually become too expensive to afford.
Although Canadian grocery chains are trying their best to keep prices down, it's truly inevitable to avoid having to pay more within the next couple months. Lets just hope Canadians don't have to start sacrificing food because it's no longer accessible to them.