financetom
Business
financetom
/
Business
/
Canada's Loblaw says more products to see price hikes due to Trump tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada's Loblaw says more products to see price hikes due to Trump tariffs
May 26, 2025 8:11 AM

May 14 (Reuters) - Canadian retailer Loblaw ( LBLCF )

warned on Wednesday that prices increases will affect more

products as U.S. President Donald Trump's tariffs put pressure

on supply-chain costs for companies.

As companies in categories such as packaged food and

consumer goods raise prices, Loblaw ( LBLCF ) said in March products

affected by tariffs would be marked with a "T" symbol.

The number of items bearing the "T" symbol is expected to

jump to more than 3,000 in the next few weeks and to exceed

6,000 in the next two months, Loblaw ( LBLCF ) CEO Per Bank said in a

LinkedIn post on Wednesday.

The company's stores collectively carry about 80,000 items,

of which nearly 1,000 are marked with the "T" symbol.

"We will be facing a large wave of tariff-related increases

in the weeks ahead... It's been good to see Prime Minister

(Mark) Carney and other leaders engaging in dialogue with U.S.

officials, as we're all hoping for a rapid de-escalation of this

situation," Bank said.

Loblaw's ( LBLCF ) customers are likely to see greater impact in

categories including natural foods, pantry staples and health &

beauty products, Bank said, adding that consumers are shifting

their purchases away from some U.S.-sourced products.

Canada imposed a range of counter-tariffs on U.S. imports in

response to Trump's 25% tariffs during a trade altercation that

has led to increased unemployment in Canada's export-dependent

economy and sparked fears of a recession.

While Trump announced pauses on reciprocal tariffs for

several countries, signed a limited bilateral trade deal with

the U.K. and temporarily cut tariffs on China, there has been

little respite from the levies imposed on Canada.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Axonics defeats Medtronic lawsuit in spine-stimulation patent trial
Axonics defeats Medtronic lawsuit in spine-stimulation patent trial
Sep 25, 2024
Sept 19 (Reuters) - Medical device maker Axonics ( AXNX ) has convinced a jury in California federal court that it did not violate rival Medtronic's ( MDT ) patent rights in nerve-stimulation technology. The jury agreed with Axonics ( AXNX ) on Wednesday that its R15 neurostimulation system did not infringe Medtronic ( MDT ) patents related to its...
Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy - What's The Benefit?
Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy - What's The Benefit?
Sep 25, 2024
Plug Power Inc. ( PLUG ) shares are trading higher today. The hydrogen solutions provider launched an equipment lease financing platform. The company aims to raise over $150 million in the near to mid-term through a combination of debt leverage and customer financing solutions. The platform is designed to unlock capital from Plug’s equipment assets and offer financing options to drive sales...
Energy Meets AI: Schlumberger Teams Up With NVIDIA To Supercharge Industry Efficiency
Energy Meets AI: Schlumberger Teams Up With NVIDIA To Supercharge Industry Efficiency
Sep 25, 2024
Schlumberger N.V.’s shares gained today after the energy giant joined forces with NVIDIA Corporation ( NVDA ) to unleash groundbreaking generative AI solutions. The companies plan to develop generative AI solutions for the energy industry. With the development, Schlumberger ( SLB ) will focus on areas such as subsurface exploration, production operations, and data management. The partnership speeds up the...
Oppenheimer Holdings to Redeem $113 Million of Senior Notes Due 2025
Oppenheimer Holdings to Redeem $113 Million of Senior Notes Due 2025
Sep 25, 2024
10:40 AM EDT, 09/19/2024 (MT Newswires) -- Oppenheimer Holdings ( OPY ) said Thursday it sent a notice to holders of its 5.50% senior secured notes due 2025, indicating its intent to redeem about $113.1 million on Oct. 10. The redemption price will be 100% of the principal amount, plus any accrued and unpaid interest, the company said. Once the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved