A trip to the store is about to become more expensive for shoppers on both sides of the 49th parallel, as pre-tariff inventory runs out at Loblaw stores and Walmart is set to raise prices in the U.S.
Loblaw Cos. Ltd. chief executive Per Bank said Wednesday in a LinkedIn post that the number of tariff-hit products at the grocery store could soon spike, as products brought into Canada before the trade war began are bought up from store shelves, which means prices for some items will go up, too.
Meanwhile, Walmart said it must raise prices in U.S. stores due to higher costs from tariffs implemented by U.S. President Donald Trump, after announcing its first-quarter profit slipped.
Loblaw has been aggressive in marking which products are affected by tariffs, a tally it has so far limited to a little over 1,000 items. But that total will rise to more than 3,000 …