Grocery chains find many reasons to justify price increases

Metro Inc, Loblaws and Empire (owner of Sobeys) were weeping tears of apparent sadness Tuesday as they cited rising minimum wages and new trade tariffs at the US-Canada border for increased prices now and in the near future. “Exactly when and how — it’s all about competitive dynamics. Everybody is competitive. Nobody wants to lose any share. So, let’s see how things play out,” said Metro Inc. boss Eric La Fleche. The executives met at Scotiabank’s back-to-school conference in Toronto. National Post