Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for fresh food, said chief executive Eric La Flèche.
“The dollar is the big worry,” La Flèche said at a press conference following the grocer’s annual general meeting.
“There’s a consequence on our costs if the Canadian dollar weakens … we’re feeling that pressure.”
The company tries to buy Canadian and local as much as it can, he said, “but there are certain products, especially at this time of year, that we don’t produce in Canada and we don’t sell in Canada.”…