NATIONAL — Expect prices at checkout to increase over coming weeks, as retailers struggle with the impact of the weakening Canadian dollar. According to the Globe and Mail, a recent survey found that 70% of retailers would raise prices up to 5%, while another 18% of respondents said they would raise prices even more than that. Suppliers are getting price increases finally this season. RONA president and CEO Robert Sawyer says his company has managed to keep prices stable until now, but that won’t continue.
Weak loonie will mean higher retail prices
Most Recent
Most Read
GMS acquires Florida distributor
Fri, August 30th, 2024
Loblaw pilots sitting cashiers
Fri, August 30th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, August 30th, 2024
Home Hardware dealer garners NHPA's Young Retailer Award
Thu, August 29th, 2024
GMS posts Q1 results
Thu, August 29th, 2024
NHPA conference presents strategies for weathering bad times
Thu, August 29th, 2024
More Canadians say they’re bagging their own groceries
Thu, August 29th, 2024
RONA Foundation launches campaign
Thu, August 29th, 2024
Throwback Thursday: 10 years ago, Orgill show in Chicago reflected hardlines "turbulence" in Canada
Thu, August 29th, 2024
Tando Composites names Reese Wholesale as flagship dealer
Wed, August 28th, 2024