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
Hardlines Conference goes west in 2023
Thu, June 30th, 2022
Spectrum Brands sales team sees transitions
Thu, June 30th, 2022
Napoleon CFO promoted to president
Thu, June 30th, 2022
Quebec hardware stores spared inventory glut
Thu, June 30th, 2022
TIMBER MART welcomes B.C. member
Wed, June 29th, 2022
Experts forecast summer drop in lumber prices
Wed, June 29th, 2022
Inflation, housing prices squeeze renovations
Tue, June 28th, 2022
spoga+gafa attendance rebounds
Tue, June 28th, 2022
Featured Classified: Kidde Canada
Tue, June 28th, 2022
Intertape Polymer cleared to go private
Mon, June 27th, 2022