Canadians should brace for higher prices on everything from soda to soup as manufacturers begin to feel the impact of the U.S.-Canada trade war and pass on the cost of aluminum and other tariffs to retailers.
PepsiCo Beverages Canada recently advised retailers that it plans to raise its prices by about a penny per can, starting at the end of July.
In a letter sent to retailers in late June, the beverage giant cited tariffs the Canadian government recently implemented on a range of products, including the aluminum that makes the cans that holds the company’s drinks.
Those tariffs were themselves in retaliation for levies the Trump administration put on Canadian metal products, specifically a 25 per cent tax on steel and a 10 per cent tax on aluminum.
Read full story here: Prices For Canned Goods About To Go Up In Canada As Tariffs Start To Bite | CBC News
