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Loblaw president says weak dollar means higher prices at the grocery store

2015-05-06 20:38:03| Grocery - Topix.net

Customers shopping for groceries should prepare to pay more as stores pass on the rising costs of the weak Canadian dollar, Loblaw Companies president Galen Weston Jr. said Wednesday. In a corporate earnings call, Weston said international suppliers are putting pressure on the company to raise prices to offset the fall in the Canadian dollar, which has lost more than a 10th of its value against the greenback since July 2014.

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