Sales of US goods ‘rapidly dropping’ at Canadian grocery stores
- Empire Co. Ltd.'s CEO, Michael Medline, stated that U.S. Product sales are "rapidly dropping" as customers choose Canadian products to support the local economy amid a trade war.
- The company reported a profit of $146.1 million for the third quarter, an increase from the previous year, with sales totaling $7.73 billion.
- Medline noted that while alternative products exist, replacing produce is challenging and emphasized the risk of increased costs due to tariffs.
- Loblaw, a competitor, experienced similar declines in sales as both companies adapt to shifting consumer preferences amidst ongoing tariffs and economic uncertainties.
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16 Articles
16 Articles
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6
Center
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3
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Total News Sources16
Leaning Left6Leaning Right3Center2Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 18%
R 27%
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