
Sask. food banks feel the squeeze as tariffs tighten the belt
Food banks in Saskatchewan are preparing for a rise in demand as a growing trade war between Canada and the United States threatens to push grocery prices higher, making it harder for people to put food on the table.
U.S. President Donald Trump signed an executive order Thursday pausing tariffs on certain Canadian imports that meet Canada-U.S.-Mexico Agreement requirements for the auto industry. The order also lowers tariffs on potash to 10 per cent.
With the tariffs set to take full effect soon, Co-op CEO Heather Ryan said in the company’s annual meeting on Monday that grocery prices could rise in the coming days.
“There will be costs if these tariffs come into play and how that plays out remains to be seen,” Ryan said. “If there’s a flat tariff put on things, it does have to be covered at some point. So there will be shared costs. Consumers across North America are going to see an impact to prices.”