Originally Posted by
Andit
We'll see whether the trade deals with Europe change things (if they ever get off the ground). I'd prefer the dollar be at $0.90ish US - good for manufacturing and tourism & still low enough for consumers.
In terms of day to day living & food prices in general, I don't see costs going up significantly. I can still remember wanting raspberries on my b-day when I was quite young & my parents explaining that $6 for a tiny amount was not in our budget. Now, they routinely go on sale for less than $2 a box in the dead of winter. A few years back, there were a few stores that increased the price of bread by 20%, then within a few months, the price went back to normal (if I recall correctly, it was a bad year for grain crops). There are quite a few items in the grocery store that haven't increased their costs in years, so there might be a bit of a change, just in keeping with general rates of inflation. As for Sobeys, the one near me closed to make way for condos (the building was in need of major repair and they didn't want to put any money into it) - I miss their baked goods and deli section, but the prices were still quite high compared to NF or FreshCo (the NF moved in across the street and took away some business, same as they did when they moved in across from Rabba).
As for Target and Sony closing, both had flawed business models. Sony was always too expensive for what they offered, especially in an age when most shopping for electronics is done online. Target came in without due diligence, at least in my Mom's neighbourhood (in one location, Target was to take over an old Zellers and kept everyone on the hook until they scrapped the idea, when Walmart came along, gave the old Zellers employees jobs & set up shop, the other location just never opened). I realize they were under time constraints to set up shop, but opening up too many stores at once is a recipe for disaster.
jmho, for what it's worth.