15:10:34 EDT Mon 31 Aug 2026
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Loblaw Companies Ltd
Symbol L
Shares Issued 1,156,622,476
Close 2026-08-28 C$ 60.42
Market Cap C$ 69,883,130,000
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Globe says tariffs hit orchid supplier to Metro, Loblaw

2026-08-31 07:43 ET - In the News

See In the News (C-MRU) Metro Inc

The Globe and Mail reports in its Saturday, Aug.29, edition that Orchid Green, located in St. Catharines and Niagara-on-the-Lake, Ont., does 40 per cent of its business with the United States. A triple-bylined item led by Pippa Norman reports that Orchid Green grows plants at its greenhouses, totalling 350,000 square feet of space during its peak season. Many of its orchids go to Canadian buyers, including grocery chains such as Loblaw and Metro, but nearly half are destined for the U.S. Mr. Trump's new 50-per-cent tariffs affect roughly $210-million worth of Canadian flower exports to the U.S., according to Flowers Canada Growers, the Canadian floral industry's national trade association. The new tariffs have forced Guann Chen, the owner of Orchid Greens, to sell some of his plants practically at a loss. Mr. Chen doesn't feel that he has a choice. Orchids are perishable goods and his company needs the revenue to pay his employees. The company has hiked prices for its American clients, but it's absorbing about half of the cost of the new tariffs itself. A few customers have already cancelled their orders. "For us to be able to survive this, with a 50-per-cent tariff, is unlikely if it's long term."

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