Since Stephen Poloz took charge at the Bank of Canada, the loonie has dropped 7 per cent on the back of the Governor’s enthusiasm for higher consumer prices. A key question facing investors in the grocery area is whether or not retailers can pass along resulting higher costs of imported food to customers. Insider signals at Metro Inc. suggest it might be tough. Over the last 90 days, seven insiders at Metro have sold 67,886 shares in the public market at an average price of $63.87.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.