Top Stories Continued
LXRandCo, Inc., an international omni-channel retailer of branded vintage luxury handbags and accessories, announced that new President and Chief Executive Officer, Steven Goldsmith, will present the Company's updated strategic plan at its annual meeting of shareholders on June 13, 2018 at 10:30 a.m. ET in Montreal at the offices of Norton Rose Fulbright, 1 Place Ville-Marie, 28th Floor.
This trade war appears to be moving into agrifood, one of the most sensitive economic sectors when it comes to trade. Of the 84 items mentioned on Canada’s “Table 2” list of products that would be subject to tariffs, 23 are food products. History has shown us that trade wars are not kind to consumers when agriculture and food products are targeted. Food inflation tends to skyrocket when barriers are erected and, as Canada imports more than $25-billion worth of agrifood products from the United States, consumers will feel the pain. Fruits, nuts, vegetables, beverages and baked goods represent a big portion of those imports, but, interestingly, none of those items are mentioned in Ottawa’s recently issued notice of intent. In other words, it is highly unlikely these countermeasures will become a threat to Canada’s food security.