We hate to be the bearer of bad news, but grocery prices are expected to continue rising in Canada amid U.S. President Donald Trump's tariffs, according to the latest report by Loblaw Companies Limited. In the report, Loblaw said that thousands of everyday items are set to rise in price. While this isn't the best news for Canadians trying to reduce their grocery bill, the grocery giant did add that it could have been a lot worse. "Indirect tariffs were of significant concern for food prices, given the widespread use of imported ingredients — such as chocolate chips or peanuts — in Made in Canada products. Additionally, in last month's report, Loblaw said, "While the impact of Canada's counter tariffs was minimal on food prices in March, as retailers sell through existing inventories, higher prices will begin appearing on shelves."