The SAQ is raising prices soon, citing various factors like currency strength and logistics.
First off, there’s a strike at the Port of Montreal, which is messing with shipping costs. Then, the American dollar is strong right now, making imports pricier. Plus, they’re updating the bottle deposit refund system, which adds to the costs.
The SAQ wants to give everyone a heads-up, so they announced this early. The first price hike is set for February 16, just after the GST tax break ends. Most products will see a jump, except for those cheap wines under $12.
They mentioned that the price increase helps cover their operating costs and ensures they can send money back to the Government of Quebec.
Another price bump is coming on March 1. This one will affect things like plastic and aluminum containers that have a deposit refund, products bought in U.S. dollars, and some local items.
The reasons for this second increase are similar: changes in the U.S. exchange rate and costs related to the new deposit system. You can check their website for the exact price changes starting February 10 and February 24. It’s a lot to take in, but at least they’re keeping us in the loop!
