A Canadian retail chain that made its name by selling things for a dollar is raising some of its prices to $5.
In its quarterly results on Wednesday, famously cost-conscious Montreal-based retailer Dollarama showed it is not immune to the inflationary pressures that every part of the economy is feeling right now by revealing it soon plans to sell items that cost up to $5.
At present, the most expensive items the chain sells cost $4, and most cost less than that.
“This will enable the corporation to maintain and enhance its broad product assortment and compelling value,” the company said.
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