Government calls for meeting with CEOs of Canada's biggest grocery chains to talk food prices
Government calls for meeting with CEOs of Canada's biggest grocery chains to talk food prices
And nothing will come of it.
I don’t think so. The elections are in two years and the Liberals are losing in the polls. I think they want a win to reverse the trend.
I expect shit gets done in the next couple years. Good, bad, happy or sad remains to be seen, but they'll be grinding the crank hard.
Costco really has nothing to apologize for; they're the only chain that hasn't been jacking prices like there's no tomorrow. They're not much above pre-pandemic levels on a lot of the items I buy. Things like dairy are nearly half the price of shitbirds like Safeway.
Some things went incredibly high even at Costco. The canned chicken went from 13-14 dollars up to 21 dollars. I haven't bought it since but it's probably smaller as well.
That said Costco staples have stayed much closer to original price than every other supermarket I've been in.
A lot of products I buy shrinked in size since the beginning of the year. Kirkland toilet paper for instance has less sheets per roll (from 425 to 380)... so I'm not sure they have nothing to apologize for..
I noticed that on shop towels a little before covid. I sent an email and got no reply. But for the most part, Costco has held the line with only a few shrinkflation items.
hopefully it results with some actions being taken rather than promises being made
promises means jack shit atm
Deferring action until it's forgotten. Nice move Justin.
didn't we already have this dog and pony show?
This is the best summary I could come up with:
The federal government says it expects the heads of five of Canada's biggest grocery chains to attend a meeting in Ottawa on Monday to discuss ways to stabilize food prices.
The office of Industry Minister François-Philippe Champagne told CBC News it asked the CEOs of Loblaw, Sobeys, Metro, Costco and Walmart to attend in person.
"It's not okay that our biggest grocery stores are making record profits while Canadians are struggling to put food on the table," Trudeau told a press conference Thursday.
Karl Littler, senior vice president of public relations with the Retail Council, told CBC News Network's Power & Politics that grocers are also facing higher costs.
After spending months examining Canada's grocery sector, the bureau concluded it's mainly controlled by three domestic companies — Loblaw, Metro and Sobeys owner Empire — along with foreign giants Walmart and Costco.
The release said the bureau would also be given the authority to take action against "collaborations that stifle competition and consumer choice, in particular situations where large grocers prevent smaller competitors from establishing operations nearby."
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Money printer go brrrrrrrrrrrrrrr