Unless we see a quick stabilization of prices and moderation of grocery profits, we can expect food prices to remain a hot political topic right through 2024.
More competition is needed in Canada’s grocery sector as consumers grapple with higher food prices, said Finance Minister Chrystia Freeland, after two of the country's largest grocers reported higher sales and profits in the most recent quarter.
Top executives from Canada's major grocery chains have agreed to work with the federal government on stabilizing prices, Industry Minister François-Philippe Champagne says, but few details have been divulged about how that will be achieved.