National

Champagne to announce initial commitments from grocers to stabilize prices today

Darpan News Desk The Canadian Press, 05 Oct, 2023 11:25 AM

Industry Minister François-Philippe Champagne says he is ready to announce the initial commitments he has secured from grocers to stabilize food prices.

We know Canadians are frustrated with the rising food prices.

That’s why we’re implementing solutions to stabilize food prices.

We will continue to work with all players in the food industry to stabilize food prices in Canada and make life more affordable. pic.twitter.com/d1G7n9X3mb
— François-Philippe Champagne (FPC) 🇨🇦 (@FP_Champagne) October 5, 2023

The Liberal government called on Canada's major grocers last month to present a plan to stabilize prices by Thanksgiving, or face consequences.

Champagne told a conference hosted by the Competition Bureau in Ottawa that the announcement is coming later on Thursday.

"What you will see today is their commitments with an initial plan," Champagne said in French.

He is scheduled to hold a news conference alongside other cabinet ministers Thursday afternoon.

Rising grocery prices have been a major pain point for Canadians and tend to disproportionately affect lower-income families who spend more of their income on food.

Grocery prices in August rose 6.9 per cent from a year ago, while the overall inflation rate was four per cent.

The Liberals are also pursuing changes to the Competition Act, which Champagne is calling a first step toward modernizing the law.

Prev Next

MORE National ARTICLES

Lawyers ask Amsterdam court to reduce Canadian 13-year cyberbullying sentence to Dutch citizen

Aydin Coban was convicted last year of extortion, harassment and other crimes in a case involving Canadian teenager Amanda Todd who was blackmailed to expose herself in front of a webcam. The 15-year-old died by suicide after detailing her ordeal in a YouTube video watched by millions around the world.

Lawyers ask Amsterdam court to reduce Canadian 13-year cyberbullying sentence to Dutch citizen

Emergency department reopens after man shot dead by police in B.C. hospital

The Fraser Health authority says the emergency department at a Hope, B.C., hospital that was temporarily closed after a fatal police shooting has reopened. Police say the man received immediate medical attention but was pronounced dead at the scene.

Emergency department reopens after man shot dead by police in B.C. hospital

U.S. Coast Guard says 'presumed human remains' found in Titan wreckage

Earlier in the day, debris from the ill-fated submersible was returned to shore in Newfoundland aboard a Canadian-flagged ship that had helped search for the vessel in a remote area of ocean near the wreck of the Titanic.

U.S. Coast Guard says 'presumed human remains' found in Titan wreckage

Mounties in Nanaimo, B.C., probe theft of German shepherd puppies

Police say the theft occurred around 3 a.m. Monday morning. Since then, five of the eight-week-old puppies have been recovered, but police say the rest are still missing.

Mounties in Nanaimo, B.C., probe theft of German shepherd puppies

Rental protection for BC residents

The British Columbia government says its 500-million-dollar rental-protection fund will help renters stay in their homes and keep their rents affordable. The province has opened access to the fund that will help non-profit groups purchase rental buildings.

Rental protection for BC residents

Dental care to cost $3B less than budgeted unless provinces drop coverage, PBO says

The Liberals promised a stand-alone dental insurance plan for low- and middle-income Canadians who don't have private insurance as part of its supply and confidence deal with the NDP last year.