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

74-year-old woman attacked in East Vancouver, shoved to the ground and threatened with a knife

The senior was headed to catch a bus around 5:30 p.m. when a stranger pushed her down, threatened her with a knife, and demanded money. The victim began to scream and the suspect fled without getting any cash.

74-year-old woman attacked in East Vancouver, shoved to the ground and threatened with a knife

Ontario's top doctor 'strongly' recommends masking

Dr. Kieran Moore's advice came as pediatrics hospitals have been overwhelmed in recent weeks by a massive influx of very sick patients. COVID-19 is still circulating, but the larger threats to young children at the moment are influenza and respiratory syncytial virus, or RSV, he said, noting that capacity in children's hospitals is at 100 per cent.

Ontario's top doctor 'strongly' recommends masking

More imported kids' meds heading to stores: feds

The agency, which had previously announced it was importing acetaminophen and ibuprofen to be distributed to hospitals, said the new retail supply should help families struggling to treat their sick children.

More imported kids' meds heading to stores: feds

Emissions cap on oil and gas likely by end of 2023

A cap on greenhouse gas emissions from Canada's oil and gas sector will be ready by the end of next year, Environment Minister Steven Guilbeault said Monday. In an interview from Egypt where he is attending the 27th instalment of the United Nations climate talks, Guilbeault said the government is developing the regulations in "record time."

Emissions cap on oil and gas likely by end of 2023

Two deny murdering man after B.C. prison escape

Zachary Armitage and James Lee Busch are charged with killing 60-year-old Martin Payne in July 2019, a day after the pair walked away from William Head Institution, located about eight kilometres from the victim's home in Metchosin.

Two deny murdering man after B.C. prison escape

Permanent Indian residents can now be part of Canadian military

As of 2021, there were more than eight million immigrants with permanent residence living in Canada - roughly 21.5 per cent of the total Canadian population. In the same year, nearly 100,000 Indians became permanent residents of Canada as the country admitted a record 405,000 new immigrants in its history.