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

15 Indo-Canadians arrested in auto theft ring, stolen goods worth $9 mn recovered

The suspects were identified as Balkar Singh, 42; Ajay Ajay, 26; Manjeet Padda, 40; Jagjeevan Singh, 25; Amandeep Baidwan, 41, Karamshand Singh, 58; Jasvinder Atwal, 45; Lakhvir Singh, 45; Jagpal Singh, 34; Upkaran Sandhu, 31; Sukhvinder Singh, 44; Kulvir Bains, 39; Banishidar Lalsaran, 39; Shobit Verma, 23, and Sukhninder Dhillon, 34.

15 Indo-Canadians arrested in auto theft ring, stolen goods worth $9 mn recovered

Families get boosted Canada Child Benefit through sizable cost-of-living adjustment

The Liberals are highlighting the Canada Child Benefit today to mark its seven-year anniversary after they introduced it in their first budget. Prime Minister Justin Trudeau is in southeastern Ontario today speaking to families about the impact of the benefit, which he says has reduced poverty across the country.

Families get boosted Canada Child Benefit through sizable cost-of-living adjustment

Fraser Valley bus strike might be coming to an end

U-S-based First Transit operates on a contract with B-C Transit and employs about 200 bus drivers and mechanics serving Abbotsford, Mission, Agassiz-Harrison, Chilliwack and Hope. The company says it is eager for the strike to end and for services to be restored in the Fraser Valley.

Fraser Valley bus strike might be coming to an end

B.C. ports in limbo as union removes strike notice despite dispute with employers

Prime Minister Justin Trudeau spoke with B.C. Premier David Eby about the labour dispute between the union and the BC Maritime Employers Association and agreed on the need to "ensure the stability" of national supply chains.

B.C. ports in limbo as union removes strike notice despite dispute with employers

Union rescinds 72-hour B.C. port strike notice

The union representing longshore workers in British Columbia says it has rescinded 72-hour strike notice that had sparked concerns the province's ports could be shut down again by Saturday.