02:07:10 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 151,912,608
Close 2023-09-18 C$ 37.23
Market Cap C$ 5,655,706,396
Recent Sedar Documents

Globe say Metro, rivals could get threats like Meta has

2023-09-18 08:13 ET - In the News

See In the News (C-MRU) Metro Inc

The Globe and Mail reports in its Monday edition that there is only so much Ottawa can do to solve the housing crisis. The Globe's John Ibbitson writes that market forces affect housing costs as well as government policies. Storeys.com reported earlier this month that developers are holding back on housing projects in Toronto and Hamilton, waiting for inflation and interest rates to go down and demand to increase. The Trudeau government's stimulative fiscal policies and its obsession with manipulating the economy through regulations, incentives, subsidies and punishments contributed to this mess by distorting the economic landscape. Case in point: Prime Minister Justin Trudeau is threatening to do to supermarket chains what he did to Google and Meta. The Internet giants were told they must pay money to news organizations whose content they use or link to. In response, Facebook and Instagram no longer use that content; Google is threatening to do the same. Policies that aimed to help news sites are instead damaging them. Now Mr. Trudeau is threatening to tax grocery chains unless they rein in food prices. Supermarkets will simply pass on the tax to consumers, further increasing the cost of food.

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