12:37:17 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 151,912,608
Close 2023-09-19 C$ 36.67
Market Cap C$ 5,570,635,335
Recent Sedar Documents

Globe says Metro, rival CEOs agree to stabilize prices

2023-09-19 07:57 ET - In the News

See In the News (C-MRU) Metro Inc

The Globe and Mail reports in its Tuesday, Sept. 19, edition that grocery store chief executive officers agreed to stabilize food prices Monday following a government-ordered meeting. The Globe's Marieke Walsh and Kristy Kirkup write that there were no details provided on how the country's leading grocery stores would stop the growth in prices. Innovation Minister Francois-Philippe Champagne said the "bottom line" was that the large grocery store chains had agreed to work with the government and stabilize prices. Mr. Champagne, however, stopped short of repeating Prime Minister Justin Trudeau's demand made just last week that the grocery stores come up with a plan by Thanksgiving to "stabilize and lower grocery prices across the country." The Globe says CEOs leaving the meeting did not commit to lowering prices. The Liberals now openly acknowledge that Canadians are struggling and the government needs to do more to respond to affordability concerns. The change in message and new plans to address affordability are the first signs of a reset from the government. CEO's from Loblaw, Costco Wholesale Canada, Walmart Canada, Metro and Empire were in attendance Monday for a two-hour meeting with Mr. Champagne.

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