12:47:09 EDT Thu 09 May 2024
Enter Symbol
or Name
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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

NP says Loblaw, rivals see federal Liberals deflect

2023-09-19 09:25 ET - In the News

See In the News (C-L) Loblaw Companies Ltd

The National Post reports in its Tuesday, Sept. 19, edition that whenever the federal Liberals are asked about inflation and whether they will rein in the spending habits that are contributing to rising prices, their response has been to deflect. The Post's Carson Jerema writes that the stock answer is to point to "global" inflation, international supply chain problems and the war in Ukraine. This answer is no doubt true, but does not absolve the Liberals from their own inflationary policies, or the Bank of Canada, for that matter, from having taken much too long to raise interest rates. This appeal to inflation's complexity evaporates, however, when it is convenient for Prime Minister Justin Trudeau, as it was last Thursday. Suddenly, the intricate problems facing the global economy are not responsible for higher prices at all. According to the PM, the real culprits are grocery stores, which are somehow using inflation as a cover for their wanton greed -- greed that mysteriously only manifested itself in 2020 when prices started soaring. The most galling part of the government's tirade against grocers is the fact that Ottawa itself is actually responsible for inflation, or at least partly responsible.

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