01:27:24 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, rivals called on to stabilize prices

2023-09-20 07:21 ET - In the News

See In the News (C-MRU) Metro Inc

The Globe and Mail reports in its Wednesday, Sept. 20, edition that Innovation Minister Francois-Philippe Champagne said Tuesday that the federal government sees stabilizing food prices as bringing their cost "in line" with general inflation, but he did not provide a timeline to achieve it. The Globe's Kristy Kirkup and Marieke Walsh write that Mr. Champagne made the comment one day after he met with Canada's biggest grocery retailers in Ottawa. He also pledged to "go after" big food manufacturers, and to have a meeting with them similar to the discussion he had with grocery chief executive officers. The rate at which food prices are increasing outpaces overall inflation -- something experts say is unmanageable. Cost-of-living issues, including the price of food, have been a major focus as MPs return to the House of Commons after a summer break. The Globe notes, however, that food inflation was one of the bright spots in Tuesday's Statistics Canada data. The rate was down from 8.5 per cent in July, and a recent high of above 11 per cent a few months ago. Mr. Champagne said the country's largest grocers need to submit their plans and come up with "meaningful action" by Thanksgiving.

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