14:03:50 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 151,912,608
Close 2023-10-06 C$ 37.73
Market Cap C$ 5,731,662,700
Recent Sedar Documents

Globe says Loblaw, rivals promise to "stabilize" prices

2023-10-06 09:04 ET - In the News

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

The Globe and Mail reports in its Friday, Oct. 6, edition that the federal government is promising to closely scrutinize the grocery market and bring more transparency to pricing, announcing Thursday that grocery chains have promised discounts and price-matching as part of a plan to "stabilize" grocery prices. The Globe's Marieke Walsh and and Robert Fife write that Sylvain Charlebois, a Dalhousie University professor who studies the grocery market and food supply chain, says the proposals released so far will not change the trajectory of prices and include nothing new to help consumers. He calls the announcement, "Business as usual." Last month the government said it would force the country's biggest grocery-store chains to submit plans to Ottawa by Thanksgiving on how they will stabilize prices. Innovation Minister Francois-Philippe Champagne says he has looked at recent grocery flyers and says he has seen some action. Mr. Charlebois says he has looked too and is not seeing what Mr. Champagne does. Mr. Charlebois says flyers contain prices that are no lower than usual, and nothing in the government's policies or comments to grocers since September would have changed what is in them.

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