03:59:18 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 151,300,850
Close 2023-10-27 C$ 37.01
Market Cap C$ 5,599,644,459
Recent Sedar Documents

FP says Metro, rivals hear food summit looking gimmicky

2023-10-30 08:38 ET - In the News

See In the News (C-MRU) Metro Inc

The Financial Post reports in its Saturday, Oct. 28, edition that some Canadian grocers are starting to give a few glimpses at the plans they presented to the federal government after Prime Minister Justin Trudeau demanded they come up with ways to stabilize food prices. The Post's Jake Edmiston writes that leaders of the top five grocery chains were told to come up with a plan to stabilize food prices. After two weeks, each executive came back with a plan, one by one, to the satisfaction of Industry Minister Francois-Philippe Champagne. Mr. Champagne has chosen to keep the plans secret, both from the public and from the competing grocery chains, in hopes of spurring more competition and one-upmanship among the chains as they jockey for who can roll out the best inflation-busting strategy. Earlier this month, he said the plans will include "aggressive discounts" on staples as well as price freezes and price-matching campaigns. However, absent any concrete, public commitments from the grocers, Mr. Champagne's fall food summit in Ottawa is looking more and more like a gimmick. Last week, he expressed some disappointment by how long it was taking for the grocers to roll out their plans publicly.

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