01:02:44 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Empire Company Ltd
Symbol EMP
Shares Issued 149,818,665
Close 2023-11-15 C$ 38.46
Market Cap C$ 5,762,025,856
Recent Sedar Documents

Globe says Loblaw, rivals hear comp law changes loom

2023-11-16 07:53 ET - In the News

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

The Globe and Mail reports in its Thursday, Nov. 16, edition that Finance Minister Chrystia Freeland and NDP Leader Jagmeet Singh are both stressing the importance of competition law changes to address grocery prices ahead of Tuesday's fall economic statement. The Globe's Bill Curry writes that Ms. Freeland said Ottawa needs to bring in a "major change" to Canada's competition law as she responded to a reporter's question Wednesday about the high cost of groceries. Ms. Freeland made the comments in Mascouche, Que., just minutes after Mr. Singh held a news conference in Toronto calling for new competition law changes to be included in the fall economic statement. Mr. Singh said competition reform to address grocery prices is a major concern. On Wednesday, the minister was asked to comment on Canadians' concerns over grocery prices and the fact that Loblaw reported an 11.7-per-cent increase in profit in the third quarter. "We are absolutely determined to use every tool in the federal government's toolbox to ensure that prices stabilize," she said. "We need to make a major change in Canadian competition law. A very important way to bring prices down is through competition."

© 2024 Canjex Publishing Ltd. All rights reserved.