13:37:59 EDT Mon 06 Apr 2026
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Empire Company Ltd
Symbol EMP
Shares Issued 128,525,684
Close 2026-04-02 C$ 50.38
Market Cap C$ 6,475,123,960
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Globe says Loblaw sees Lewis tout gov't grocery stores

2026-04-06 07:19 ET - In the News

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

The Globe and Mail reports in its Friday, April 3, edition that newly minted federal NDP Leader Avi Lewis is trying to sell the idea that there really is such a thing as a free lunch. The Globe's Gus Carlson writes that Mr. Lewis has come up with a fatuous solution to affordability issues in urban areas -- government-run grocery stores. Mr. Lewis's delusion is national in scope. He sees a countrywide network of government-owned and operated food stores, offering heavily discounted prices. In announcing his plan, Mr. Lewis said he would opt for "a high-volume, warehouse-style model with subsidized rent and utilities." His promise: Cutting prices by 30 to 40 per cent. Mr. Lewis already has the support of Toronto City Council, which recently voted 21-3 in favour of a pilot, starting a one-year window for an implementation report. Like so many ideas on the left, this one comes from the heart, not the head. To be sure, it is well-meaning and compassionate to the plight of those who are struggling to make ends meet in an environment of rising prices. The problem is this: No matter how heartfelt, its chances of success are slim without someone else paying for it. As in taxpayers. And even then, it is by no means viable.

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