02:16:07 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



Metro Inc
Symbol MRU
Shares Issued 229,128,690
Close 2023-10-24 C$ 69.81
Market Cap C$ 15,995,473,849
Recent Sedar Documents

Globe says MPs ask Metro, rivals to show pricing plans

2023-10-25 08:00 ET - In the News

Also In the News (C-COST) Costco CDR (CAD Hedged)
Also In the News (C-EMP) Empire Company Ltd
Also In the News (C-L) Loblaw Companies Ltd
Also In the News (C-WMT) Walmart CDR (CAD Hedged)

The Globe and Mail reports in its Wednesday, Oct. 25, edition that a House of Commons committee is demanding the country's top grocery stores disclose their efforts to stabilize prices. The Globe's Marieke Walsh writes that the committee passed the motion last Thursday, the minutes of which were only released this week. The vote set off a two-week clock for Loblaw, Metro, Empire's Sobeys, Walmart Canada and Costco Wholesale Canada to comply with the request from parliamentarians. MPs asked the companies to share "a comprehensive report on their strategies and initiatives taken to date and on further actions aimed at the stabilization of grocery prices in Canada." The documents are due on Nov. 2, according to the committee motion, which also says MPs would review them privately and report findings to the House of Commons. The committee also invited Loblaw president Galen Weston, Metro chief executive officer Eric La Fleche, Empire CEO Michael Medline, Walmart Canada CEO Gonzalo Gebara and Costco vice-president Pierre Riel to testify. The motion allows for the executives to be summoned if they do not accept the invitation. MPs on the House committee say the lack of clarity is why they decided to start the review.

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