Heads of Canada's largest grocers questioned on soaring cost of food even as inflation cools | LIVE
CA, 09 Mar 2023
The top executives at Canada’s big three grocers are set for questioning from members of Parliament on Wednesday afternoon as Canadian households continue to deal with soaring food costs.
The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd. — which operates chains including Sobeys, Safeway and FreshCo — are set to testify before the House of Commons agriculture committee at 4:30 p.m. ET as part of its study on food inflation.
While headline inflation has shown signs of cooling in recent months, prices for food purchased from the grocery store were again up 11.4 per cent in January, according to Statistics Canada.
Among those MPs expected to attend is NDP Leader Jagmeet Singh, who has accused the grocery giants of price-gouging Canadians en route to higher profits in 2022.
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