The federal industry minister says he has begun calling the heads of foreign companies to promote investing in Canada, a move aimed at creating more competition and driving down prices — including in theFrancois-Philippe Champagne
“For the long term, this is what is really going to help. And we’ve seen it in other sectors and we have examples in other countries. So, yes, I’m doing that. And it’s part of the number of things that I’m trying to do.”The move comes amid a push for more competition in Canada’s grocery sector — and other consumer goods — as inflation continues to impact Canadians’ wallets.
Statistics Canada reported last month that prices for food purchased from stores rose 6.9 per cent in August, down from an 8.5 per cent increase in July but still well above the month’s headline inflation rate of four per cent.