Trudeau calls on major grocers to stabilize food prices, drawing industry pushback

Major grocers have been facing accusations of profiteering amid high inflation, though executives from the companies denied these allegations before a parliamentary committee studying food inflation earlier this year.

“We are not going to take part in discussions that time and time again fail to look below the surface as to the true cause of rising grocery prices,” said spokeswoman Michelle Wasylyshen. Industry Minister Francois-Philippe Champagne, who is taking the lead on the grocery price push, said at Thursday’s press conference that the government would also be engaging other segments of the food industry.

“We believe that using taxation as a punitive measure on retailers, especially at this time, is not only ill-advised but might have a detrimental ripple effect on the whole food supply chain, including food producers,” said Fuchs.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trudeau calls on major grocers to stabilize food prices, drawing industry pushbackThe federal government is demanding major Canadian grocers come up with a plan to stabilize prices, drawing pushback from the food industry.
Source: CTVNews - 🏆 1. / 99 Read more »

Trudeau calls on major grocers to stabilize food prices, drawing industry pushbackLONDON, Ont. — The federal government is demanding major Canadian grocers come up with a plan to stabilize prices, drawing pushback from the food industry.
Source: SooToday - 🏆 8. / 85 Read more »

Trudeau calls on major grocers to stabilize food prices, drawing industry pushbackThe call comes as grocery prices rose 8.5 per cent in July, showing a slight easing of price growth but still running much hotter than overall inflation
Source: globeandmail - 🏆 5. / 92 Read more »