Tag Archives: Canada Bread Company

Parliamentary committee questions grocery chain CEOs over high food prices while studying food price inflation

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Grocery chain CEOs fielded tough questions from MPs at a parliamentary committee meeting attempting to get to the root of why Canadians are facing such high food prices.

Across the food and beverage industry, net income has more than doubled, and this is reflected in the balance sheets of all three companies under scrutiny at the committee, said Liberal MP Ryan Turnbull.

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Canada’s Competition Bureau will study grocery chain pricing

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Canada’s Competition Bureau is launching a study on the grocery store sector as food prices rise at the fastest rate in 40 years.

The announcement came after the NDP’s opposition day motion to tackle high food prices received unanimous support in the House of Commons. From now until June 2023, the bureau says it will examine how governments can combat grocery price increases through greater competition.

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