Stay updated with breaking news from Michael Graydon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Grocers have been under pressure from the federal government to stabilize food prices after a run of high inflation and a series of interest rate hikes have eaten into household budgets
Comparing store flyers between October 2022 and October 2023 shows that the price of Nestle's popular 50-piece box of fun-size chocolate bars has outpaced inflation by as much as 17.5% at some of Canada's major grocery chains. Many handing out candy say they won't let costs creeping up affect trick-or-treaters.
Loblaw and Wal-Mart Canada expressed concerns over signing onto the code, saying they fear it will raise food prices for Canadians. Read on.
Canada's industry minister called out Pepsi and Coca-Cola for not sending representatives to a meeting to discuss grocery prices. Read on.
A government source said the CEOs of Pepsi and Coca-Cola responded to the federal government summons by stating they were not available Monday