Canada Grocers

• Ottawa summons major grocery CEOs to talk lowering food prices — or else

  The companies are being tasked with coming up with a plan to stabilize prices by Thanksgiving, Prime Minister Justin Trudeau said, warning the government is prepared to act.

  Politics

  Sep 14, 2023
  
• Sobeys parent Empire reports higher Q1 profit ‘despite ongoing volatility’

  Sobeys parent Empire says it earned $261.0M in its latest quarter, up from $187.5Min the same quarter last year, boosted by the sale of its gas stations in Western Canada to Shell.

  Money

  Sep 14, 2023
  
• Advertisement
• Chasing the ‘Aldi effect’: Why it’s hard for discount grocers to break into Canada

  The Competition Bureau believes bringing international discount grocers into Canada would drive down food prices. But the Canadian market comes some with unique barriers to entry.

  Money

  Jun 28, 2023
• Advertisement
• Walmart Canada willing to participate in grocery code of conduct, CEO tells MPs

  Gonzalo Gebara testified to a House of Commons committee amid an ongoing study into persistent food inflation in Canada and whether major grocers are benefitting.

  Consumer

  Mar 27, 2023
• Canadians making fewer grocery store trips as food inflation continues to bite: report

  RBC's consumer spending tracker showed the average number of grocery transactions last month was still above pre-pandemic levels, but lower than the bump seen last fall.

  Consumer

  Mar 9, 2023
• Grocery CEOs defend ‘reasonable profitability’ in grilling over soaring food costs

  The heads of Loblaw, Empire and Metro told the House of Commons agriculture committee they aren't contributing directly to food inflation despite rising profits.

  Canada

  Mar 8, 2023
• Loblaw is ‘not taking advantage’ of food inflation to drive profits, CFO says

  Loblaw's revenues were up 10 per cent in the fourth quarter of the year as demand held strong for groceries and strong cosmetics and pharmacy sales.

  Money

  Feb 23, 2023