Big grocery store CEOs summoned to testify at committee studying food inflation – National | 24CA News
Members of Parliament have summoned the heads of Canada’s largest grocery retailer chains to reply for rising grocery costs.
On Monday, a House of Commons committee finding out meals worth inflation referred to as on the CEOs and presidents of Loblaw, Metro and Empire to attend an upcoming assembly.
NDP MP Alistair MacGregor made the request, gaining unanimous assist from Liberal, Conservative and Bloc Quebecois MPs.
The committee additionally agreed to increase the size of its meals worth inflation research by including extra conferences.
Statistics Canada says costs for meals bought from shops rose practically 10 per cent in 2022, the quickest tempo since 1981, with increased costs in each meals class aside from canned salmon.
MacGregor mentioned he’s wanting ahead to asking the CEOs direct questions on why grocery payments are going up.
“Canadians are cutting back on their usual grocery lists and stretching their pay cheques even further to get less for their families,” mentioned MacGregor, who’s the NDP’s meals worth inflation critic.
“But all the while, these grocery CEOs are making more money than they ever have before. It just doesn’t add up.”
Last 12 months the Liberal authorities ordered the Competition Bureau to check meals costs at grocery chains, saying they wish to guarantee worth equity.
Many components are thought to have impacted the value of meals, the bureau mentioned. That contains excessive climate, increased enter prices, Russia’s invasion of Ukraine and provide chain disruptions.
However, the research, which is predicted to be launched this 12 months, will analyze if grocery retailer competitors can be contributing to increased costs.
© 2023 The Canadian Press
