MPs summon big grocery store CEOs to testify in Ottawa over food inflation - BNN Bloomberg

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MPs summon big grocery store CEOs to testify in Ottawa over food inflation - BNN Bloomberg
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Members of Parliament have summoned the heads of Canada's largest grocery store chains to answer for rising grocery prices.

called on the CEOs and presidents of Loblaw, Metro and EmpireNDP MP Alistair MacGregor made the request, gaining unanimous support from Liberal, Conservative and Bloc Québécois MPs.

Statistics Canada says prices for food purchased from stores rose nearly 10 per cent in 2022, the fastest pace since 1981, with higher prices in every food category except for canned salmon. "Canadians are cutting back on their usual grocery lists and stretching their paycheques even further to get less for their families," said MacGregor, who is the NDP's food price inflation critic.

Last year the Liberal government ordered the Competition Bureau to study food prices at grocery chains, saying they want to ensure price fairness.

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