Loblaw Companies Ltd. has expressed concerns that the grocery code of conduct could raise food prices for Canadians by more than $1 billion. The company cannot endorse the code in its current form and has requested a special meeting to address its concerns.
As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire. Loblaw Companies Ltd. said it’s worried the code could "raise food prices for Canadians by more than $1 billion" in a letter sent to members of both the steering committee developing the code and the industry sub-committee on Nov. 1, and obtained by The Canadian Press.
The grocer cannot endorse the code in its current form, wrote chief financial officer Richard Dufresne in the letter, requesting a special meeting of the industry sub-committee to address Loblaw's concerns. In a statement, Loblaw spokeswoman Catherine Thomas said the draft code has "a number of challenges," which the grocer believes could risk product availability and increasing food prices. The Loblaw statement also mentioned the potential "$1 billion in costs," which Thomas said refers to extra costs for Loblaw customers. Loblaw isn’t the only grocer to express concern about the cod
Loblaw Grocery Code Of Conduct Food Prices Concerns Meeting
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget and community involvement among concerns facing high-frequency rail project between Ontario and QuebecThe Hill Times
Read more »
Addressing Affordability Concerns and Promoting Energy EfficiencyA government representative acknowledges concerns about affordability and the challenges faced by residents in rural areas. The Greener Home Grant is introduced to support Canadians in accessing energy-efficient options for their homes.
Read more »
Concerns Grow Over High Frequency Rail Plan and P3 ModelConcerns are growing about the risks of the public-private partnership (P3) privatization model and the potential impact of the High Frequency Rail (HFR) plan on public passenger rail service in Canada.
Read more »
Luxury condo development in Toronto faces financial hardshipDevelopers of the luxury building One at Yonge and Bloor streets in Toronto face financial difficulties as the condo development enters receivership, raising concerns about the stability of the industry.
Read more »
Ancient polar bear populations shrank as sea ice dwindled, study findsNew research suggests that ancient polar bear populations shrank as sea ice dwindled, adding weight to concerns about the predator's future as climate change melts the Arctic.
Read more »
Ancient polar bear populations shrank as sea ice dwindled, study findsNew research suggests that ancient polar bear populations shrank as sea ice dwindled, adding weight to concerns about the predator's future as climate change melts the Arctic.
Read more »