Nestle to chop, slice and freeze sales of Delissio, Lean Cuisine in Canada
Canadians have been grappling with rising food costs over the last year due to record-high inflation. While the overall inflation rate in December was 6.3 per cent, food prices at the grocery store rose 11 per cent year-over-year.
Over the course of 2022, grocery prices rose an average of nearly 10 per cent through 2022, according to Statistics Canada, the fastest annual pace seen since 1981.John Carmichael, president and CEO of Nestlé Canada, said in the company statement that the decision to pull frozen foods from Canada enables the company to “further invest in priority categories and the company is open to enhancing their portfolio where it makes sense for their business.
Nestlé Canada noted that the company does not have a factory in Canada that manufactures any of its frozen meals or pizza products and it will work with its retail partners to facilitate the exit of the affected products.
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.
Statistics Canada to release latest data on Canada's economic growth Tuesday$openGraphObjectMap.get($ogKey)
Read more »
The Government of Canada is advancing Canada’s position as a global leader in innovationIt has become clear that we can’t keep doing things the same old way; we need to make sure Canadians benefit from their own ingenuity.
Read more »
Everything Coming to Netflix Canada in February 2023 | Elle CanadaFrom a new rom-com starring ReeseW and aplusk, to a Season 3 of OuterBanks, here's what's coming to netflix Canada this month.
Read more »
Canada sanctions more Myanmar elite, bans jet fuel sales two years after coupCanada has sanctioned more of Myanmar\u0027s military elite, two years after the country\u0027s coup.
Read more »
Canada sanctions more Myanmar elite, bans jet fuel sales two years after coupCanada has sanctioned more of Myanmar\u0027s military elite, two years after the country\u0027s coup.
Read more »