OTTAWA - Major grocers in Canada are not yet confirming whether they have committed to special promotions to stabilize grocery prices, as was recently promised by the federal government.
Obviously they have committed to price freezes. That was no doubt their idea. The world price of food is falling rapidly, so they will lock in to not suffer from lower prices later. But they want to lock in at the market peak, so it may take a little bit longer. We’re getting real close, but not quite there yet on the retail side.
Obviously they have committed to price freezes. That was no doubt their idea. The world price of food is falling rapidly, so they will lock in to not suffer from lower prices later. But they want to lock in at the market peak, so it may take a little bit longer. We’re getting real close, but not quite there yet on the retail side.