Mr. Speaker, the Government of Canada believes that food affordability is a critical issue facing all Canadians and is taking a series of actions to promote the stabilization of grocery prices. As part of this effort, the government has called on companies throughout the food supply chain, both grocers and suppliers, to take meaningful actions to stabilize grocery prices. The nature and scope of these actions will be determined by the companies themselves in the context of a competitive marketplace.
In October 2023, each retailer identified a series of initial commitments aimed at supporting efforts to stabilize food prices in the near term. Individual grocery retailers are taking actions, as determined by them, to deliver on this commitment.
The Government of Canada has also made clear that it will take additional action to restore the food price stability that Canadians expect, should initial commitments and actions bring relief to Canadians.