Mr. Speaker, Canada’s top five major grocery chains committed to support efforts aimed at stabilizing food prices through actions such as aggressive discounts, price freezes and price-matching campaigns.
The Government of Canada continues to explore all measures and tools to address affordability. The Minister of Innovation, Science and Industry and the Minister of Agriculture and Agri Food engaged with provincial and territorial consumer counterparts to discuss efforts to stabilize food prices across the country.
The government reiterated its commitment to stabilizing food prices within its 2023 fall economic statement, in which it was emphasized that the government has and will continue to advance initiatives to achieve this objective.
Price stabilization requires the full engagement of the entire supply chain, and the Government of Canada is working with a range of stakeholders, including grocers, manufacturers, provinces and territories, to find solutions that are in the best interest of Canadians.
The Government of Canada is considering all measures and tools to address affordability issues.