Saturday, September 13, 2025

Liberals’ Meeting With Grocery Execs Yields… Nothing

The top dogs of Canada’s major grocery chains were in Ottawa on Monday for a hastily-called pop quiz from Justin Trudeau’s top federal cabinet ministers demanding a foolproof plan to “stabilize” surging grocery prices and restore what’s left of the prime minister’s credibility on major economic issues plaguing Canadians.

Both Finance Minister Chrystia Freeland and Minister of Innovation, Science and Industry François-Philippe Champagne sat down for a two-hour chat with the grocery moguls, following Trudeau’s rather stern “come-to-Jesus” moment on Friday, where he proclaimed an urgent ultimatum: these grocery giants must produce a credible plan to stabilize prices by Thanksgiving, or the tax boogeyman is coming for their profits.

Post-meeting only the CEOs of Sobeys and Metro braved the throng of waiting reporters. And while they didn’t signal slashing prices anytime soon, they assured everyone they were “committed” to solutions. Sobeys CEO Michael Medline seemed to be in good spirits, calling it a “great” meeting. Perhaps Galen Weston brought some No Name cookies for everyone to share?

Meanwhile, Metro CEO Eric La Fleche deflected blame, arguing that it’s not just the retailers who are at play here. He denied his company’s profiteering from inflation, attributing the price hikes to global supply chain challenges and myriad cost increases.

Political sparring ensued, as it does, with Conservative Leader Pierre Poilievre and NDP Leader Jagmeet Singh side-eyeing the government’s prowess. They pointed out that this isn’t exactly breaking news; food prices have been outgrowing general inflation for nearly two years. Singh even added that beyond a one-time grocery rebate for low-income Canadians, the Liberals have basically been twiddling their thumbs.

Addressing the media, Champagne described the meeting as both “historic” and “difficult.” He acknowledged the nation’s palpable sentiment for action against high food prices. Despite actually not achieving anything out of the meeting, Champagne mentioned the grocery chains’ commitment to support the government’s endeavors to stabilize these prices. “This is just the beginning,” Champagne insisted.

Information for this briefing was found via CTV News and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Guanajuato Q2 Earnings: Things Are Going Backwards

Electric Metals: The Sole US Domestic Source Of A Critical Mineral?

Marimaca Copper: The MOD Feasibility Study

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Liberal Cabinet Reshuffle: Is Justin Trudeau Preparing for a Snap Election?

In anticipation of what could potentially turn into a snap federal election, a significant Liberal...

Tuesday, July 25, 2023, 07:34:00 AM

Under Pressure, Trudeau Retreats from Open-Door Immigration

Prime Minister Justin Trudeau announced a dramatic reversal of Canada’s immigration policy on Thursday, marking...

Friday, October 25, 2024, 08:00:45 AM

Trudeau’s G20 Weekend: Canadian PM Contributes… ‘Gender Language’ to Final G20 Leaders’ Declaration

Canadian Prime Minister Justin Trudeau’s G20 weekend in New Delhi was plagued full of embarrassment...

Wednesday, September 13, 2023, 06:16:00 AM

Poilievre Blames Trudeau For 25% of Canadians That May Be Living In Poverty

Pierre Poilievre, leader of the Conservative Party, launched a blistering attack on the Liberal government,...

Wednesday, June 19, 2024, 01:02:00 PM

Italy’s Meloni Was Not Happy About Trudeau’s LGBTQ+ Rights Comments at the G7 Summit

A very unflattering image of Canadian Prime Minister Justin Trudeau has made it to the...

Monday, May 22, 2023, 04:10:00 PM