Â鶹ӰÊÓ

Skip to main content

Federal NDP want a price cap on grocery store staples, Liberals say it won't work

Share
OTTAWA -

The federal New Democrats want a price cap on grocery store staples if the Liberal government can't convince grocers to bring down the prices themselves.

In Europe, some countries have implemented similar measures, and while it's something Industry Minister Francois-Philippe Champagne said he has looked into, he doesn't think it's a good idea.

"You have commodities which are traded on a global scale. So think about sugar, think about wheat, how can you have a price in one particular region," he said Tuesday.

"But I think the better way to do that is keep putting pressure on the grocers, on the large manufacturers around the world, and bringing more competition."

For months, the Liberals have been trying to get big grocers in Canada to sign a code of conduct that they say will bring down food prices for everyone.

And Champagne has even said he's trying to court a foreign grocer to usher in competition.

"I think it would help up shake up the market and bring better prices," he said.

Some food costs have recently eased due to a slight decline in inflation, but New Democrats say prices have not dropped nearly as much as they have risen in the past three years.

NDP Leader Jagmeet Singh said he's tired of Canadians getting ripped off by corporations, which he says continue to price gouge.

Last month, some shoppers boycotted Loblaw following a month-long campaign from frustrated consumers who are feeling the pinch and blame the grocery giant.

This report by The Canadian Press was first published June 4, 2024.

CTVNews.ca Top Stories

A northern Ontario man is facing a $12,000 fine after illegally shooting a moose near the Batchawan River.

Police have arrested an 18-year-old woman who allegedly stole a Porsche and then ran over its owner in an incident that was captured on video.

A body has been found in the vicinity where a woman went missing on the Ottawa River near Pembroke, Ont. while kayaking Tuesday night, according to the Ontario Provincial Police (OPP).

Local Spotlight

Cole Haas is more than just an avid fan of the F.W. Johnson Wildcats football team. He's a fixture on the sidelines, a source of encouragement, and a beloved member of the team.

Getting a photograph of a rainbow? Common. Getting a photo of a lightning strike? Rare. Getting a photo of both at the same time? Extremely rare, but it happened to a Manitoba photographer this week.

An anonymous business owner paid off the mortgage for a New Brunswick not-for-profit.

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

A growing group of brides and wedding photographers from across the province say they have been taken for tens of thousands of dollars by a Barrie, Ont. wedding photographer.

Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.

Stay Connected