Canadian Government Secures Grocery Price Cut Commitments and Introduces Legislation to Lower Food Costs

Canada's government received commitments from top grocery chains to cut food prices. Actions include discounts, price freezes, and price matching.

A Grocery Task Force will monitor commitments and investigate practices that hurt consumers.

Legislation introduced to increase competition and lower prices. More action threatened if results not seen.

Meeting held last month between government and grocery chains on stabilizing prices.

Food inflation slowed in August but remains high at 6.9% yearly. Overall inflation accelerated to 4%.