Loblaw Companies says it will lock in prices of ‘no name’ amid looming parliamentary investigation into the food retail industry
Canada’s largest grocer has announced a price freeze on its low-cost product line, amid accusations of profiteering during a worsening of cost of living crisis – and a looming parliamentary investigation into the food retail industry.
Inflation figures on Wednesday showed that grocery prices in the country rose 11.4% over last month, continuing a surge not seen in more than four decades.
