12:36:38 EDT Thu 18 Jun 2026
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Metro Inc
Symbol MRU
Shares Issued 209,802,716
Close 2026-06-17 C$ 91.88
Market Cap C$ 19,276,673,546
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FP says Loblaw sees Ottawa to fight rising food prices

2026-06-18 08:25 ET - In the News

See In the News (C-L) Loblaw Companies Ltd

The Financial Post reports in its Thursday, June 18, edition that Ottawa's plan to tackle rising food prices while reducing dependence on imports may be easier said than done. The Post's Paula Tran writes that the $3.2-billion National Food Security Strategy, launched Thursday, aims to tackle rising food prices by enhancing access to local goods and boosting competition in the food retail sector. The strategy aims to shore up Canada's food supply chain by reducing reliance on imports. The strategy aims to boost the domestic share of "healthy food" for Canadians from 75 per cent to 85 per cent by 2032, without setting overall import reduction targets. Canada currently is heavily dependent on imports for fresh produce, with 88 per cent of fresh fruits and 72 per cent of vegetables coming from abroad. But experts say achieving the twin goals of reducing imports and food prices at the same time may be tricky given that it will almost certainly be more costly to grow certain foods at home. Food economist Michael von Massow says that while the strategy is promising, it won't quickly lower grocery prices, as benefits from infrastructure investments will take years to materialize.

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