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Metro Inc
Symbol MRU
Shares Issued 209,802,716
Close 2026-06-16 C$ 92.67
Market Cap C$ 19,442,417,692
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Globe says Metro hears study to probe food supply chain

2026-06-17 05:21 ET - In the News

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The Globe and Mail reports in its Wednesday edition that the Competition Bureau announced a study on Tuesday to examine the Canadian food supply chain amid rising grocery prices. The Globe's Kate Helmore and Susan Krashinsky write that interim commissioner Jeanne Pratt described it as a comprehensive review of the food production process, focusing on crop inputs, transportation, distribution and pricing practices. "The price at checkout starts a long time before the product gets on the shelves," she said. The announcement came shortly after Prime Minister Mark Carney unveiled a national food security strategy. This 10-year plan allocates federal funds to boost retail competition, reduce dependence on imported food, and enhance access to local products, with $130-million designated for the Competition Bureau to address anti-competitive practices. The study will allow the bureau to build on its recommendations from a 2023 report that examined concentration of ownership in the grocery business, Ms. Pratt said. Some retailers welcomed the study's wide-ranging focus on the entire supply chain. Critics question the mandate's effectiveness, noting that recommendations from the 2023 study have not been widely adopted.

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