👉Industry Minister Francois-Philippe Champagne continues his efforts to attract international grocers to Canada, aiming to boost competition in the grocery sector and alleviate food inflation. Despite previous attempts to engage Canadian grocers in stabilizing prices, Champagne now focuses on luring foreign players. Metro Inc. reports substantial profits amidst rising sales, indicating impending retail price adjustments. Champagne urges transparency from Canadian grocers and hints at potential consequences for non-compliance. His letter to the competition commissioner suggests a follow-up study on the grocery sector's dynamics.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #GroceryBattle #FoodInflation #InternationalGrocers #CanadianRetail #MarketStudy #PriceStabilization #TransparencyDemand #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉As Canada enters the new year, hopes for a decrease in food prices are dampened by the 2024 Canada’s Food Price Report. Projections indicate a 2.5 to 4.5 per cent rise in grocery costs, impacting an average family's annual expenditure. The report attributes price hikes, especially in bakery, meat, and vegetable sectors, to factors such as supply chain disruptions, climate change, carbon tax, shelfation, and conflicts in Ukraine. With a 5.9 per cent overall increase in the Consumer Price Index (CPI), concerns rise over the two million food bank visits in the previous year, marking a significant uptick. Produced in collaboration with renowned universities, the annual report underscores the ongoing struggle to balance food prices amid a complex web of economic factors.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . #CanadianFoodPrices #FoodCosts #EconomicChallenges #FoodInflation #ConsumerConcerns #SupplyChainIssues #PriceControlEfforts #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Unveiled as a measure to help Canadians offset higher grocery bills due to inflation, the rebate comes with a price tag of $2.5 billion for the federal government. The food-inflation focused affordability measure is set to roll out to approximately 11 million low- and modest-income Canadians.✅ For example, if you are single you could receive a maximum payment of: $234 if you have no children $387 if you have one child $467 if you have two children $548 if you have three children $628 if you have four children And, if you are married or have a common-law partner, you could receive up to: $306 if you have no children $387 if you have one child $467 if you have two children $548 if you have three children $628 if you have four children . . #GroceryRebate #InflationHelp #AffordabilityMeasure #CanadianGovernment #LowIncomeSupport #ModestIncomeSupport #FoodInflation #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's inflation rate in May dropped to 3.4%, reaching its lowest point since June 2021. The decrease is anticipated to be positive news for the Bank of Canada, as it prepares for the upcoming interest rate decision on July 12, following a recent quarter-percentage point increase to 4.75%. Statistics Canada's report attributed the slowdown primarily to reduced gasoline prices compared to the previous year. However, despite the overall decline, food inflation has yet to see a significant improvement, with grocery prices remaining high, increasing by nine per cent annually and showing minimal change from April. April had experienced a slight increase in inflation to 4.4%, slightly reversing the progress made since the previous summer.✅ . . #CanadaInflation #BankOfCanada #InterestRateDecision #GasolinePrices #FoodInflation #GroceryPrices #EconomicNews #mnm #malayalisnearmeapp #canadaupdate #canadanews