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Canada has low food inflation, high grocery competition: industry CEO

Top executive speaks to parliament about country’s rising food prices, plans for relief
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Contributed photo.

The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet — even as Canadians continue to feel the bite of higher prices.

“Although our country’s food inflation has been among the lowest in the world, and Canada is among the most competitive nations on Earth when it comes to grocery retail, this provides little comfort to Canadians who are struggling,” Michael Medline told MPs on the House of Commons agriculture committee.

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