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Chronicle Journal in Thunder Bay, Ontario

05 Dec 2023

Page 9

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Chronicle Journal December 5, 2023 Page 9 old newspaper archives

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Newspaper

Chronicle Journal

Location

Thunder Bay, Ontario, Canada

Date

Dec 05, 2023

Page

9

Sobeys CEO defends grocery sector amid price worries

Sobeys chief Michael Medline told MPs that Canada remains highly competitive in grocery retail despite inflation concerns. He cited price freezes on 90 percent of packaged goods and broader efforts to stabilize costs while noting plans remain commercially sensitive.

MENTIONED IN THIS ARTICLE

Ottawa Sobeys Canada Michael Medline House of Commons Agriculture Committee Medline Empire Company Ltd Francois-Philippe Champagne Loblaw Metro Empire Walmart Costco Mps NDP
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Markets slip as energy and base metals drag North American shares

Canadian and U S markets closed lower with the S P/ T S X down 42.66 points and the Nasdaq retreating 119.54. Investors anticipate Bank of Canada pause and possible later rate cuts while oil and copper prices fall on weaker demand.

MENTIONED IN THIS ARTICLE

Toronto Canada U.S Kevin Burkett Burkett Asset Management Burkett New York Fed Bank of Canada U.S. Federal Reserve
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