Canada's NDP

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February 2nd, 2023

Singh calls on government to act on affordability as Loblaw grocery freeze ends

In response to the end of the grocery price freeze, Canada’s NDP Leader Jagmeet Singh issued the following statement:

“Last October, after pressure from the NDP, Loblaw announced that they would freeze some grocery prices. The price freeze shows that grocery giants manipulate how much we pay. Their profits have skyrocketed. They’ve been using inflation as an excuse to hike prices higher than they need to. That’s greedflation.

With the price freeze now ending, they’re about to do it again. Families are going to have to take more out of their grocery carts, or rack up a bigger bill at the till — and the Liberals are letting it happen. Justin Trudeau keeps letting the cost of living get worse for you, so profits can get bigger for CEOs.
For months, the NDP has called out grocery store CEOs who earn millions in bonuses, and we’ve been calling for a windfall profits tax to disincentivize gouging.

The Liberals have the power to hold to account CEOs of big grocery chains, leading to lower prices for you. The Liberals and Conservatives want better profits for CEOs. I want better prices for everyday people.”