Cheaper child flights and other ways the fiscal update impacts you
fall economic statement (FES), which is effectively a supplement or update to the vision laid out in the federal budget.“That is why we are making generational changes to competition law in Canada, including by cracking down on predatory pricing and other tactics that big corporations use to raise costs for Canadians,” Finance Minister Chrystia Freeland said.The FES discusses measures taken earlier this year, including Innovation Minister Francois-Phillippe Champagne calling on Canada’s major grocers to find ways to stabilize prices. Like Champagne’s prior comments, the FES says further actions are not ruled out, including tax measures for the grocery sector.The document also emphasizes in-progress work on Competition Act reforms, including honing in on “predatory pricing” by large companies.
A government official says the high price of groceries is part of this, but the broader focus on this work is economy wide and not meant to target any specific industry.Conservative Leader Pierre Poilievre says the government’s record has only widened the gap between the richest and poorest in society, and the Liberal fiscal record has demolished the middle class.“Inflation after hitting 40-year highs is back on the move, the economy is shrinking, and if you add in per capita terms it is plummeting.”NDP Leader Jagmeet Singh also focused in on the grocery costs, criticizing the government for being too slow address rising food costs.“This is the 23rd month that food inflation has outpaced general inflation. So now we have finally been able to force this government to act and there is clear commitment to take on corporate greed,” Singh said.As part of a suite of measures against “junk fees,” the government announced in the fiscal
. Read more on globalnews.ca
