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Industry NewsLoblaw raises affordability alarm as grocery code of conduct nears completion: Report

Loblaw raises affordability alarm as grocery code of conduct nears completion: Report

Loblaw Companies Ltd. said it’s worried the code could “raise food prices for Canadians by more than $1 billion” in a letter sent to members of both the steering committee developing the code and the industry sub-committee on Nov. 1, and obtained by The Canadian Press, as reported by BNN Bloomberg.

The grocer cannot endorse the code in its current form, wrote chief financial officer Richard Dufresne in the letter, requesting a special meeting of the industry sub-committee to address Loblaw’s concerns.

In a statement, Loblaw spokeswoman Catherine Thomas said the draft code has “a number of challenges,” which the grocer believes could risk product availability and increasing food prices.

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