Canada Innovation Minister Says Major Grocery Chains Have Made An Initial Commitment To Stabilize Food Prices; People Will See Discounts Across A Basket Of Food Products, Price Freezes, And Price Matching Campaigns
Portfolio Pulse from Benzinga Newsdesk
Canada's Innovation Minister has announced that major grocery chains have made an initial commitment to stabilize food prices. This will result in discounts across a variety of food products, price freezes, and price matching campaigns.
October 05, 2023 | 5:27 pm
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NEUTRAL IMPACT
The commitment by major grocery chains to stabilize food prices in Canada could potentially impact the iShares MSCI Canada ETF (EWC), which includes grocery chains among its holdings.
The commitment to stabilize food prices by major grocery chains in Canada could have a neutral impact on the iShares MSCI Canada ETF (EWC). While this could potentially lead to lower revenues for the grocery chains, it could also increase consumer spending due to lower prices, which could offset the impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50