Shoppers browse goods in the produce section of a Toronto Loblaws on Friday, May 3, 2024. THE CANADIAN PRESS/Chris Young
On Thursday, Loblaw said it would sign on to the grocery code of conduct after months of negotiations to clarify parts of the agreement.The code is meant to level the playing field for suppliers and smaller retailers in the Canadian food industry. Last December, Loblaw said it wouldn’t sign the code as it stood then over concerns it would raise prices for Canadians.
The grocers, including Loblaw, have pushed back on allegations that they profited off of food inflation. Walmart Canada, which also expressed concern last December that the code would raise prices for Canadians, has not committed to signing it. The company said Thursday that it's reviewing the latest version.
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