this post was submitted on 15 Sep 2023
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Trudeau announces new measures to deal with housing, grocery prices (www.cbc.ca)
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca
14 comments fedilink hide all child comments
 

Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.

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[–] frostbiker@lemmy.ca 2 points 1 year ago* (last edited 1 year ago) (1 children)

If you place price caps on a product that are below the point where it is profitable for companies to sell it then they will simply stop stocking them in in their shelves. There is historical precedent, too.

[–] zephyreks@lemmy.ca 3 points 1 year ago (1 children)

Profitability has clearly not been a problem for smaller grocers. Why is it only a problem for the big chains?