Canadian Finance Minister Freeland said government will do all it can to stabilize prices

<p>The comments came in reference to Industry Minister François-Philippe Champagne and Finance Minister Chrystia Freeland meeting on Monday with the heads of Canada's five largest grocery chains.</p><p>The 5 chains have "agreed to work with" the federal government to stabilize food prices said Champagne. More:</p><ul><li> "As you would expect, those are difficult discussions but much-needed discussions at a time that Canadians are feeling the high prices of groceries," </li><li>

"I appreciate the constructive nature of the discussions we had. Bottom line is that they agreed to work with the government to stabilize food prices in Canada."</li></ul><p>Stabilzing prices would further support the Bank of Canada remaining on hold.</p><p>The latest from the BoC:</p><ul><li><a href="https://www.forexlive.com/centralbank/bank-of-canada-holds-rates-at-500-as-expected-20230906/" target="_blank" rel="follow" data-article-link="true">Bank of Canada holds rates at 5.00% as expected</a></li><li><a href="https://www.forexlive.com/centralbank/bank-of-canada-left-5-overnight-rate-unchanged-rbc-expect-itll-stay-there-through-2023-20230906/" target="_blank" rel="follow" data-article-link="true">Bank of Canada left 5% overnight rate unchanged, RBC expect it'll stay there through 2023</a></li><li><a href="https://www.forexlive.com/centralbank/bocs-macklem-we-are-concerned-that-progress-in-bringing-down-inflation-has-slowed-20230907/" target="_blank" rel="follow" data-article-link="true">BOC's Macklem: We are concerned that progress in bringing down inflation has slowed</a></li><li><a href="https://www.forexlive.com/centralbank/macklem-qa-maybe-we-dont-need-to-do-more-maybe-we-do-on-interest-rates-20230907/" target="_blank" rel="follow" data-article-link="true">Macklem Q&amp;A: Maybe we don't need to do more, maybe we do' on interest rates</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.