Food price relief won’t come soon: Loblaw

Families waiting for food prices to temper won’t catch a break any time soon, according to Loblaw chairman and president Galen Weston. “We still have over 1,000 supplier requests on our desks for significant cost increases,” he told analysts on a conference call this week. “We continue to believe that these inflationary pressures are temporary and that they will ease with time. But predicting how long that will take is proving extremely challenging.”