Canada Food Security Plan Aims to Lower Prices, Cut Imports (1)

Prime Minister Mark Carney’s government rolled out a plan to address food security and affordability as the high cost of groceries continues to be a major pain point for Canadian consumers.

The strategy released Thursday earmarks C$3.2 billion ($2.3 billion) over ten years to increase competition in the grocery sector, process more food domestically and grow the country’s capacity to produce fruits and vegetables year-round. The plan includes new spending as well as redirected funds.

The plan represents an attempt by Carney’s government to respond to food inflation concerns and concentration in the grocery market. The cost of groceries ...