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Lead story Forex Loblaw’s Weston Warns of Renewed Food Inflation Threat Galen Weston, the billionaire owner of Loblaw Cos., warned that surging energy prices could bring back food inflation in Canada. He cited disruptions in global oil supplies due to Middle East conflicts as a key concern, though he doesn’t expect inflation to hit the 11% peak seen in 2021. Grocery prices in Canada have risen by 33% over the past six years, and the Bank of Canada raised interest rates this week to combat inflation. Weston recalled facing public backlash during the Covid-19 pandemic for high food prices, but defended his company’s limited control over pricing. Sentiment -3 Clout 78 Speculation 4 CAD

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