Canada’s inflation rate has risen, but the effect on the market is negligible, according to major retailers, because of competitive pricing battles among grocery retailers. The Canadian company Metro Inc. reported sales of $3.6 billion , an increase of 0.4%, for the fiscal third quarter. Net earnings of $127 million for the quarter went up by 4.1%, while EBITDA broke even at $252 million. Eric LaFleche, the company’s CEO stated: “"Promotional activity is aggressive and consumer remained very cautious."<hr class="legacyRuler"><hr class="invisible minimal-padding">The introduction of a slew of Walmart stores to the Canadian market means that promotional pricing is essential for maintaining sales rates. The inflation period comes after two years of deflation in Canada and has remained fairly modest.<hr class="legacyRuler"><hr class="invisible minimal-padding">http://www.metro.ca/en/on/home.html<hr class="legacyRuler"><hr class="invisible minimal-padding">
