Freeland to announce plan to cap grocery profits, expand competition in Canada [Video]

Liberal leadership candidate Chrystia Freeland will publish a plan today to lower food prices, attacking a key part of the cost-of-living issue that plagued her for much of her tenure as the minister of finance.

A campaign official speaking on background confirms Freeland will be in British Columbia today as the plan is published.

It will include a promise to cap profit margins for grocers on essential items including eggs, milk, vegetables and baby formula.

She also will promise to make “shrinkflation” illegal, referring to the practice of making containers slightly smaller so consumers barely notice the difference but charging the same price for less food.

Freeland is one of five people running to replace Prime Minister Justin Trudeau, who said last month he will resign as soon as a new leader is elected.

Former central banker Mark Carney, MP Karina Gould, and former MPs Frank Baylis and Ruby Dhalla …