Canada needs more competition in grocery store industry federal watchdog finds

📆 28-6-2023 03:00:00
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Canada needs more competition in grocery store industry federal watchdog finds Canada Grocery

stealing overpriced food from storesAfter a months-long probe into the state of competition in the grocery industry, Canada's Competition Bureau has provided recommendations that may ease the pressure on shoppers' pockets.on Tuesday, urging the government to increase competition in the sector.

According to the agency, the country's three largest grocers — Loblaws, Sobeys and Metro — collectively reported more than $100 billion in sales and earned more than $3.6 billion in profits. "But we have also seen a longer-term trend that pre-dates those events, of Canada's largest grocers increasing the amount they make on food sales," reads the report."Canada needs solutions to help bring grocery prices in check. More competition is a key part of the answer."

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Canada's grocery industry needs more competition: Competition BureauGrocers\u0027 gross food margins increased by a \u0022modest yet meaningful amount\u0022 over the last 5 years, a sign more competition is needed. Read on.
Bron: nationalpost - 🏆 10. / 80 Lees verder »