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Needs more competition
- Canada's grocery sector needs more competition to help keep food prices down, give shoppers more choice and encourage new entrants, the country's competition watchdog says.
Jun 27, 2023 · There is no quick fix to improve the state of competition in the Canadian grocery industry. But more competition leads to lower prices for consumers. There are steps that all levels of government can take to help. Canada’s grocery giants. The largest grocery chains tower over Canada’s grocery industry.
Jun 27, 2023 · Canada's grocery business is controlled by large players and needs government assistance to encourage new entrants to bring down prices, a report from the Competition Bureau says.
Jun 27, 2023 · Canada's grocery sector needs more competition to help keep food prices down, give shoppers more choice and encourage new entrants, the country's competition watchdog says.
In October 2022, the Bureau launched a market study of grocery store competition in Canada. The study explored how governments across Canada can promote greater competition in the retail grocery industry. More competition can lead to lower prices, more convenience, and more innovation.
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Competition Bureau makes recommendations to promote competition in Canada’s grocery industry June 27, 2023 – GATINEAU, QC – Competition Bureau
Actions to increase competition would encourage lower prices and more choice for Canadians.
June 27, 2023 – GATINEAU, QC – Competition Bureau
Grocery prices have increased at their fastest rate in more than 40 years, and Canadians are feeling the pinch.
Today, the Competition Bureau has published its market study report ꟷ Canada Needs More Grocery Competition ꟷ which recommends that all levels of Canadian government act to increase competition in the grocery industry.
The report highlights the findings of the Retail Grocery Market Study that the Bureau launched on October 24, 2022. It examines the state of competition in the grocery industry and identifies barriers to increasing competition. It also explores the potential for independent grocers, international grocers, and emerging business models to deliver more competition, innovation, and choice to Canadians.
“As we have witnessed the highest cost-of-living increases seen in a generation, Canadians are recognizing the relationship between a lack of competition and rising prices. By acting now, governments at all levels can take steps towards creating a more competitive grocery industry. Competition can help lower prices and make life more affordable for Canadians.”
Matthew Boswell
•During the study, the Competition Bureau engaged with a wide range of stakeholders, including domestic and international grocery retailers of all sizes, industry experts, international competition authorities, and Canadian consumers.
Over the course of the study, the level of cooperation from stakeholders with Bureau requests for information varied. The Bureau is not able to compel information when it conducts market studies.
The report highlights the findings of the Retail Grocery Market Study that the Bureau launched on October 24, 2022. It examines the state of competition in the grocery industry and identifies barriers to increasing competition.
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Jun 27, 2023 · ‘A handful of grocery giants’: Report finds ‘Canada’s largest grocers (are) increasing the amount they make on food sales,’ recommends four policies to increase competition. Updated July ...
