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Won’t directly lower grocery bills
- The title may give people the wrong idea; Bill C-56 won’t directly lower grocery bills. As Commissioner of Competition Matthew Boswell said to the Senate committee, the reform aims to make the economy more competitive. While competitive markets should lead to lower prices, it’s neither automatic nor immediate.
theconversation.com/canadas-competition-laws-just-changed-heres-what-you-need-to-know-220020Canada’s competition laws just changed: Here’s what you need ...
Dec 4, 2023 · In June, the country's competition watchdog published a report saying Canada's grocery sector needs more competition to help keep food prices down, give shoppers more choice and encourage...
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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.
Feb 8, 2024 · A bill that aims to lower grocery prices in Canada and "crackdown on corporate greed" passed its second reading in the House of Commons on Wednesday. Bill C-352 — titled "An Act to Amend the...
Sep 14, 2023 · The federal government is demanding major Canadian grocers come up with a plan to stabilize prices, drawing pushback from the food industry. Prime Minister Justin Trudeau on Thursday said the...
A bill that aims to lower grocery prices in Canada and “crackdown on corporate greed” passed its second reading in the House of Commons on Wednesday. Bill C-352 — titled “An Act to Amend the Competition Act and the Competition Tribunal Act”— was introduced by NDP leader Jagmeet Singh last September. “Major breakthrough!
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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.
