Competition Bureau to release study on grocery sector concentration and food costs

GATINEAU, Que. –

Canada’s competitors watchdog is predicted to launch a examine at present inspecting whether or not consolidation within the grocery sector is contributing to rising meals prices.

The Competition Bureau introduced the examine final fall as grocery costs rose on the quickest tempo in 40 years.

It stated the examine would study three broad questions: how grocery sector competitors impacts costs, what Canada can study from different nations which have taken steps to extend competitors and the way governments can decrease limitations to entry and enlargement within the sector.

Many Canadians purchase groceries from retail chains operated by considered one of three corporations: Loblaws, Sobeys, and Metro.

Other vital retailers embody Costco and Walmart, in addition to impartial grocers.

The Competition Bureau says when customers have extra decisions between grocery shops, they’re more likely to pay decrease costs, acquire higher comfort and be served by larger ranges of innovation.

This report by The Canadian Press was first revealed June 27, 2023.