Competition policy becoming a ‘kitchen-table issue’ for Canadians amid inflation
across different sectors of the economy has become a “kitchen-table issue” at a time when the federal government is reviewing its competition law.and the owners of the Toronto Star, recently confirmed talks about a potential merger, signalling more consolidation in an industry that already has a limited number of players.called for more competition in the grocery sector, tying the higher prices to the limited options for consumers.
And as Canadians struggle with high inflation, Boswell said it’s easy to see how competition policy “has gone from being a podium topic to a kitchen table issue across the country.”Keldon Bester, co-founder of the Canadian Anti-Monopoly Project, said inflation and a global conversation about corporate power have made people more aware of the role competition plays in their day-to-day lives.
The Competition Bureau’s report last week found grocery margins have grown modestly yet meaningfully over the last five years, though the trend predates the current bout of high inflation. A spokesperson for Industry Minister Francois-Philippe Champagne called the report a good first step, and said the federal government would be reviewing the recommendations to see how it can make Canadians’ lives more affordable.
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