Prime Minister Justin Trudeau’s proposed reforms to competition law are being welcomed by some advocates as a step toward making Canada’s corporate sector more competitive. Whether his move will quell voters’ frustration about prices is another matter.
Trudeau pledged on Thursday to give the Competition Bureau more power to force companies to hand over information for investigations, and to act against firms that are trying to co-operate with each other in ways that “stifle competition and consumer choice.” It’s a response to months of sinking poll numbers that show many Canadians blame the government for inflation.
The government also plans to change the law to eliminate a clause that, in rare circumstances, has allowed companies to push through mergers that were harmful to competition. The grocery industry has become a political target in Canada because of elevated food inflation — made worse in some cases by a weaker Canadian dollar, which drives up the cost of imported US goods. Canada has three large national grocers — Loblaw Cos., Empire Co. and Metro Inc. — that compete with Walmart Inc. and regional chains.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
‘That’s definitely my goal’: Coronato takes aim at roster spot with FlamesAt his best, Calgary Flames forward prospect Matthew Coronato is relentless, tenacious, a guy who works his tail off. Sound familiar? “When Matthew ...
Lire la suite »
‘That’s definitely my goal’: Coronato takes aim at roster spot with FlamesStarting with three auditions at the Young Stars Classic, Calgary Flames prospect Matthew Coronato wants to prove he\u0027s ready for the NHL.
Lire la suite »
Ourboro's Co-Ownership Model Takes Aim At Rental, Housing Market Crises'We thought that a private sector solution for democratizing home ownership was crucial, and we thought we would take that on.'
Lire la suite »
NDP's Singh to champion bill aimed at tamping down corporate powersNDP Leader Jagmeet Singh will kick off the fall sitting by tabling a bill aimed at empowering Canada's Competition Bureau to tamp down corporate powers and practices such as price gouging, CTV News has learned.
Lire la suite »
Candidates in Ontario Liberal leadership debate take aim at Bonnie CrombieCandidates in the Ontario Liberal Party's race to become the next leader kicked off the first official debate by taking aim at perceived front-runner Bonnie Crombie.
Lire la suite »
Candidates in Ontario Liberal leadership debate take aim at Bonnie CrombieTHUNDER BAY, Ont. — Candidates in the Ontario Liberal Party's race to become the next leader kicked off the first official debate by taking aim at perceived front-runner Bonnie Crombie.
Lire la suite »