As much as the parliamentary investigation into food inflation is more about political artifice, the Competition Bureau’s study on the food industry announced last fall is the more interesting exercise.
Since last year, the Bureau has been heavily criticized for not upholding a decent level of competition in the food industry and helping consumers cope with higher food prices. The food retail industry is essentially controlled by a handful of players: Loblaw, Empire/Sobeys, Metro, Walmart and Costco sell well over 85% of all the food we buy in Canada, and the Competition Bureau did nothing to prevent that from happening.
"Court documents reported back in 2021 unveiled emails between high-ranking industry executives, including some at Maple Leaf Foods, suggest an intention to synchronize meat prices, resembling the alleged coordination of bread prices. That’s right, meat. Because of the pandemic,… https://t.co/w0Y603yBfC
— The Food Professor (@FoodProfessor) June 12, 2023
10 Dollar Butter is pure Cartel.
