Canada’s grocery business is controlled by large players and needs government assistance to encourage new entrants to bring down prices, a report from Canada’s Competition Bureau says.
The report, published Tuesday, is the result of a probe that Canada’s top competition watchdog launched last year, when concern over food prices hit a fever pitch.
The bureau spent months examining many aspects of Canada’s grocery business, which is dominated by three domestic giants — Loblaws, Metro and Sobey’s owner Empire — along with foreign players like Walmart and Costco.
Nothing will come of this. Canada is the land of Milk & Honey – for Oligopolies.
