Canadians have only a few grocery giants from which to choose and that lack of competition means higher prices, lower product quality, and less choice, according to a new report by the Canadian Competition Bureau.
The federal department released a grocery market study report, “Canada Needs More Grocery Competition,” on June 27, saying grocery prices have risen at the fastest rate in the country in more than 40 years.
“Canadians are feeling the pinch,” the Competition Bureau said in an accompanying news release.
“The price Canadians pay for groceries has been rising fast,” the report notes. “So what is the solution? In our view, Canada needs more grocery competition.”…