Commentary
A recently released report from the Canadian Competition Bureau confirms what grocers have been saying all along: There is no “greedflation” happening in the retail food market and profit margins for retailers are low.
And although the bureau did note that consumers would be better served if there were more competitors in the retail food market, it pointedly omitted any mention of Canada’s anti-competitive supply management system in dairy, poultry, and eggs which for decades has been increasing the price of food staples in Canada.
If the federal government truly wants to reduce the cost of food for Canadian families, it should examine ways to end the supply management system rather than demonize food retailers operating on slim profit margins, while threatening them with windfall taxes….