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submitted 1 year ago by [email protected] to c/[email protected]

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.

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[-] [email protected] 1 points 1 year ago

"Yeah, no shit" every Canadian says.

[-] [email protected] 1 points 1 year ago

The Weston’s own most of the pharmacy, the grocery, food supply chain, and are moving into healthcare at breakneck pace. No shit it’s too concentrated. We need actual antitrust laws.

[-] [email protected] 1 points 1 year ago

They also own real estate under Choice Properties.

[-] [email protected] 1 points 1 year ago

Sadly it doesn't matter if we have antitrust laws or not when no one is willing to enforce them.

[-] [email protected] 1 points 1 year ago

It does matter, we just need to put more public pressure on them.

[-] [email protected] 1 points 1 year ago

Much cheaper to break up the monopolies and change the system to prevent them forming in the first place. Subsidizing new entrants without changing the environment that creates monopolies will just feed the beasts with fresh meat.

[-] [email protected] -1 points 1 year ago

Exactly. The big corps will just buy the new players and everything will go back to the way it was.

This government has no vision.

[-] [email protected] 1 points 1 year ago

5 companies for food is not enough competition but somehow 3 telecom providers is 🤔

[-] [email protected] 1 points 1 year ago

We just let Roger's buy Shaw, I doubt anything will change.

[-] [email protected] 1 points 1 year ago

Don’t see how this will work? Walmart entered Canada many years ago and does groceries yet pricing all settled out. If Walmart isn’t driving competition and pricing down what will?

[-] [email protected] 1 points 1 year ago

I've seen a couple of (very limited) examples of restaurants using their contracts with suppliers to open small local grocery stores near their restaurants, that undercut the big grocery chains. If anything was possible, I'd prefer more local neighbourhood stores for packaged foods and community garden co-ops combined with farmer's markets for fresh foods.

[-] [email protected] 1 points 1 year ago* (last edited 1 year ago)

I dont know, more competitors would still be better.

Ive seen my local no frills lower prices to match Walmart sales.

[-] [email protected] 0 points 1 year ago

In other news, water is wet!

We used to have laws and regulations in place for stuff like this, same with the USA. As years passed they lost their teeth

[-] [email protected] 0 points 1 year ago

Canada's regulatory agencies feel so incredibly spineless. So many industries here are unchecked oligopolies with skyrocketing prices.

My American friends are jawdropped when I tell them how much food, internet, and cell plans cost here.

[-] [email protected] -1 points 1 year ago

The people in charge... They're all bought and paid for. That's why.

[-] [email protected] 0 points 1 year ago

Regulatory capture is a common theme regardless of industry here

[-] [email protected] -1 points 1 year ago
this post was submitted on 27 Jun 2023
3 points (100.0% liked)

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