grocery-store-1024-phCanada’s federal competition watchdog launched a probe of the grocery business amid rising public concerns that the country’s three supermarket giants took advantage of runaway food inflation to pad their profits. The Competition Bureau said Oct. 24 that it wants to know “why prices are so high right now,” and whether a lack of competition in the sector is making the problem worse. “More competition means lower prices,” the bureau said. “Others say that grocers are charging higher prices because they do not face enough competition. The Competition Bureau stressed that its “market study” of the grocery sector isn’t a law enforcement investigation and it won’t be looking at “any specific allegations of wrongdoing,” according to its market study notice.

Source: National Post October 25, 2022 05:44 UTC