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Top related persons:
Juveria - 1 Anil D'Silva - 1
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Australia Bengaluru
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Competition Bureau Canada - 1 Metro - 1 New Democrats Party - 1 Domestic - 1 NDP - 1 Thomson - 1

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2 mentions found


☆ Canada's grocery industry needs more players to tame inflation - competition bureau
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +1 min
June 27 (Reuters) - More players in Canada's grocery sector are crucial to combat soaring prices of essential goods amid persistent inflation, the country's competition watchdog said in a report on Tuesday. The report is the result of a months-long investigation by the Competition Bureau Canada as stubbornly high grocery prices weigh on the cost of living. These operators have also faced pressure from Canada's opposition New Democrats Party (NDP) for high grocery prices. Domestic retail giants have benefited from demand for essential grocery items, even as the prices of store-bought food outpaced the annual inflation rate for 10 consecutive months last year. Government data on Tuesday showed that grocery prices continued to surge, rising 9% year-over-year in May, while remaining nearly unchanged from the increases recorded in April.
Persons: Juveria, Anil D'Silva Organizations: Competition Bureau Canada, Metro, New Democrats Party, Domestic, NDP, Thomson Locations: Australia, Bengaluru
☆ Canadian watchdog to study impact of competition on soaring food prices
  + stars: | 2022-10-24 | by ( ) www.reuters.com   time to read: +2 min
Oct 24 (Reuters) - Canada's competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. This is especially true when buying groceries," the Competition Bureau Canada said in a statement. Last week, the Canadian parliament supported an NDP proposal asking the government to make grocery store operators more accountable, tougher penalties for price-fixing and stronger competition laws. The Competition Bureau said it would study whether competition factors were impacting the price of food on top of other factors including Russia's invasion of Ukraine and supply chain disruptions, but it was not investigating specific allegations of wrongdoing. ($1 = 1.3705 Canadian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Ismail Shakil in Ottawa Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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