Canada\u0027s grocers face scrutiny from the Competition Bureau amid concerns that supermarket giants took advantage of the inflation crisis.
In an announcement Monday, the Competition Bureau said it wants to know “why prices are so high right now” and whether a lack of competition in the sector is partly to blame.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The bureau is opting to study the big grocers’ market dominance amid a reckoning in the industry. The country’s top three grocers, Loblaw Companies Ltd., Sobeys’ parent Empire Co. Ltd., and Metro Inc., are facing mounting public scrutiny, including , around how they managed to increase profits while shoppers faced the worst food inflation in four decades.Article content