yyctimes

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Calgary highway closed after serious collision

    March 27, 2023

    Ten people injured after house explosion in northeast Calgary

    March 27, 2023

    House explosion, fires rock northeast Calgary – Calgary

    March 27, 2023
    • Home
    • Contact Us
    Facebook Twitter
    yyctimes
    yyctimes
    Home » Feds to investigate fastest spike in grocery store prices in 40 years
    yyctimes

    Feds to investigate fastest spike in grocery store prices in 40 years

    yyctimesBy yyctimesOctober 24, 2022No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Grocery store prices have seen an unprecedented spike across the country, and now the Fed is launching an investigation to investigate why.

    On Monday, the Competition Bureau of Canada announced it will study grocery store prices to help find ways to combat food inflation. Even though inflation has eased overall this summer, food prices have remained up and down.

    “Grocery prices in Canada are rising at the fastest rate seen in 40 years,” they noted, adding the factors that have been blamed so far: the war in Ukraine, supply chain disruption, extreme weather and higher input costs.

    The study will continue through June 2023, and officials will seek answers to three primary questions to see if competitive factors are also at work.

    Here’s what they hope to answer:

    • To what extent are higher grocery prices the result of changing competitive dynamics?
    • What can we learn from steps other countries have taken to increase competition in the sector?
    • How can governments lower barriers to entry and expansion to stimulate competition for consumers?

    “Competition benefits all Canadians,” the Bureau wrote. “More competition means lower prices, more choices and better convenience for consumers.”

    Anyone interested in providing submissions on these questions and any other matters relevant to retail grocery competition in Canada is invited to do so. The deadline for submissions is December 16.

    “This study is not an investigation into specific allegations of infringement,” the Competition Bureau explained. “If we do find evidence during this study that someone might be doing something against the law, we will investigate and take appropriate action.”

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    yyctimes
    • Website

    Related Posts

    Calgary highway closed after serious collision

    March 27, 2023

    House explosion, fires rock northeast Calgary – Calgary

    March 27, 2023

    Woman dies after hitting steel cable while snowmobiling on river in central Alberta: RCMP

    March 27, 2023

    Kate Beaton’s graphic memoir ‘Ducks’ gives insight into working at Alberta’s oilsands

    March 27, 2023

    Edmonton prepares to bid farewell to 2 slain police officers at regimental funeral Monday

    March 27, 2023

    ‘Shock to the system’: Magic of Christmas in search of new Calgary home after rent increase

    March 26, 2023

    Leave A Reply Cancel Reply

    Don't Miss
    yyctimes

    Calgary highway closed after serious collision

    By yyctimesMarch 27, 2023

    The Calgary Police Service informed QR Calgary officers responded to calls round 11:30 a.m. a…

    Ten people injured after house explosion in northeast Calgary

    March 27, 2023

    House explosion, fires rock northeast Calgary – Calgary

    March 27, 2023

    Alberta woman killed after snowmobile collides with steel cable

    March 27, 2023
    Our Picks

    Calgary highway closed after serious collision

    March 27, 2023

    Ten people injured after house explosion in northeast Calgary

    March 27, 2023

    House explosion, fires rock northeast Calgary – Calgary

    March 27, 2023

    Alberta woman killed after snowmobile collides with steel cable

    March 27, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Our Picks

    Calgary highway closed after serious collision

    March 27, 2023

    Ten people injured after house explosion in northeast Calgary

    March 27, 2023

    House explosion, fires rock northeast Calgary – Calgary

    March 27, 2023
    New Comments

      Type above and press Enter to search. Press Esc to cancel.