Canada’s grocery business is controlled by large players and needs government assistance to encourage new entrants to bring down prices, a report from the Competition Bureau says.
The report, published Tuesday, is the result of a probe that Canada’s top competition watchdog launched last year, when concern over food prices hit a fever pitch.
The bureau spent months examining many aspects of Canada’s grocery business, which is dominated by three domestic giants — Loblaws, Metro and Sobeys owner Empire — along with foreign players like Walmart and Costco.
Together, those 5 companies combine for more than three-quarters of all the food sales in
