"Canada's Proposed Competition Law Amendments Aim to Curb Rising Food Prices"
TL;DR
Canada is planning to amend its competition laws to allow the regulator to take action against anti-competitive mergers in the grocery sector, as the government aims to address the issue of rising food prices. Prime Minister Justin Trudeau has summoned the heads of Canada's top grocers to discuss their plans to control food prices, and the government may impose new taxes on grocery chains if they fail to provide a convincing plan. The amendments will also grant the Competition Bureau additional powers to gather information for effective market studies.
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- Canada's warning of new taxes on top grocers may not lower food inflation, analysts say Reuters
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