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Tag Archives food prices

The plea proves the price-fixing scheme did exist, which could prompt admissions by others suspected of being part of it.
Comment, Op/Ed

Comment: Show me the money

Canada Bread penalty raises questions about criminal fines

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Canada Bread Company agreed to pay a $50 million fine after pleading guilty to fixing the price of bread earlier this year. This fine is the highest ever imposed for a cartel offence in Canada. Canada Bread’s plea deal is a significant development in the ongoing investigation by the Competition Bureau into an alleged conspiracy.
As Canada’s competition watchdog, the Competition Bureau can review mergers to determine if they will be harmful to competitiveness. But since its introduction in 1986, it has only challenged 18 mergers and has never won a challenge on final judgment.
Comment, Op/Ed

Comment: Lack of competition makes for sick market

Increasing monopoly power poses a threat to Canada’s post-pandemic economic recovery

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Canada is grappling with a significant economic issue: market concentration. A select few corporations dominate key sectors, leading to reduced competition, rising prices and limited purchase options for consumers. Canada’s grocery industry is a prime example. A recent report from the Competition Bureau found that lack of competition in the grocery sector is resulting in
'... we are all actively pursuing special offers, forsaking national brands, and gravitating towards more affordable stores.' – Sylvain Charlebois.
Comment, Op/Ed

Comment: Interest rates affect food choices

Food and shelter are bare necessities and when the cost of one goes up too quickly, consumers cut back on the other

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The Bank of Canada has once again increased its benchmark interest rate. Concurrently, a growing number of financial experts express apprehensions about the potential impact of yet another rate hike on consumers. Their concerns are not unfounded. Let us examine the evidence. Undoubtedly, food and housing constitute the fundamental necessities of life. Pertinent data reveals
'The success of Canada’s economy doesn’t truly rely on a few favoured firms that are able to capture regulators and curry favour with politicians.' – Gord Gilmour.
Editorial, Op/Ed

Editorial: Checks and balances needed

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There’s a deepening need in Canada to increase oversight into competition in our economy, as evidenced by the latest food-related scandal. Canada Bread, an arm of the Mexican multinational Groupo Bimbo, just agreed to pay a $50-million settlement for its part in a bread price-fixing scheme. It was a conspiracy that ran for 14 to
Company executives argued that food price inflation was due to problems with global supply chains in the aftermath of the pandemic.
Comment, Op/Ed

Comment: Grocery Code of Conduct should benefit Canadians and food industry

The code was promised following concerns over grocery inflation

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The cost of filling your grocery cart in Canada increased by 10.3 per cent in 2022 and is projected to increase by an additional five to seven per cent this year. In response to this and other concerns, the House of Commons standing committee on agriculture and agri-food initiated studies on food price inflation and
How can I make the most out of my space? What should I plant? What should my fertilizer plan look like? Expert gardeners answer these questions and more.
Farmit Manitoba

Gardening for a lower food bill

If there was ever a year to maximize garden yields, food price inflation suggests this is it

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Although snow in the third week of April suggests otherwise, Manitoba is only weeks away from gardening season. And while the large farm garden is an institution in rural areas, the memory of soaring lettuce prices and food costs in general may have Manitobans everywhere looking for a little extra from their growing space. Why
There is more at stake when your business, at least partially, is about selling food, a necessity of life.
Comment, Op/Ed

Comment: Read the room

Galen Weston raise falls flat in time of austerity at grocery till

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Canadians often hold their breath as they approach their grocery store cash register these days, but it appears our grocers’ C-suite chains are just getting richer. Galen Weston, president and CEO of Loblaws, will get a hefty raise this year, $11.7 million in salaries and bonuses, up 52 per cent from 2022. Though these past
News

Britain’s Tesco cuts milk price

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Reuters – Britain’s biggest supermarket group, Tesco, has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation may abate in coming months. In March, grocery inflation in the U.K. rose to 17.5 per cent, according to market researcher Kantar. The price rise
Making Canada a more attractive place to invest would generate more competition in the grocery sector and increase consumer protection.
Comment, Op/Ed

Comment: Canadians want more grocery competition

Survey shows Canadians are keenly aware of what’s driving grocery prices higher

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Many surveys suggest that Canadians firmly believe grocery chains are profiteering from food inflation and unnecessarily pushing prices higher. Meanwhile, many experts believe some profiteering is a reality in parts of the industry, and not just in food retail. Food inflation is a worldwide phenomenon. Canada has the third-lowest food inflation rate within the G7+EU
The grocery rebate won’t do much for Canadians over time. This is what happens when you politicize food inflation.
Comment, Op/Ed

Comment: Grocery rebate a misguided budget perk

A better plan would be to task AAFC to develop a program similar to the U.S. SNAP program

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The recent federal budget had more leaks than the Titanic. There were so many leaks ahead of its release on March 28 that most of us already knew what was in it beforehand. Many years ago, ministers of finance would be asked to resign if the secrecy of the budget was breached. These are different

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