Guelph Politicast

The grocery industry in Canada is the epitome of monopoly; the Competition Bureau in 2023 reported that 75 per cent of all grocery purchases are made at one of the five major chains in Canada. In the wake of high grocery prices, which has been one of the pinchiest of pinch points in the post-COVID economy, people have wanted to see changes in the industry, so does that start with a more level playing field? There’s been a lot of calls for action when it comes to grocery prices, but the issues actually go deeper. A 2021 report from the federal government found a lack of consistency and formality in the way that retailers were dealing with suppliers in Canada’s grocery chain. Mike Von Massow, a food economist at the University of Guelph told the CBC last year that this is due to the concentration of power in the five major retailers in Canada: Loblaw, Metro, Empire, Walmart and Costco. That’s why the Grocery Sector Code of Conduct was created. It’s meant as a conflict resolution device that will create more tra