How Will Trudeau’s Legislation To Increase Grocery Competition Look Like When It’s Dominated By Big Three?
In another episode of seemingly empty words, Prime Minister Justin Trudeau unveiled a series of ambitious actions aimed at addressing the increasingly burdensome issue of high food prices that have been plaguing Canadian households. The announcement comes as Canadians grapple with the rising cost of living, and the government is determined to provide relief to its citizens.
“We’re taking urgent action to address the high cost of food – we’ve tasked the country’s largest grocers with stabilizing prices and we’ve introduced legislation to increase competition in Canada. We’ll keep working to drive down costs and make life more affordable for Canadians,” Trudeau tweeted.
The tweet outlined a seemingly multi-pronged approach to combat the rising cost of food, including calling upon the largest grocery store chains in the country to take immediate steps to stabilize food prices.
Trudeau’s tweet also highlighted the introduction of new legislation designed to increase competition within the Canadian food industry.
The announcement has been met with skepticism from various quarters. Critics have expressed concerns about the effectiveness of these measures, questioning whether they will lead to lasting change.
Others are pondering on the measures the said legislation would contain, given that the Canadian grocery industry is dominated by the big three retail companies: Empire, Loblaw Companies, and Metro.
This is not the first time Trudeau put pressure on the grocery chains to alleviate the burden of increasing retail prices. The top dogs of Canada’s major grocery chains were in Ottawa in September for a hastily-called pop quiz from Trudeau’s top federal cabinet ministers demanding a foolproof plan to “stabilize” surging grocery prices and restore what’s left of the prime minister’s credibility on major economic issues plaguing Canadians. However, there seems to be no tangible steps that arose from said meeting.
Alongside, Trudeau also issued a stern warning to grocery chains, signaling the possibility of imposing new taxes if they fail to rein in the escalating food prices. During a caucus retreat in London, Ontario, Trudeau left no room for ambiguity, stating, “If their plan doesn’t provide real relief for the middle class and people working hard to join it, then we will take further action, and we are not ruling anything out including tax measures.”
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