Canada is set to revise its competition laws with a focus on tackling anti-competitive mergers within the grocery sector, as part of a broader effort to combat the escalating costs of food.
Prime Minister Justin Trudeau announced that he will be meeting with the leaders of Canada’s major grocery chains in Ottawa next week to address their strategies for curbing food price increases. Trudeau warned that if these companies fail to present a viable plan to restrain food price hikes, the government might consider imposing additional taxes on them.
Related: Canadian Watchdog Probes Price Hikes In Grocery Sector
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