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

A recent report from Canada's competition watchdog found that a lack of competition in the grocery sector has led to higher prices for consumers. THE CANADIAN PRESS/Graeme Roy

Canada is currently 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 of this. A recent report from the Competition Bureau found that a lack of competition in the grocery sector is resulting in higher food prices.