With rising prices caused by inflation, Canadians are struggling to afford the basic costs of living. According to a recent Angus Reid Institute study, nearly 60 per cent of Canadians are struggling to provide food for their families. Meanwhile, profits are surging for grocery retailers, raising concerns about monopolies.
In today’s market economy, competition means standing out by offering customers more while working faster for less cost. Among top grocery retailers in Canada like Loblaws, Sobeys and Metro, it also means protecting and growing their dominant market position. The pandemic and other global crises has been especially profitable for the food business sector.
