Canada Plans To Amend Competition Laws To Control Rising Food Prices
September 18, 2023
In response to escalating food prices, Canada is set to revise its competition laws, empowering regulators to intervene in anti-competitive mergers within the grocery industry. Prime Minister Justin Trudeau has called a meeting with the leaders of Canada’s major grocers to address strategies for price control. Should these companies fail to present a viable plan to curb rising food costs, the government is considering the implementation of new taxes on them.
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