Consumers are far better off when businesses price as they please than when competition bureaucrats dictate how they behave. Read more.
But while price-fixing is indeed against the law, how serious it is and how vigorously it should be prosecuted in the name of benefiting consumers is another matter. It is certainly not illegal for Metro, Sobeys, and the rest to stop selling bread altogether — to agree, in effect, that in their stores the quantity of bread available for sale will be zero, and so the effective price infinity.
The Competition Bureau’s latest effort to impose government control over markets, supposedly to help consumers, came in the form of its. The federal and provincial governments, the report recommends, should consider working together to “develop a Grocery Innovation Strategy.
The Grocery Innovation Strategy could include, the Competition Bureau suggests, grants and incentives to smaller or less established players in the grocery sector, particularly those trying to launch online grocery businesses. In other words, in order to help Canadians pay less at grocery stores, the Competition Bureau recommends the government give their tax money away to government-chosen grocery stores. That is clearly nonsense.
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