Canada plans to amend competition laws to control rising food prices

Metro

15/09/2023 21:04

Sept 15 (Reuters) - Canada plans to amend its
competition laws to enable the regulator to act against
anti-competitive mergers in the grocery sector, as the
government steps up efforts to battle rising food prices. 
    Canadian Prime Minister Justin Trudeau on Thursday said he
had summoned the heads of Canada's top grocers to Ottawa next
week to discuss their plans to control food prices. 
    The government could impose new taxes on the grocery chains
if they do not provide a convincing plan to limit the rise of
food prices, Trudeau said.
    The amendments will also provide the Competition Bureau with
powers to compel the production of information to conduct
effective market studies, a release, dated Sept. 14, from the
Prime Minister's Office said.

 (Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj
Kalluvila)
 ((DeborahMary.Sophia@thomsonreuters.com;))