Residents of Ontario and Canada have very limited options when it comes to airlines, telecom providers, and supermarkets, but that may eventually change as new players in the industry are introduced.
Source: Taken by 51 reporters.
This week, Canada's Minister of Innovation, Science and Industry, Fran Ois-Philippe Champagne, said he had been liaising with international chains that had not yet opened stores in Canada and trying to convince them to consider doing so in order to give Canadian supermarkets much-needed competition.
In an interview on Wednesday, Champagne said he would "work with any merchant willing to consider it," adding that Canada has not had such a new competitor in its market "for a long time," but there has been more push recently.
Picture: x Of course, this is because many people in the country face the problem of not being able to afford basic necessities, loblaws, metro and sobey'There are countless stories of Walmart overpricing.
For consumers, executives say, it's only going to get worse.
Last week, Lobaw Companies IncChairman Galen Weston said that if the federal ** tries to impose more rules, the cost will eventually be passed on to shoppers.
And Dollarama CEO Neil Rossy said yesterday that the same will be done by the company.
Picture: x But the public has been making record-breaking profits at grocers in recent quarters and finding their profits so high that it is doubtful that despite constant prices, grocery inflation has somehow outpaced the headline inflation rate and is growing at its fastest rate in 41 years.
Various legislation, such as the Consumer Wellbeing and Corporate Wellbeing Act, the Housing and Grocery Act, the affordable bill, and the renewal of the Competition Act, advocated by Champagne, and the introduction of new retailers, could change that.