Loblaw, Sobeys accused of anticompetitive conduct | Canada's Competition Bureau
Вставка
- Опубліковано 30 вер 2024
- Canada's Competition Bureau has launched investigations into Loblaw and Sobeys parent companies. Sylvain Charlebois offers his take.
Subscribe to CTV News to watch more videos: / ctvnews
Connect with CTV News:
For live updates and latest headlines visit: www.ctvnews.ca/
For breaking news, fast, download the CTV News App: www.ctvnews.ca...
Must-watch stories and full programs at www.ctvnews.ca/...
CTV News on TikTok: www.tiktok.com...
CTV News on X (formerly Twitter): / ctvnews
CTV News on Reddit: / ctvnews
CTV News on LinkedIn: / ctv-news
---
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
Most grocery stores are scamming the consumers. They simply downsized the size of the container and charged the same....this is riduclous!
Welcome to Justin Economics .
It's called shrinkflation done by the manufacture. keep the size increase the price. One major cause of high prices in Canada no one talks about is the low Canadian dollar caused by government reckless spending.
I believe they squeeze their supplier’s too and to hear the price fixing is still going on enough CEO’s ridiculous salaries wile chincing the workers barely making a living
@@christopherblack4520 Yes we have all known about it for over a decade . It's only new to you and Joe Biden .
They just care about their managers and CEO.
Now do Telus, Rogers, and Bell!! 🎉
Then do the dairy industry.
Might remember they did say "The Rogers/Shaw merger harms the consumer" It still happened though.
How is it "unlawful" for the Competition Bureau to do what it was created to do...
This has been a thing for years!
Your right!
Sylvain Charlebois just said that 9 year scandal for just bread imagine other staple Canadian food.
Competition in Canada is obviously joke after joke
Nothing against anyone already here but what is government doing about overwhelming immigration from countries like india. Immigration without diversity is a disaster
Might as well throw Metro Inc in there. A mall near me has a Metro, and Metro’s deal with the mall stipulates that they’re the only ones allowed to sell dairy or bread, to the point where even if any coffee shops attempt to open in the mall they aren’t allowed to add milk or cream to their coffee, aren’t allowed to offer bagels with cream cheese, etc. It’s absurd.
You're right..i totally forgot about that. That is 100% illegal in fact, just nobody knows..a few dollarama workers here and there..you..me..not many others.
No kidding and the government doesn't do anything to make it more competitive.
how many grocery stores would you like in a small town?
The Competition Bureau is a JOKE
They are just there collecting checks and are not doing their jobs or minimal at best.
The entire Canadian government is a joke.
They are excellent.
Nothing against anyone already here but what is government doing about overwhelming immigration from countries like india. Immigration without diversity is a disaster
It is a joke. the five big grocers will not tolerate the government going back to the days of having structures that reduced the formation of monopolistic outfits and the tools to divest them if they arose. Lobbyists for these outfits have way too much influence on the tax regime.
Remember when Loblaws and Sobeys fixed the price of bread for like a decade and no one was criminally punished?
Same old same old. And they still have a great sense of entitlement from being spoiled over the years by a system that allows a big corporation to manufacture loses and failures that get socialized at the tax payers expense.
This is typical of business in Canada. Rather than allowing for real competition to bring prices down, grocer's attitudes seem to be "You consumers ought to be grateful you have a store at all, and you should know not to complain!" The Telecoms are the same way.
And dairy cartel.
The big five grocers have a great sense of entitlement that comes from being spoiled over the years by a corrupt tax system that allows them to manufacture loses and failures that get socialized at the tax payers expense, as taxpayers have to mitigate the cost of this socialization. No wonder we have an economy where the small guy and small businesses have to mitigate the lack of real capitalistic competition. Such is the realty when we see Canada having a distorted and pernicious form of competition because it has primarily an economy of monopolistic power that exploits a population, rather than serving it.
Really? They're just doing this now. So Canadians have been suffering for quite some time now from sky high food prices and the bureau has just figured this out now.....unbelievable
Government works slow but with remote workers it will now be getting even slower. On the other hand they are working while many gen-z find it too challenging to go full-time altogether.
Is anyone surprised?
We have a competition bureau? Maybe its in concept only, like free markets
Don’t understand free markets eh
Recall the price fixing for bread? History repeats itself
Brings to mind compounded markup, where a parent company, more so a monopolistic outfit, inflates and manufactures overhead by means of using too many of its subsidiaries unnecessarily in order to inflate the price several times; a form of hidden price gouging. The most effected products of this is bottled water, baking products, and brand name drugs. Compound markup in not only confined to subsidiaries; we see it also in transport that affects prices on the shelves. Just one of the ways to collectively disguise price gouging as “inflation”. This gimmick does create some jobs, but mostly low paying ones; and also indirectly over time devalues the earnings of the consumer.
Competition among corporations is pretty much dead in Canada. That is why we pay so much for everything. There is no competition to drive down prices. And no party is going to do a thing about it. pierre will avoid saying anything on it and trudeau will talk about it and do nothing. No point saying anything on NDP as we have never had the NDP win at the federal level. We just go from conservative to liberal and back repeat.
Pierre and the villainous Cons actually voted against bringing competition in to the Canadian market to lower grocery pricings. Trudeau called him out in the HoC at least 3x and he never denied it.
They also sold off Petro Canada under mulroney to a foreign buyer. And then allowed them to take the money we got to use for exploration. It was the liberals who created the corporation and we the tax payer paid for it. Only for the conservatives to privatize our natural resources to foreigners.
politicians all have their hooks in this cookie jar too. Literally fascism
Unfortunately George Weston Ltd. to a great extent has a stranglehold on the country like some other monopolistic outfits do. Canada has a distorted and pernicious form of competition. This is because it has primarily an economy of monopolistic power that limits real capitalistic competition. Monopolistic competition, is what we are primarily seeing in Canada, which is when any product is being offered by a handful of sellers effecting a small competition between them hence very little control from the buyer front.
All the smaller independents get bought out or driven out of business with the major players undercutting prices until they close, then up go the prices.
Exactly what happened to me in Alberta.
another day, another fleecing
Now that we stopped shopping there...hmmm, we should look into these monopolies. Ticketmaster, go figure....20 years of monopolies = almost 0 advancement. It's the 90s with more cell phones.
That's hilarious when Loblaws calls an inquiry "unlawful".............you know they broke the law then!
This is the problem when only two companies are monopolizing the market. This doesn't happen in grocery food industry only. In telecommunications too, lack of competition is rampant particularly in Canada.
Don't forget Metro... I am sure they are part of it!
maybe the federal-Conservative party & Ontario PCs could ask their senior-advisor Jenni Byrne for some helpful insight, seeing as how she's a Loblaws-lobbyist
Maybe they could hire Jagmeets brother who works for Metro .
This is a Liberal mess caused by free money, over spending, a low Canadian dollar, out of control immigration which causes out of control inflation. Another note plastic keeps food fresh longer Liberals want to get rid of all single use plastic which will lead to waste and higher prices. Keep voting Liberal/NDP all the way to the poor house.
Cons love that sort of unscrupulous business practice.
Pierre pOilievre voted against bringing more competition into the Canadian market to lower prices and not a single villainous Con chides him for this, but cry about the carbon tax of which they get rebates back.
@@BobBob-b5d Why would the conservatives or any political party love that ?
It was conservatives that sold off Petro-Canada. Petro-Canada was a corporation started by the Liberals. Ya, why do the conservatives sell off our industries to foreign buyers.
Here's why I have stopped shopping at Loblaw, Shopper's, SuperStore, and No Frills, unfair pricing amongst their own stores.
Prices for the identical products between locations can vary between $1 up to $5 more .
How can that be?
Fraud is how I see it. Price gouging and corporate greed another.
Tomorrow they will discover water is wet.
Make a law big corp cant buy out or absorb smaller companies
Your just gonna end up with a buncha small grocery owners who retire broke when they can’t sell off their business when they hit retirement. The thing is we are so anti entrepreneurial no one is getting in to the small grocery game. It’s basically old Italians and Portuguese, and some new Canadians such as Indians.
@@colinjohnston5734 So leave it the way it is that really seems to be working
well that would be wonderful .. with much much higher prices. All the little guy grocers in my region have their prices far higher than either Loblaws subsidiaries, Walmart or even Sobeys subsidiaries. Go to small villages and youre at the mercy of TruValue Foods or some local general store owner who charges 30-50% more than what Loblaws or Walmart charges - without exception. Same with the hobby farm stands around me: produce for double the price of the big grocers.
@@planesandbikes7353
Economies of scale. And little guy grocers can't buy in bulk as they don't have the revenue or space to support it.
GREED
lol you don’t say.
how about that?
It’s because competition bureaucrats have invested in loblaws competitors.
Get rid of Lawblaws and independent! And metro! They have been screwing customers for years.
Competition ?
In Canada there is little of that with protectionism
this guy 🤡🤡🤡🤡🤡
He is doing PR work for Loblaw 😅
The grocery monopoly in Canada is ridiculous, and Canadians are taking a stand
Unfortunately too many think monopolistic outfits are "normal" and a fact or way of life. That price gouging is somehow "capitalism" and necessary.
Make the essentials for life not-for-profit
Ha not for profit is just a way for tax breaks! Just look at any CEO’s salary! Volunteer still gets paid just doesn’t have to claim the income
And then run into chronic shortages.
Nothing will happen. Remember the phone companies and mergers. They merged to reduce rated 😂 according to the competition bureau
Go after all the real estate price-fixers and maybe I'll believe the Competition Bureau is even remotely fit for purpose.
lob laws has deep pockets for lawyers and have ruined many small companies with this practice
the self-proclaimed “Food Professor” who received a $60,000 research grant from the Weston Foundation in 2018, is, with rare exception, one of Loblaw's most fervent defenders in Canadian public discourse
Competition Bureau o Monopoly Facilitator. Any way you say it is the same.
And their just figuring this out now...Corruption at its finest !!!!
Sobeys sucks. Everything costs more there.
"lmao starve you peasants." -Galen Weston
Same rules apply to Jim pattison ?
how much you want to bet nothing is going to happen? We all know they are price gouging for max profit., We are not stupid. Eat the rich
I just love how they keep classifying these little companies “the big three” these a low volume grocers.
Loblaw Blah Blah
No way the Competition Bureau is actually doing something.
Big city grocerie stores should have a higher tax rate same for professionals like doctors and dentists to lower food costs. We need a new government department to study the matter. Put a cap on chain saleries.
LOL.
What do doctors and dentists have to do with the price of food.? I am a nurse and do not begrudge the wages physicians make. You should follow a general surgeon or cardiologist or emergency room physician around for a few days.
We shop at the big stores because it is TOO EXPENSIVE to buy at smaller chains. This is how it started. The big box stores swallowed up the small guys.
FYI: This might surprise you but... gasoline prices do NOT randomly change all by the same amounts, all in the same hour, in gas stations of every company, all over each zone, on a regular basis. ;)
It's about bloody time.. more like 10-20 years too fkn late.
trudeau's Carbon tax is responsible for the price of Groceries!
Maybe Jughead could get his brother to tell metro foods to cut prices.
Now go after gas companies. Utilities
I shop around and don’t see much of a difference anywhere.
Stay classy, Weston family...😂
You will eat nothing and be happy
In other news...water is wet. 🤦🏻
The Incompetence Bureau
Attention: Grocery stores can increase profits by raising sale prices! We're fortunate that they didn't figure this out 50 yrs ago, we'd be out even more money. They waited until the carbon tax was introduced.
Excellent
lol funny he’s talking about it only after the boycott. I guess Singhs brother must be losing money
Well when Trudeau let them amalgamate then what do you expect.
We expect weak and childish populists to make things up like you just did. I'm glad you're uncomfortable reality is the thing doing it to you.
The change of economic structures that created and grew monopolistic outfits, and made price gouging legal were created long before Trudeau.
If they even see any fines it'll be pennies for them. Wont change anything.
Quarterly profit statements will tell the truth.
You all take the big chains. What about the smaller grocery stores?
They are cheap as hell in comparison. What world are you iiving in.
😡
It's about time.
In Nova Scotia, Cineplex rules everything but a small Annapolis valley movie theatre, you need an email just to talk to them - they may ignore you. Will someone reestablish the NS made Empire Theatres?
Anyone else afraid the government will starve them
No. I'm outta here.
@@ermagerd101 leave Canada while you still can
@@Anonymous_Whisper Sure am! 👍
@@ermagerd101 glad I'm not alone 🥲😁✊
@@ermagerd101 I'll eat either way. But I feel bad for others who can't afford food currently. Watching almost everyone I know drop weight. Not by choice. We are on the Venezuela diet.... They eat from garbages now down there
I love these large grocery stores...they provide a much needed service...Canadian citizens sure do complain a lot.
how much do you like being abused by corporate overlords? like... from a scale from 1-10?
Would like to see Sylvain Charlebois as an MP someday
Metro has some of the highest cost for groceries and not a word about them, they just attack our cheapest grocery stores.
lol you think la blaws is a cheap store lol
@@jumbome7420 nofrills is a cheap store
@@jumbome7420 They have many brand stores..Maxis is very cheap..Provigo is very expensive. Both Loblaws lol..make sense of that.
Food inflation is caused by central banks and government...not retailers in the private economy.
Mr Stewpeed Apologist, the private economy has an effect on inflation as well. Listen to the story for some details.
How stupid does one have to be to say that!??! That is so funny marcus...please..to got college..don't listen to peterson.
What a pantload. Govt deflecting.
I wonder if his nack name is "Silly" because everytime he is on here his explanations certainly seem to be!