Federal Industry Minister François-Philippe Champagne said he’s in talks with global grocery executives and aiming to bring a new chain to the country. He said a new competitor would be a “net benefit” to consumers and it’s “good” if Canada’s major grocers are concerned about the discussions. (Toronto Star)
Talking point: Champagne said he’ll work with anyone who wants to consider expanding here, highlighting his track record such as a roughly $13-billion deal with Volkswagen for a new Ontario battery factory. In a June report, the Competition Bureau recommended bringing in international players as a way to boost competition, but noted it’s a difficult proposition. Canada has high consolidation in the grocery sector—five companies account for about 80 per cent of sales—as well as bilingual labelling requirements, a small and spread out population, and allowing lease agreements to have covenants that prevent competitors from opening up nearby. The government has introduced legislation to outlaw the latter.