The grocery retailer’s chief executive, Per Bank, said he’d be willing to remove the clauses in store leases that stop competitors from opening stores nearby. That’s under the condition that other retailers do the same, Bank said. (The Globe and Mail)

Talking point: Canada’s Competition Bureau wants to crack down on exclusivity clauses in grocery stores. Loblaw has been widely blamed for profiting off rising food inflation over the past few years, and was subject to a month-long boycott organized on Reddit. Loblaw’s chair Galen Weston said at The Logic Summit that food prices soared 25 times faster than grocer profits over the past few years. “If you believe the industry is responsible for it, it can cause a great deal of angst and strain,” Weston said. “The fact that we’re not responsible directly for this doesn’t matter. So we have to engage.”