The Competition Bureau says Canada needs solutions to help bring grocery prices in check, and more competition is a key part of the answer.

The watchdog’s report finds concentration in the grocery industry has increased in recent years, and the largest grocers are growing the amount of money they make on food sales.

The highly concentrated nature of Canada’s grocery’s sector has come under intense scrutiny in recent years, with the big three chains embroiled in an alleged bread price-fixing scheme that observers say has triggered distrust of the grocery industry.

But they have denied accusations of price gouging and “greed-flation,” saying their margins on food are modest — despite soaring profits.  

(Canadian Press)