Consumer

The Challenge of the ‘Aldi Effect’: The Struggle for Discount Grocers to Penetrate the Canadian Market – National Perspective

Bringing more competition into the Canadian grocery sector through discount European brands like Aldi and Lidl would face significant challenges in Canada’s fragmented marketplace, according to experts. The Competition Bureau’s latest report highlighted the potential role of international competitors in reducing prices, as food inflation continues to affect consumers. The report suggested that the entry …

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Financial Fraud Increasingly Targeting Young Canadians: Steps for Self-Protection – National

Young Canadians are increasingly becoming targets of financial fraud, according to experts. The Chartered Professional Accountants of Canada conducted a recent survey which found that 65% of generation Z and millennials have been victims of financial fraud. This age group, being the most comfortable with online shopping, is also the most exposed to risk. Maryam …

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National highlights 5 key findings from the Competition Bureau’s examination of Canada’s grocery industry

Canada’s competition watchdog published a highly anticipated study on Tuesday regarding the retail grocery market in the country. The study revealed that the industry is heavily concentrated and dominated by a few major players. The Competition Bureau stressed the importance of clear communication to promote transparency. The report stated that most Canadians purchase groceries from …

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National- PBO Reports Canadian Wages Surpass Inflation for Majority

A report from the Parliamentary Budget Officer (PBO) has revealed that COVID-19 supports provided a boost to Canadians’ spending power during the pandemic. Additionally, the report states that wages for higher earners have exceeded inflation. According to PBO Yves Giroux, “By the end of March 2021, the launch of, or increase in, income benefits associated …

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Edmonton MP Plans to Lodge ‘Grievance’ Over Taylor Swift Tour’s Exclusion of Canadian Shows

Decrease article font size Increase article font size Edmonton MP Matt Jeneroux expresses hope that Taylor Swift’s decision to exclude Canadian stops on her Eras Tour is not due to any negative sentiments. In a series of posts on his social media accounts, the Conservative politician revealed his intention to follow Australia’s example and submit …

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Canada Bread facing $50M fine after pleading guilty to price-fixing bread

Decrease article font size Increase article font size Ontario Superior Court has levied a fine of $50 million against Canada Bread Company for its involvement in price-fixing. This represents the highest price-fixing penalty ever imposed in Canada, according to the Competition Bureau of Canada. Canada Bread has pleaded guilty to four counts of price-fixing under …

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National retail sales surge as consumer spending remains resilient

By Staff The Canadian Press Posted June 21, 2023 9:38 am Updated June 21, 2023 9:57 am Decrease article font size Increase article font size According to Statistics Canada, retail sales in April increased by 1.1% to reach $65.9 billion. The growth was primarily driven by general merchandise retailers and food and beverage stores. This …

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National official frustrated, urges legal change to prevent ex-officials from lobbying for corporations

Lobbying commissioner Nancy Belanger asserts the necessity of amending the law to prohibit former public office holders from lobbying on behalf of corporations. Visibly frustrated, the commissioner testified before MPs on the House of Commons ethics committee on Tuesday regarding the appointment of former Liberal industry minister Navdeep Bains to a position at Rogers. “I …

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