OTTAWA – A House of Commons committee is asking the heads of Canada’s major grocery chains to explain their plans to stabilize food prices. The committee passed an NDP motion on Thursday...
Wonder if something like price controls would work. Like say any product sold cannot be marked up more than 3% per year. Although if the supplier increases the price by more than the stores simply won’t sell it if they won’t make a profit at that 3% increase.
Personally I’m fine with price controls but I think a grocery crown corp that sets prices the private chains have to compete with would be a more palatable option for most.
Wonder if something like price controls would work. Like say any product sold cannot be marked up more than 3% per year. Although if the supplier increases the price by more than the stores simply won’t sell it if they won’t make a profit at that 3% increase.
Personally I’m fine with price controls but I think a grocery crown corp that sets prices the private chains have to compete with would be a more palatable option for most.
We need more crown corporations. Private industry isn’t competitive and it’s all fixed.