Could grocery property controls be driving up food prices? Competition probe expands

https://www.youtube.com/channel/UChLtXXpo4Ge1ReTEboVvTDg https://ift.tt/I1yQFx4 As Canada's Competition Bureau expands its investigation into Empire Company over its use of property controls, Global News spoke with a University of Toronto expert about what the probe could mean for consumers. Michael Widener says while property controls can help justify long-term investments, they may also limit competition by preventing rival grocers from opening nearby. He cautions any impact on grocery prices would likely be modest, as property controls are just one factor affecting food costs. Widener says increasing competition could put downward pressure on prices, but broader reforms across Canada's food system will still be needed to improve affordability. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://ift.tt/Og1VME9 #GlobalNews