Grocery store price freezes backfire

Guest: Jim Stanford, director at the Centre for Future Work

The Competition Bureau is investigating if the Canadian grocery industry is contributing to skyrocketing food prices. Coming on the heels of the news that Loblaws and Metro are freezing prices on their in-house brands as part of a goodwill gesture to consumers, there are reports pointing to corporate profiteering leading to higher prices. This is colloquially referred to as “greedflation,” and if it’s happening, the bigger question is what, if anything, can be done about it? Jim Stanford, director at the Centre for Future Work and contributing columnist at the Star, joins “This Matters.”

This episode was produced by Alexis Green, Paulo Marques and Raju Mudhar.

Audio sources: CPAC and CBC