LILLEY: O'Toole's affordability plan to lower prices of everyday items
Author of the article:
Brian Lilley
“To lower prices, we need to get inflation under control and ensure there is more competition, not less,” O’Toole said.
The Conservatives are promising more competition in banking, mobile phone and internet services, and in their words, they want to give “competition laws real teeth to prevent a few big companies from dominating whole industries and pushing up prices.”
The Conservatives have pointed to the bread price fixing scandal, which saw the Competition Bureau reveal in 2018 that major grocery chains including Loblaws, Sobeys and Metro had all worked with bakers to keep the cost of bread artificially high. No one has gone to jail for this scheme that ran for more than 15 years, something that could change under the Conservative plan.