Much of Canada's current approach to liquor retailing has its roots in prohibition-era attitudes towards wine, beer and spirits. But anyone who thinks that era ended should consider the anti-competition rhetoric that emanates from government liquor stores across Canada or Ontario's government-approved private sector beer cartel, The Beer Store.
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It's been two decades since the Alberta government exited the business of selling beer, wine and spirits to consumers and the result is vastly improved product selection, better customer service and price-competition. But the President of Ontario's The Beer Store has warned that if Ontario treads this path, there will be more societal problems.
It is easy to bash banks (the NDP obsession), or telecommunications and internet service providers (the Tory preoccupation) but some competition already exists in both those sectors though more is preferable to less. In contrast, both parties miss obvious policy areas that could save consumers a small fortune -- but where prices are currently jacked up in favour of existing producers.
EDMONTON - Canada's largest private liquor retailer, Liquor Stores N.A. Ltd. (TSX:LIQ), has cited accounting adjustments under International Financial Reporting Standards for a comparative worsening i...