Algorithms are raising prices for everything. This must stop

The Globe & Mail

Vasiliki (Vass) B. raises concerns about the growing use of algorithmic pricing, where companies use software to monitor competitors and automatically adjust their own prices in response.

While marketed as tools for efficiency or competition, these algorithms can lead to higher prices across entire markets without any direct communication between companies. She argues that this form of digital price coordination amounts to a new kind of collusion that current Canadian laws are not equipped to handle. With prices already squeezing consumers, she calls for urgent regulatory action to address these invisible but powerful forces shaping what people pay.