Fig. 1

Ownership networks within the Canadian packaged food manufacturing sector; Figure 1 maps ownership within the Canadian packaged food manufacturing sector including ownership by the Vanguard Group Inc, Blackrock Institutional Trust Company and State Street Global Advisors (US). A Shareholder ownership level: Dotted lines represent ≥ 1% ownership while solid lines represent ≥ 5% ownership by three major institutional investors; B Firm level: All national brand owners with ≥ 1% of shares within the Canadian packaged food sector are represented. National brand owners are associated with their parent company (if applicable). *Loblaw Cos Ltd is a publicly listed company, however, George Weston Ltd is its parent company. C Product market level: All national brand owners are linked to a specific product market if they account for ≥ 1% of shares within the product market