Fig. 3

Ownership networks within the Canadian grocery retailing sector; Figure 3 maps ownership within the Canadian grocery retailing 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 grocery retailing 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 Market level: All national brand owners are linked to a specific disaggregated market if they account for ≥ 1% of shares within that market