Canadians are more likely to blame grocery stores for rising food prices than any other reason, and nearly one-in-five Canadians say they or someone they know has used a food bank in the past year, according to a survey conducted by Nanos Research for CTV News.
  • SamuelRJankis@lemmy.worldEnglish
    15·
    9 months ago

    Just to point out in respective of at least “Loblaw” they own a lot more than just grocery stores and just using the profit margin is not a absolute indicator of how profitable they truly are.

    Loblaw Companies>George Weston Limited>Wittington Investments, Limited

    Report regarding grocery inflation.

    We know very little of what is going on in food processing, transportation, and at other companies who participate in the food industry. A proper investigation led by the Competition Bureau of Canada would shed some light on practices in the industry.

    • CancerMancer@sh.itjust.works
      4·
      9 months ago

      With the level of vertical integration Loblaw has, they could easily be playing a shell game with the various stages the food goes through and just bleeding all the money out.