Grocery CEOs deny accusations that food price inflation driven by profit-mongering cdnpoli
“The truth is we are at the end of a very long food supply chain that has economic inputs at every step and stage.”Grocery prices were up 11.4 per cent in January compared to a year ago, nearly double the overall rate of inflation of 5.9 per cent.
Galen Weston, the billionaire chairman and president of Loblaw, said the company has made bigger profits off financial services and apparel and pharmacy sales, which he said represents more than half of its business. Singh, subbing in for the party’s agriculture critic, directed his questions to Weston, who was sitting just a few metres away.
Medline had quipped earlier: “It is folly to suggest that an unprofitable grocery business is somehow better for customers and better for shelf prices.”
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Grocery CEOs deny accusations that food price inflation is driven by profit-mongeringGrocery prices were up 11.4 per cent in January compared to a year ago, nearly double the overall rate of inflation of 5.9 per cent.
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Grocery CEOs deny accusations that food price inflation is driven by profit-mongeringThe leaders of Canada's major grocery chains insist that food price inflation is not caused by profit-mongering and that their margins on food-related profits have remained low.
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Grocery CEOs deny accusations that food price inflation is driven by profit-mongeringOTTAWA — The leaders of Canada's major grocery chains insist that food price inflation is not caused by profit-mongering and that their margins on food-related profits have remained low. The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc.
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Grocery CEOs deny accusations that food price inflation is driven by profit-mongering - Terrace Standard‘We are at the end of a very long food supply chain that has economic inputs at every step and stage’
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Grocery store CEOs will face questions on food prices at Commons committee todayThe CEOs of Canada's largest grocery store chains will be before a parliamentary committee today to answer questions about the rapid rise in food prices.
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