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.
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.
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.
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.
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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.
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.