Greedflation
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Did company profits fuel inflation? Bank of Canada researchers say noCompany profits are not to blame for the high inflation Canadians experienced in the past two years, a Bank of Canada report suggests.MoneyAug 2, 2023
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Here’s how Ottawa could tackle food inflation — and when you can expect it to easeA new Parliamentary report suggests efforts to address so-called 'shrinkflation' and remove 'best-before' dates could play a role in limiting food inflation in the future.ConsumerJun 14, 2023
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Walmart Canada willing to participate in grocery code of conduct, CEO tells MPsGonzalo Gebara testified to a House of Commons committee amid an ongoing study into persistent food inflation in Canada and whether major grocers are benefitting.ConsumerMar 27, 2023
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Canadians making fewer grocery store trips as food inflation continues to bite: reportRBC's consumer spending tracker showed the average number of grocery transactions last month was still above pre-pandemic levels, but lower than the bump seen last fall.ConsumerMar 9, 2023
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Grocery CEOs defend ‘reasonable profitability’ in grilling over soaring food costsThe heads of Loblaw, Empire and Metro told the House of Commons agriculture committee they aren't contributing directly to food inflation despite rising profits.CanadaMar 8, 2023
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Loblaw says it’s not to blame for higher food prices as grocer faces backlash onlineLoblaw's corporate Twitter account sought to set the record straight on whether the grocer is profiteering from food inflation, but few online seemed convinced.MoneyFeb 2, 2023
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‘Justinflation’ or ‘greedflation’? A look at why food prices are soaring in CanadaExperts say the real cause of inflation is more complicated and it's not new for "complex issues to be oversimplified by politicians of all political stripes."CanadaDec 17, 2022
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Loblaw tops big Canadian grocers in profit reports amid inflation surge: analysisThe report authors said the lack of more detailed financial data makes it difficult to explain why all three supermarket companies are exceeding their average performances.CanadaNov 3, 2022
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NDP calls for probe into grocery store profits amid high food inflationThe federal NDP is calling for a probe into rising grocery store profits, alleging that corporate greed could be driving food inflation.ConsumerSep 27, 2022
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Canadian grocers keep raking in sky-high profits, but does that equal ‘greedflation’?A new report calls into question whether Canada's major grocery chains are profiteering amid inflation, despite sales and profits continuing to rise.EconomySep 1, 2022
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