Quote:
Originally Posted by GordonBlue
I'm looking a the fact each quarter they're making record profits.
Then they guy comes out to say that prices will likely rise.
I don't give a #### what their margins are. The bottom line is these guys are making billions in profit.
They can afford to give us a break for something we need to survive, and still make billions in profit.
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But they did give us a break, and all Canadians rejoiced as the media parroted their no name price freeze last year.
https://financialpost.com/news/retai...ices-inflation
Grocers are an easy scapegoat, because we have to buy essentials and it's something we do regularly. This is also why we complain about gas prices.
When the pricing freeze was over, people still continued shopping as they have to.
And now Liberal MPs are patting themselves for hard bargaining and getting grocers to promise to help Canadians.
https://www.cbc.ca/news/politics/gro...ezes-1.6987787
Quote:
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"These measures will bring a much needed [and] more competitive marketplace and the winners of that are obviously Canadians," he said, adding that Canadians should expect to see grocers start rolling out these plans "within days."
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The existence of this thread is proof that this type of partisanship propaganda works.
2 months later we get this.
https://www.blogto.com/city/2023/12/...d-bills-go-up/
So much winning. And we get the weird "the poor will rise up" posts yet nothing actually happens. Everything stays the same.
In the end, no matter what grocer CEOs says to appease politicians who in turn parade their wins, grocers work to stick to a 3% profit margin.
All costs get passed on to the consumer. Supply chain costs gets passed on, tax measures gets passed on. Store improvement costs get passed on
while simultaneously giving themselves positive PR through the good old media. Wage hikes get passed on.
Meanwhile, we continue to have the milk cartel in charge that draws international attention and which all major political parties promote, we continue to have supply management directly stifling competition and no one bats an eye or even questions it in these types of threads.
https://hir.harvard.edu/canadas-dair...r-of-big-milk/
https://www.cp24.com/news/canadian-d...utoPlay%3Dtrue
https://www.thestar.com/business/an-...b2916f619.html
Good article on supply management
https://www.thestar.com/business/wha...77d43ea65.html
I feel the anger is misdirected.