Who else is to blame ? They set the prices and are making record profits.
this post was submitted on 06 Apr 2024
250 points (99.2% liked)
Canada
7206 readers
324 users here now
What's going on Canada?
Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
π Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
π» Universities
π΅ Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
π£οΈ Politics
- Canada Politics
- General:
- By Province:
π Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
Greedlation is real. They go over how a leading economist explains this is solely seller created inflation, and the claim of citizen covid stimulus cheques causing inflation is bogus. And how they all used COVID as cover for price hikes. https://www.iheart.com/podcast/105-stuff-you-should-know-26940277/
I think the reason I blame them is because it's their fault, but I'm not Canadian, so I don't count.
My partner works at a Sobeys doing file maintenance and she does all the price and label changes. She regularly shows me pictures of shrinkflation and price gouging. Some things doubled in price overnight.
It's crazy and she says it's a little bit depressing. And unlike a normal shopper, she's aware of all the deals as well, so that's nice for us.
Hope you get an employee discount too. I loved that when I worked at Sprouts. Of course they maxed me out at 39.9 hours every week. So I kinda got a discount in lieu of healthcare, but still, I liked the perk
39.9 hours every week
Shit like that is criminal
Iβm not Canadian, so I donβt count
If you care about what happens in Canada, that counts for something.
This truly sounds pathetic. Although it clearly displays the real power hierarchy.
In February, the House of Commons' committee that studies food prices urged Loblaw and Walmart to sign on to the grocery code of conduct, or risk having it made law. Both organizations have said they will not sign the code as currently drafted, saying it could raise prices for Canadians.
I suppose oil, though changing to renewables would more than definitely, believe it or not, raise prices as well.
Higher prices means higher tax revenue, more tax at the register and more tax when you work overtime to pay for your groceries.
There is NO incentive for any level of government to reduce grocery prices, or any prices.
Many food actually tend to be exempt from tax
https://accplus.ca/knowledge-base/personal-tax/tax-in-canada-things-that-are-not-taxed/
I'm more impressed the numbers are this low.
I'm surprised and disappointed the percentage isn't higher than that, but these polls tend to have skewed sample groups anyway.
I want a grocery store that doesn't require you to join their shitty club to get lower prices.
Give them all fake info. Fuck em.
The app on your phone provides all the tracking info they need.
What do you mean? Like if you also install their app on your phone?
If you have an app on your phone like PC points or whatever, you can give it all the fake info you want but they will be able to figure exactly who you are by correlating other information.
Maybe some of them require it? I haven't encountered that requirement for a store membership myself though.
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.
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.
This is why passing school lunches for school children will help as it will be the provinces negotiating the prices.
More likely the (conservative) provinces will just give a sweet single-source contract to Aramark or Sodexo in exchange for either a kickback for their own businesses, and/or a post-career board of director appointment.
Sounds like a great market situation for Aldi or Lidl to expand into!
Lidl has the most expensive vegetables in my area