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How Canada's top three supermarket chains are making money from inflation

How Canada's top three supermarket chains are making money from inflation

FromThis Matters


How Canada's top three supermarket chains are making money from inflation

FromThis Matters

ratings:
Length:
20 minutes
Released:
Jul 18, 2022
Format:
Podcast episode

Description

Guest: Marco Chown Oved, Toronto Star reporter A Star investigation has found that Canada’s three largest supermarket chains are actually making money from inflation. Grocery prices have been rising faster than overall inflation because of the disruption of labour, supply chain and manufacturing costs, and a war in Ukraine, but there’s another factor driving prices up — profit. A deep dive into the financial statements of Loblaw Companies Ltd., Empire Company Ltd. (which owns Sobeys) and Metro Inc. reveals that these grocers are raising prices more than they have to and making Canadians pay for it. This episode was produced by Saba Eitizaz, Alexis Green and Matthew Hearn
Released:
Jul 18, 2022
Format:
Podcast episode

Titles in the series (100)

The world is changing every day. Now, more than ever, these questions matter. What’s happening? And why should you care? This Matters, a daily news podcast from the Toronto Star, aims to answer those questions, on important stories and ideas, every day, Monday to Friday. Hosts Saba Eitizaz and Raju Mudhar talk to experts and newsmakers about the social, cultural, political and economic stories that shape your life.