Canada's top three grocers all posted higher profits this year compared with their average performances over the last five years, new research from Dalhousie University has found.
Loblaw Companies Ltd. was particularly notable, the report found, as it has outperformed not only its five-year average performance but did better than any of those years individually.
Subscribe to CTV News to watch more videos:
Connect with CTV News:
For the latest news visit:
For a full video offering visit the CTV News Network:
CTV News on Facebook:
CTV News on TikTok:
CTV News on Twitter:
CTV News on Instagram:
CTV News on Reddit:
—
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.
Evil.
Meanwhile my fridge is empty.
Waste of a study.
Loblaws is only one of many grocers in Canada. Many of them sell household items with big profit margins.
What is the Canadian CPI for fresh produce, dairy/milk, canned goods, and dried foods?
What is the average margin on those categories across the country, provincially and municipally?
That is not how profits work
The profits grow because they are charging more but they are also spending more
If the profit margins grow then they are price gouging
Margins have only grown at grocery stores that have a pharmaceutical department
Modern day robber baron.
Their profits increase while I have to skip meals so my kids have a full plate! HOW IS THIS LEGAL!?!?!?!?!?!