Retail food profits in #Canada have more than doubled:
▪ 2019: $2.4B net income
▪ 2023: > $6B

🧐 The grocery chains were called to Ottawa to explain…

Loblaws, Metro, Sobey:
😱 "Profiteering? No, no, no!"

But food inflation has been higher than the general rate of inflation, & Cdns are buying fewer groceries (honestly, I don't know how some of my neighbours manage.)

So what explains these record profits?

A new Fifth Estate investigation:
https://youtu.be/Zuz5SgcHnrQ?si=RotKslCe6lqvq0iw
#FoodPrices