Grocer CEOs need to be transparent about why grocery prices are so high: Freeland

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Finance Minister Chrystia Freeland says the CEOs of Canada's largest grocery store chains need to be transparent about the recent rise in grocery prices.

The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd. - which operates chains including Sobeys, Safeway and FreshCo - are set to testify before the House of Commons agriculture committee Wednesday evening as part of its study on food inflation.

“ absolutely do have a responsibility to all of us to be transparent about why those prices are so high,” Freeland said.Other executives from the companies have already testified, but New Democrats in particular have signalled their dissatisfaction with the absence of the CEOs themselves. “We are going to put tough questions to them. This has been one of the biggest responses we've received from the public,” Singh told reporters outside the House of Commons Wednesday, adding that more than 2,000 people submitted questions for the grocers.

 

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Great responses from each. Profits are representative of their revenue. Their profits increased ~X% in the last 5 years because their revenue and infrastructure also increased. New stores, more systems, more jobs, more spending. I bet their margins stayed relatively similar.…

His 25$ basket is properly the discounted wholesale price?

Freeland had said at a news conference that the CEOs “absolutely do have a responsibility to all of us to be transparent” about why prices are so high…hahaha so why aren’t the liberals transparent as well?

Is lowblas the only grocery store? People can shop elsewhere no? Politicians need to look at themselves and their gouging of tax payers instead

So how come it’s ok for LCBO to jack up their prices and make profit?

It's called inflation: when jews print money

Let more companies come in to Canada stop letting the companies have a monopoly in Canada. MORE. CHOICE IS WHAT CANADIAN PEOPLE NEED

Freeland needs to be transparent about CCP interference in Canadian elections

The government allows big corporations to dominate supply chain within Canada, there’s almost no competition in regards to groceries, cell phone providers, or other basic services

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They need to break up the grocery chains.

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The GOC needs to transparent first.

The CEOs have determined that people need food to survive so are entitled to fleece them , just like nurses and teachers etc .

You making FAKENEWS JUSTINflation

Ummm, taxes, inflation and the destruction of our industries caused by this Liberal government! Unbelievable!

The nightly routine at the Weston mansion.

CEO's are hired to be vague. Good grief. It is all about money and bonuses. Insatiable appetites.

Prices are higher because Liberal voters enjoy higher interest rates and high inflation . l love Canada . Please vote Liberal in 2024 .

$19.99 for Janes Chicken Fingers at Loblaws everywhere else less than $15.99 even at Whole Foods!

You people don't understand free market capitalism. You supported a lockdown. Now pay the Piper you silly silly Canadians

Transparency is; 'We like money. People have money. People also need food. So we charge people lots of money to buy food and blame prices on the 'supply chain.' Then we collect the money.'

With a government that’s been caught red handed lying over and over, we can’t expect CEO’s of companies to tell the truth due to the example set before them by our governments.

It’s all staged. As long as corporations keep funding political parties they are on the same side. Just an eye wash for the commoners itsallstaged

Carbon Taxes.

Only tho my freeland has ever said that makes sense though she won’t do a thing to enforce it.

Its all about takin advantage of opportunities.

Isn't the goal about being in business is to make money? The government is completely to blame for all this shit, and they want to divert you towards the grocery stores. Russia sanctions are the reason for the uptick in prices. As soon as those were mentioned, everything went up.

I went grocery shopping yesterday and paid 200$ for the groceries I used to pay 75$ for. Thats ridiculous. The inflation is out of control.

Lets ask him his thoughts on guillotines next! eattherich

Throwing tax at this won't fix the issue. They will just pass it onto customers and food price will stay high because of it

How about Because the entire supply chain costs doubled?......Why do liberals Wanna blame grocery stores for the issue they helped create

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cafreeland talking about transparency

Yes, let's control prices for all private businesses.

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