Profit margins in the grocery industry have always been low and remain that way. Read more.
And specific to grocery profits, Canada’s leading food research institute has found the same thing: Sylvain Charlebois of the Agri-Food Analytics Lab at Dalhousie University has stated that grocery “greedflation” is a myth and said he “failed to see any evidence of profiteering on all accounts.”
But instead of doing the right thing and declaring the smear dead, the committee chose to pass the hot potato, recommending that: “If the Competition Bureau finds evidence in its upcoming market study that large grocery chains are generating excess profits on food items, the Government of Canada should consider introducing a windfall profits tax.”
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