That's only partly true. Only no-name brand products will have no price increase for the next three months. They have gone up in price significantly prior to the announcement. He could also reduce package size without violating his statement. It's basically a marketing campaign that has generated a lot of buzz but also a lot of hate.
Edit:
Much of his statement is also outright lies. Blames price increases on suppliers while reporting record high profit margins. Just another rich turd deflecting blame while buying another plane.
Yup PR stut nothing more, and yeah that whole bread thing. You'd expect the price would have come down after they got fined, but nope. Gov at its best.
Every week I see prices shifting up and down on all kinds of items. Just more pricing nonsense. There can't be this much fluctuation in the market for prices to be constantly adjusted weekly. Consumers shouldn't subjected to these deceptive practices.
We never paid ANY attention to groceries, we bought what we wanted to eat . About 4 months ago my wife said , let’s shop flyers and eat what’s on sale and see what the difference is .
It’s three good bottles of wine a week.
I’m in .
Yup, and the other end of this is the gov isolates itself from the people, meaning they don't take action, and you can't influence them so nothing get's done. So the vicious circle repeats itself, and all we can do is complain to the clouds.
While Canadians have continued to suffer under drastically increased prices at cash registers for months, it's come to light that in terms of groceri…
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The Competition Bureau of Canada will conduct a study on grocery prices. A study to justify the Competition Bureau's existence and to pretend something is being done. Maybe we will get a $5 gift card in 10 years.
Loblaws is making out like a bandit. They are not simply passing along price increases, look at the huge earnings growth during the pandemic. In an established and saturated market, it's very difficult to drive earnings 4x in 3 years.
Here's Loblaw's EPS (Earnings per share from 1 year before covid till now.) This means the latest reported profits are almost 4x greater than they were in the first quarter of 2019. Gaelen Weston controls 52% of the company stock - his wealth on that alone has appreciated by $10 billion dollars in 3 years.
To compare, TD and RBC, two stalwarts in money-making are making about the same now as they were in Q1 2019.
True. Also interest rates to tame inflation are meant only to slow the growth. Wages will not keep up unless you're a bean counter that can crank the numbers.
Deflation would be nice if it wasn't for the side effects. Imagine the investors going through what some home owners are going through now with property values dropping and costs escalating.
Maybe, a lot of bad tenants out there these days taking advantage of landlords, knowing the LTB will do nothing, and hearings are not happening for 1-2 years....
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