NDP leader Jagmeet Singh has made it a central tenet of his party's policy to take on big companies he believes are making record profits while ordinary people struggle to afford the basics.
More competition is needed in Canada’s grocery sector as consumers grapple with higher food prices, said Finance Minister Chrystia Freeland, after two of the country's largest grocers reported higher sales and profits in the most recent quarter.
Walmart Canada is not trying to profit from food inflation, president and CEOGonzalo Gebara told a parliamentary committee studying the issue on Monday, March 27, 2023, evening.
Canadians didn’t get the full picture when supermarket CEOs, who are raking in record profits, testified before a parliamentary committee tasked with investigating the drivers of sky-high food prices, an economist and tax specialist said.