Any excuse for Loblaws to raise their prices even higher than they have been.
Just to put this in perspective, Loblaws profits are going up.
What are they doing with this profit? Not helping Canadian farmers and producers. that is for sure.
“The company announced a 10% increase in dividends and repurchased $457 million in shares.”
They are buying back their own shares. Potential investment money gone to waste.
Buying up their own shares make the share value go up, less shares to buy and the such. This is awesome form investors and shareholders.
Fuck the customers
If we didn’t do mass immigration they would be hurting. Instead we flooded them with cheap labor while increasing demand, so the high interest rates barely did anything to them.
Do we blame them or the Feds though?
Loblaws making increasing profit, dividends and stock buybacks, raises prices while citing tariffs
do we blame immigrants or Canadian government
LOL
Mark Miller himself said we would be in a recession if not for mass immigration of 1.4 million people in a year.
Yes, Canada uses immigration to prop up our economy due to our declining birth rate and our cancerous economic system. What does that have to do with Loblaw’s price gouging?
The TFW policy on immigration is terrible and an issue absolutely, but you’re using it as a whataboutism away from the topic at hand – that is chiefly a Loblaws decision to screw over people and reap the benefits from it.
People will do anything but blame corporations for their behaviour.
If we tax them prices will go up! Of course they raised prices, we didn’t make enough eye contact while we fellated the board!
Funny it’s never “raising prices is pointless, people will just demand higher wages!”
This makes absolutely no sense. Actually, it appears you are trying to mask far-right extremism in a seemingly innocuous post.
I blame you for meaningless obfuscation.
Knowing Loblaws … they’ll just hike the price of everything and pocket the difference
Of course they will.
All the more reason for me not to shop at Loblaws
They will just price-fix something Galen names as his next yacht.
It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.
/cynical
I personally didn’t see any price decreases when the carbon tax was removed so I wouldn’t be surprised.
didn’t see any price decreases
Not much to decrease:
Did anyone tell the grocers that?
Just at first while people get used to the increase. Then switch to avoid tariff without lowering price
If the government suspects them of doing this, couldn’t they pass a law requiring them to display the tarrif amount?
Not sure we could expect the government to do that either, but seems like an option.
As a Canadian living along the border, I’ve seen enough Loblaws transport trucks traveling north bound on the QEW, from the US, to easily assume the vast bulk of their store brands are about to have big price hikes.
Boycott Loblaws. Buy straight from bakeries, farms, local farmer’s markets and non-Loblaw supermarkets. (I prefer metro)
Metro is far worse than Loblaws. I have never found their prices anywhere close to being reasonable.
Loblaw’s out of control.
Really!? Rob said that?
Devil’s advocate, but this seems logical to me. Loblaws buys products at X price, now plus Y tariff because they now have to import new stock, and logically won’t want to eat the difference because they’re a business.
I’m assuming they’re keeping their margins the same here and just directly passing the cost of tariffs to the end consumer.
This is nothing egregious, though not benevolent. I suggest we keep our Loblaws hate for when they actually do shitty stuff, like colluding over the price of bread.
At least I’ll give them points for clearly marking tariffed products with a T in a triangle so we can avoid them.
You assume wrong. Their profit margins have gone up. They are now making huge profits.
Can you show where you’re getting the information that margins have gone up? Only references to margins there indicate that they’ve been stable
The devil is in the details. Read what the report does NOT say. If dividends increase, profit has gone up. The profit goes up, because the margins have gone up. Volume has not increased as much as the profit…
‘Absolute sales grew 4%’, but ‘Adjusted EPS grew by 9.3%’. The earnings per share (profit) grew twice the rate of absolute sales.
Just label so I can avoid it and and I’ll be fine.
