As an “unlikely alliance” between Canada’s independent grocers and the country’s three largest chains is forming, a Liberal MP is arguing that shoppers need more competition amid soaring food prices and accusations that grocery stores are at fault for higher food inflation.
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Grocery CEOs defend ‘reasonable profitability’ in grilling over soaring food costs
Galen Weston, CEO of Loblaws, testified before a parliamentary committee on Wednesday that “reasonable profitability is an important part of operating a successful business,” as the country’s three largest chains insisted that they are not profiting off soaring food inflation and are doing everything they