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Podcast: This Matters
Episode: How Canada's top three supermarket chains are making money from inflation
Description: Guest: Marco Chown Oved, Toronto Star reporter A Star investigation has found that Canada’s three largest supermarket chains are actually making money from inflation. Grocery prices have been rising faster than overall inflation because of the disruption of labour, supply chain and manufacturing costs, and a war in Ukraine, but there’s another factor driving prices up — profit. A deep dive into the financial statements of Loblaw Companies Ltd., Empire Company Ltd. (which owns Sobeys) and Metro Inc. reveals that these grocers are raising prices more than they have to and making Canadians pay for it. ...