Why are Canada's grocers making so much money?
OTTAWA — As members of Parliament gear up to grill the CEOs of Canada's largest grocery store chains, experts say elected officials should push for more transparency on why grocers are making so much money.
"Those at the heads of these companies, where the buck stops, should at least have to answer questions around why their profits are so high and why their prices are so high," NDP Leader Jagmeet Singh said last month. Loblaw was particularly notable, the report found, as it had outperformed not only its five-year average performance but also that of each of those years individually.
But the committee won't be able to compel the companies to release more information about their financial results, leaving the decision of what to disclose up to grocers.
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