Costco executive tells MPs it has not sought to increase profits amid inflation

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Costco executive tells MPs it has not sought to increase profits amid inflation
Costco ExecutiveFoodGrocery Prices
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Speaking in front of a parliamentary committee studying food inflation on Monday, the executive vice-president and chief operating officer of Costco Wholesale International and Canada Pierre Riel said that Costco has not sought to increase its profits amid rapidly rising grocery prices in Canada. “We're in Canada to serve Canadians,” Riel said.

01:20 | 10 hours ago04:15 | July 10, 202402:17 | 1 hour ago05:06 | 11 hours ago01:24 | July 10, 2024April 17, 2023

Speaking in front of a parliamentary committee studying food inflation on Monday, the executive vice-president and chief operating officer of Costco Wholesale International and Canada Pierre Riel said that Costco has not sought to increase its profits amid rapidly rising grocery prices in Canada. “We're in Canada to serve Canadians,” Riel said.

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