Note - I’ve always been aware of a variety of both newsworthy and quirky subjects passing by every day, and now I may have found a nice spot to share them. I note them in passing, then spend a couple of hours collating and composing. Thanks for the comments so far.
Grocery store profits - From CBC, Canada's top grocers post above-average profits with little transparency, study says.
Their margins are still around 3-4 %, but consumer prices for groceries went up 11.5 % this September, compared to the year before. They claim increased costs, but we can’t get any real details, as they don’t want their competitors to know. And they lack transparency as to where their real profits are, since bundled in with groceries are things like drugstores, clothing, booze, garden centres, and makeup.
A few weeks ago the heads of the major chains were called to Ottawa and told to come up with plans to stabilize prices by Thanksgiving. There's not much yet from them- maybe they thought he meant the American Thanksgiving. They did talk of price freezes on some items until after Christmas, discounts, and price-matching campaigns. All of which they do already, so they are being called back. We now want their plans by November 2. We request, not demand the plans, as we can hint at regulations but there are a lot of powerful businesses there, a lot of lobbyists and campaign backers. It’s just politics.
Just buy more lentils and beans, They’re a cheap protein, and they can help heat the house.