Just to put this in perspective, Loblaws profits are going up.
What are they doing with this profit? Not helping Canadian farmers and producers. that is for sure.
"The company announced a 10% increase in dividends and repurchased $457 million in shares."
They are buying back their own shares. Potential investment money gone to waste.
Buying up their own shares make the share value go up, less shares to buy and the such. This is awesome form investors and shareholders.
Fuck the customers
Knowing Loblaws ... they'll just hike the price of everything and pocket the difference
Of course they will.
All the more reason for me not to shop at Loblaws
They will just price-fix something Galen names as his next yacht.
It wouldn’t surprise me if Weston started sourcing fewer Canadian products so they could raise prices.
/cynical
I personally didn't see any price decreases when the carbon tax was removed so I wouldn't be surprised.
didn’t see any price decreases
Not much to decrease:
If the government suspects them of doing this, couldn't they pass a law requiring them to display the tarrif amount?
Not sure we could expect the government to do that either, but seems like an option.
Just at first while people get used to the increase. Then switch to avoid tariff without lowering price
Loblaw's out of control.
Really!? Rob said that?
Devil's advocate, but this seems logical to me. Loblaws buys products at X price, now plus Y tariff because they now have to import new stock, and logically won't want to eat the difference because they're a business.
I'm assuming they're keeping their margins the same here and just directly passing the cost of tariffs to the end consumer.
This is nothing egregious, though not benevolent. I suggest we keep our Loblaws hate for when they actually do shitty stuff, like colluding over the price of bread.
At least I'll give them points for clearly marking tariffed products with a T in a triangle so we can avoid them.
You assume wrong. Their profit margins have gone up. They are now making huge profits.
Just label so I can avoid it and and I’ll be fine.
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