The heads of Canada’s biggest grocery chains pushed back at allegations they are profiteering from high inflation on Wednesday, telling lawmakers that they aren’t the cause of high food prices — and claiming their profit margins are as razor thin as ever.
“We are not profiting from inflation, it doesn’t matter how many times you say it … it is simply not true,” said Michael Medline, the CEO of Empire Foods, which owns Sobeys, FreshCo, Farm Boy, Foodland and other chains.
