Supermarkets continue to increase profits on back of inflation, data shows

Canada’s big three supermarket chains have continued to increase their profits on the back of record high grocery prices, a new Star analysis has found.

Loblaw, Empire (Sobeys) and Metro have all reported even bigger profits and profit margins than they did six months ago, when the Star published an investigation into grocery inflation.

If their profit margins had stayed where they were before the first COVID-19 lockdown in 2020, the three supermarket chains would have made almost $1 billion less in gross profit over the past year, according to their own published financial statements.

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Why we need the apocalypse

Progress has given way to bubbling madness

The countryside is on fire, The Guardian has published another article about replacing meat with mould grown in vats, and the World Economic Forum wants to block out the sun with a Brazil-sized raft of space bubbles. This isn’t the Great Reset; it’s a mood. A vibe.

Walking the dog at dusk on Tuesday through local woodland, I noticed wilting hazel saplings, poplars shedding foliage, dry yellow leaves crunching underfoot like it’s September. The ground is bone-dry. The wheat in neighbouring fields has ripened a month early.

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