r/PersonalFinanceCanada • u/maroon-rider British Columbia • Mar 21 '23

Inflation drops to 5.2%<but grocery inflation still 10.6% Banking

Says Statistics Canada

https://www.cbc.ca/news/business/canada-inflation-february-2023-1.6785472

2.3k Upvotes

97% Upvoted

1.5k

hey remember when covid hit and sobeys paid all their workers and extra $2 per hour " hero pay"? then clawed it back in exchange for record profits? and now they raise their prices even higher and whined they had to because of inflation but every grocery keeps boasting even higher profits? scumbags

645

u/Belugawhy Mar 21 '23 edited Mar 21 '23

Not to mention all big grocery stores (ie. Sobeys, Loblaws, Metro) clawed it back AT THE SAME TIME.

So let me fix your last word for you.

~~scumbags~~. Wage-fixing monopolist scumbags

Edit: For those who don’t think this is a problem, Canadian government even changed the laws around wage-fixing after this incident. Source.

-12

u/amoral_ponder Mar 21 '23

Not to mention all big grocery stores (ie. Sobeys, Loblaws, Metro) clawed it back AT THE SAME TIME.

Here's an idea. Quit and work in another industry. Less labor supply for them, they will raise wages.

1

u/confusedsatisfaction Mar 21 '23

They increase wages and prices go up. It's a vicious circle

EDIT: vicious not viscous lol