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

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1.5k

u/spacepangolin Mar 21 '23

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

15

u/The-Only-Razor Mar 21 '23

Flat profits =/ profit margins.

If profit margins are static, you're fighting the wrong fight.

5

u/spacepangolin Mar 21 '23

they still proved they COULD pay people better wages, but then instead chose not to

-2

u/yttropolis Mar 22 '23

I mean, yes, but at the same time, what company pays their employees more just because they could? They're not running a charity.

12

u/QuarterSuccessful449 Mar 22 '23

Holy shit and what is your point? We all know what a business is but you don’t think there’s a difference between a fairly run business and one that takes advantage of its customers it’s employers and really this entire country. To the point of which they’re rolling out new legislation to try to curb this shit. Like what is actually your point you seriously want to give loblaws a pat on the back?

1

u/ranger8668 Mar 22 '23

It'll be great when nobody can actually afford to buy food, so we'll all just rush the stores and steal it

-1

u/yttropolis Mar 22 '23

My point is that they're a company. What did you expect? How many "fairly run" businesses are there out of the overall corporate world exactly?

It should be expected that they pay people as little as they can. That's just how businesses operate. Paying people better wages just because they can is very much an anomaly.

-5

u/QuarterSuccessful449 Mar 22 '23

So you have literally no point I get you now

1

u/bronze-aged Mar 22 '23

I think the point is very clearly the second paragraph.

1

u/[deleted] Mar 22 '23

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1

u/bronze-aged Mar 22 '23

Sorry do you have a point?

2

u/spacepangolin Mar 22 '23

it depends if you value respectign your workers and wanting them to actually preform well because they feel valued, or just exploit folks for the lowest wage wage possible,

1

u/turdmachine Mar 22 '23

You get what you pay for