Food processors and manufacturer profits have far outpaced the profits of the grocery retailers. Some, like Heinz, have seen profits increases of 700% to 800% in recent years. The US grocery store profits has remained fairly stable. This video also looks at dollar profits when it should look at percentage increase.

I mean the CEO is going to make a bonus of 10 billion dollars this year.... But the prices are out of our control... WTF..

There isnt a single grocery item on the shelves that reflect the prices they were 1yr ago. To make matters worse, the BoC sees inflation as a problem (ie, high food prices) then respond by raising interest rates to bankrupt people out of their homes. We're genuinely fkd. Why? Cause while the problem is economics and the lack of regulation of the free market, the average Canadian lobbies on behalf of corporate power (unions are bad, regulation is bad, govt social programs are bad, so on and so on), worse they simply cant think about or even articulate what the actual fk the problem is so blame immigrants for their economic hardships.

8:48 You forgot to mention that Jagmeet’s brother is a lobbyist for Metro. Great video!! Thank you for the comprehensive and objective explanation.

Sobeys and Loblaws are locked it what is called Cooperatition. The telecom argument doesn't make sense because it is not normally bound by geography, your choice is usually 5, regardless of where you live. Loblaws can't cut their way out of this with a few part-time workers, and if it was truly a 1 to 1 relationship, then these people could just move to other grocers.

The government will never do anything to serve Canadians. Grocery stores are not the only issue when it comes to profiteering. There are many issues involved. Carbon tax is not helping, however it is not the sole issue. This is bigger than we know...

@richierich8081

Ай бұрын

You guys got swamps up there??? Cus we got the swamp...and it's real bad.

@schwags1969

Ай бұрын

@@richierich8081 Oh, yes we do, I feel your pain neighbour.

@wilfreddale764

17 күн бұрын

Carbon taxing is a wealth transfer program.

And this is why more folks ought to avoid living in car dependent suburb. You depend too much on big corporations like Loblaws for basic needs. In mixed use areas built before WW2, there are still many small grocers, bakeries, meat markets, farmers markets and family owned grocery stores.

@mikearchibald744

Ай бұрын

Immigrant stores have opened all up our main street and I"ve cut my grocery bill in half by shopping there. Better products as well. Not the same shit from four different corporiations.

@ryanelliott71698

13 күн бұрын

The problem is you can’t since most cities are not walkable

@alexsmith-ob3lu

12 күн бұрын

@@ryanelliott71698 Cities and towns are not car infested suburbs.

This video never mentions inflation. As in the Candian government's creation of new Canadian dollars out of thin air. Not one time. And that, my friends, is "lying by omission".

@elaishh3533

29 күн бұрын

Wait, so your telling me endless printing of money causes inflation aka a silent tax for the government, paid by citizens and non citizens alike.

@Grimenoughtomaketherobotcry

11 күн бұрын

You do know that private, highly profitable chartered banks in Canada also have the power to create money out of thin air, too, don't you, in the form of credit? All levels of government and private corporations can issue bonds, which is also a form of money creation. Just because the B of C can tell the Canadian Bank Note Company to rev up the presses does not mean it has a total monopoly on money creation.

More and more people are growing their own gardens now for this exact reason. Grocery prices have gone too far. I find us going to H&W Produce and the Italian center more these days as they have great prices on produce. Also looking into CSAs.

@elaishh3533

29 күн бұрын

And chickens over here🇺🇸 Back yard chicken ownership has exploded since lock downs.

@wilfreddale764

17 күн бұрын

Let me save up for the house with the backyard first and I will let you know my garden is doing in 2075

Corporate greed and dumb consumers are the problem. Consumer need to buy what is in season.

@HiiighNoone

17 күн бұрын

Instead of advocating to lower prices?🙄

@silvianosanchez8430

16 күн бұрын

@@HiiighNoone , I never said that. But advocating will not get you as far as action. If we as consumers don't buy expensive items, the prices will go down.

@HiiighNoone

15 күн бұрын

@@silvianosanchez8430 agreed 💯👌🏾👌🏾

@kristinashepherd3003

13 күн бұрын

@@silvianosanchez8430that’s not even remotely true. They can charge whatever they want because they are monopolies. Canadians created these monopolies because they are anti-American.

@1:50 Carbon Tax impact "although not nearly as much as some would have you believe"... OK how much? Yiu magically quoted a 12% figure on the Ukraine war effect. Everything comes by truck. @2:17 gross profit with nominal figures. Not adjusted for inflation. After adding 40% more money to the supply you cant compare 2015 dollars with 2022 dollars -- they're simply not the same measure of currency. You must adjust for inflation. @2:50 how about analysis of the fixed absorbed overhead of retail space and labour, contrasted with the sales of clothing and makeup? @7:07 several companies is not a monopoly. It is an oligopoly, but it would be hard to argue this is the case. @6:36 the pie graph shows 5 companies making up the whole market when this isnt true. Research indicates that the 5 companies make up between 70-80% of the total grocery market, so there are dozens of other players in the 20%. This is the Pareto Principle on demonstration, man. 80% of the companies have 20% of the revenue. You make it look like the 6800 independent stores and regional chains dont exist and thats inaccurate. @6:55 Where is the analysis of what the competition bureau did about aggregation over the last 30 years. Perhaps an analysis of this and why government would succeed now vs then in regulating the aggregation to Pareto distribution. @8:43 Where is the talk about the lobbyist brother of the leader of the NDP who leaves out one specific chain fat too often? Wow how do you miss that? @8:53 The video suggests that the government could fix things by 'cappint prices'. The last thing i want from my government is supplying food and screwing with prices. Have you researched Trudeau Sr's experiments on price and wage controls?

Will you do a video on the carbon tax? I'd very much like to see your analysis on it!

Lablaws was kicked out of Alberta because they tried the same thing but hid their name under superstore 😂

Loblaws is up just under 6% since May so far.... so .....

I shop where I can afford food and it’s more expensive to shop at No Frills where I live than Sobeys - let that sink in. Walmart is the cheapest and I don’t care if it’s unionized or not. I have to eat .

Aldis we save at least 35 percent over any other store .

People are not staying at the farms and there going to collage

The tiny hats

Inflation causes prices to rise. Who dictates inflation? The banks raise interest. Then everbody raises prices to compensate. Forgot to mention the covid circus and realtors and developers flippin real estate. Oh and airb+b. Can you think of more reasons? I pass the baton to you.

Unions

Plandemic

blame THE LIBERALS !!!!!!!!!!!!!!!

@kristinashepherd3003

13 күн бұрын

Blame both parties for this mess. It’s always been anti-American hence the monopolistic nature of Canada. So basically because of this we pay higher prices.

@emarkers777

13 күн бұрын

@@kristinashepherd3003 Trudeau's COVID Lockdowns, and now his pet project to save the planet with Carbon Taxes (like how does that work?) are the biggest reasons we are paying too much for everything . Canada is going broke !

@emarkers777

13 күн бұрын

Trudeau's Nationwide Lockdowns, and now his pet project to save the planet, Carbon Taxes (how does that really work?) are the reason we're paying too much for everything. Canada is going broke !!!!!!! This Liberal/NDP government is COMMUNIST!!!!!!!

Putin's WAR........................................

@mikearchibald744

Ай бұрын

Did you say the same about Bushs war when they overthrew three different countries?

@paulrodgers7228

Ай бұрын

@@mikearchibald744Except Bush Jr didn’t invade one of the world’s breadbaskets. Having said that, f**k Bush Jr.