Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.

It’s such a slap in the face when they try and say they acknowledge what Canadians are facing. It’s like they think we can’t even see it.

Govt should introduce Profit Tax on these big Grocery Stores. We should BOYCOTT LOBLAWS - they increase the prices beyond our control.

Galen Weston - We only make 1 dollar on 25 dollars worth of food sold. Also Galen Weston - Net worth 7.6 Billion.

When I go to the grocery stores, I see a lot of products that are almost expired because people can't afford them or are buying less. What a waste. We should be able to buy milk and bread without having to go in debt.

Loblaws earned 594 million profit in 90 days. This profit was incurred by selling stock for 594 million more dollars that what they paid on the global supply chain and by strong-arming and riding the backs of vulnerable Canadian farmers. Loblaws take of 594 million more than their total costs, paying farmers less than cost for their labours, is not an example of fair business practices that pass the savings on to the customer. They did this while fully aware that the Bank of Canada was raising interest rates x 7 to contain food inflation. They saw the inflation crisis as an opportunity to gouge 594 million.

I know so many people that have to go to the food bank now , working families in a position they never thought they would have to be in now . There’s no excuse , they are trying to starve us out

Consumers are tired of grocery CEO's bending them over the checkstand!

Galen Weston you have made me never want to shop at a Loblaws again.

This is a direct consequence of locking everything down, preventing truckers from doing their job, and printing money for 2 years straight. If you supported these things you have nothing to complain about.

No one mentions the price/product changes! E.g. cookies used to be 1.99/500g and the packs are now $4.99/425g. Not only prices going up, products shrinking…

It's not surprising or out of character for a Conservative rep to totally miss the point of this parliament meeting, and instead of asking meaningful questions to the corporate oligarchs, he takes his time to bash the Fed gov and carbon tax and at the same time gives these scumbags and out, to blame the tiny bit of carbon tax for the price gouging. I want to know how many dollars of lobbying money the Conservatives have taken from this sector. Absolutely ridiculous. But also, right on brand. 🙄

I use to work for loblaws! Let me tell you this man galen weston is evil!!!

That’s the problem with the establishment/government allowing pharmaceuticals to price gouge. The other corporations want the same windfall. Stop corporate greed! Put a cap on executive salaries, ban dividends, or better, just ban the whole bloody stock market!

All of the whining at the opening remarks just made me yell "YOU MADE RECORD PROFITS!!!!"

It's a lost cause trying to explain to a millionaire CEO who get's a $2+ million dollar bonus every year what "regular" Canadians are dealing with. When a person declares a chicken breast as a "luxury item" you know there's a massive disconnect. The have's don't care about the have-nots, as long as they get their millions in bonuses every year for rising profits....

Literally did not believe a word that came out of their mouths. I saw my local real can super store increase prices consistently since June 2022. They raised prices on No Name products prior to announcing freeze and then after 3 months No name stuff was priced same as brands. The prices are obscene. I moved from Australia and yes prices increased there but not like this! This is literally a robbery. I can say though I’ve done an analysis and freshco & food basics are definitely cheaper. We have switched from loblaws & Walmart.

We went from heroes to zeros when Loblaws gave a measly 2$ for store and distribution employees and then took it back almost immediately during COVID-19. Thanks for the carrot for keeping us at work in order to supply and serve your stores for you to make record profits.

It’s the governments fault, it is their carbon tax that is hurting everybody, what that tax is in realty is a life tax, punishment for living!

My grocery bill has gone up 30% since last year.

Am I the only one who feels that the president's choice quality has gone down hill the past few years???

They don’t lose money on chicken…. They’re profit margins on some products are 66%. On average it’s about 15%. They’re making at least a hundred dollars on every case of items they sell

Cost of everything has gone up.why don't we start with the carbon tax that costs us 1400 a year.

I was disgusted to hear that Loblaws took back the $ 2.00 from the employees ! Galen Weston and company can explain all they want, but the bottom line is that they are more expensive than "Food Basics" and "Walmart" when it comes to several items, and there is no reason for that as all grocery store owners face the same challenges !

Sometimes there are days and there are weeks that I go without food because of the inflation. Not to mention that I have several disabilities that I get no support for and pay out of pocket to keep myself alive. But it’s people like this who unalive others just for the basic needs of life. Disgusting! Please guys focus on who you are supporting and who you are voting in our government. Kudos to Mr. Singh for bringing this up to them.

38:57 is when Jagmeet starts ;)

Yep, it's not you, like it wasn't you when you were found guilty of price fixing on bread. Why doesn't Galan point out that's of his charitable works were paid for and donated by his customers, not his business. While rising prices he provided a way for customers to donate their pc points to food charities. Should we thank Galan or the people who actually helped. Can we keep in mind that Weston grocery stores implemented self checkout kiosks, not because of the pandemic but a year earlier. The impetus for this was a minimum wage increase in Ontario to $15/hour. (Which was subsequently quashed by Doug Ford). Galan was phasing out employees because he didn't want to pay out $1/hour more, long before the pandemic was on the horizon. Tell us again how you don't do it for the money.

Why are private company's being asked to be more transparent when our government swims in muddy water? I agree they made record profits but I also like to know where my tax paying dollars go and my gov't works for me?

The problem isn't Weston- it's our government policies that allow oligopolies. There's zero competition to keep these guys in check. Canada is one giant oligopoly.

Heartbreaking going to the stores now trying to figure out what you can buy there is a promotion and it was sold out within less than the daisy required so it's hard when you can't get all the products I guess they have a limit

As a blueberry farmer we only get 60cents to 1.10 per lb but it’s sold in stores at $6 to $8 per lb who is making the money in a time when trucking companies are going under?

Profits represent unpaid wages & value withheld from customers

This is hard to watch to just sit there and lie raking in billions

Yet Mr blaw blaw couldn't fund his own freezers a few years back 🤔

I now understand why I failed math. According to Galen Weston, 1+1 = $24 per basket.

All those big corporations, supermarkets and each of the owner's businesses is taking advantage of Canadian consumers

It's just funny Galen Weston had to show up for this. 😂

Galen schooled him! Singh has no clue how to run a business. He has never ran a payroll. He should never be taken seriously on these issues.

Here's my warning to the CEOs of these companies, the next time you get caught price-fixing any of your products I'm not going to ask this country to go after you financially. I'm going to seek serious jail time for you all.

Might as well go shop smaller stores, butchers, specialty stores, ss they are most of the time cheaper now and often offer better quality.

I went to Sobey's today to buy grapes 🍇 for my daughter. When I checked the price, it was like $8.99. That's crazy!

We woke up to a 60 per cent increase to insurance,no shame

Galen just said they operate at 4% profit margin. That's sad. As an engineer, I don't get out of bed for less than 50% profit margin. But the grocery industry is a different beast, different business model. In some ways, it's easier to scale, too. Engineering is very difficult to build a team and scale bc you need 10x the number of talented people to operate. The problem with Singh is that he doesn't realize inflation is the core of our problem. We have an over stimulated economy. All our GDP growth is fake. Our economy is contracting in real terms as we lose more and more to China. What we need to do is deregulate, decrease government power, separate the central bank, and end corporate welfare and lobbying. As Canadians, we need to go back to building tangible assets and free market free from governments and central banks. We need growth in the right areas. Today, most of our growth is real estate price increases, like come on, this is unsustainable, it's a scam. CAD is a ponzi as it's purchasing power plummets from central bank printing We need a gold standard, more manufacturing. We are saturated with business developers and web developers, but we don't build anything anymore. I'm 37, and I'd love to open a factory and make whatever toilet paper, for example. But the start-up cost is like 5 million dollars for a small operation, that's insane. How are we supposed to build under these conditions? Until all the old greedy men get out of the way, we'll never fix this downward trajectory.

That stupid carbon tax has killed everything from the farmer right down to the purchaser

All bills charged by the cities government went up 5 to 10%…Water bill, gas bill, electricity bill, property tax, What is that to do the by inflation? They should bring up for investigation!!!!!

Anybody have stats on how much money Walmart, Superstore or other Grocer saves by using their customers like employees by scanning, bagging and processing payment themselves.

I don't shop now at loblaws, to me they are thieves, prices just raise and raise, have you check the meat prices at loblaws - suggest you hire an armour car loaded with your money when you go to loblaws, they are having such a hard time profit wise - not

Loblaws is so heartless to have raised prices to make record profits when millions of Canadians can't afford to buy basic foods. Community food banks also ran out of foods. What's next Loblaws?

Loblaws is one of the worst but Sobeys are not far behind. I shop in Walmart and if its not there i live without it. I was in the UK in August/Sep. and i found more deals on grocerys there.

These food chain has made record profits during this pandemic and they can't adjust the prices to certain foods...Loblaw get government subsidy as well. Maybe the government needs to bring more food chains into the market.

How much food are these stores throwing out everyday??????

West Canada crude oil is $0.412 per litre, but Calgary pump price is $1.40 per litre. Government should investigate, the gas station profit is too too high.

I can't even imagine how much merchandise is being stolen these days from grocery stores.

What was the answer to the question, "Where are Walmart and Costco?"?

Grocery stores are a convience not a human right. Be thankful they provide the foods you want. Ignorance in Canada is real. Feel entitled to everything with no efforts. Grow your own dang food if you don't like the prices

If I used to make $10 for selling $100 worth of eggs, now I make $20 for selling $200 worth of eggs. The number of eggs sold is still the same because the cost to produce eggs has doubled, but I have "record profits", a "100% increase in profits", or my "profits have doubled". Similarly, I have record bonuses paid out to the execs. The fact that Singh ignores this shows his disingenuity.

It is to bad to screw the people in the inflation times,but don’t forget the other company like banks, car sellers, real state company… So government must go after all of them not only Loblow.

Raise prices then lower them 30 cent and say prices dropped just like gas im not a gold fish i remember what butter cost a year ago

Their payroll has decreased dramatically due to self checkout

The question is what costs are included in the total $24 cost per basket?

I knew nothing was going to change…..

Singh is the Corey Booker of Canadian politics. Instead of asking good probing questions, it’s all about grandstanding to his fan base…what a waste of opportunity.

How many bailouts to state funded "news networks " is too much bail out?

Make the grocery chains Pay up their taxes for their profits

This mediator between Singh and Weston is such a weasel

The problem is goverment wasting our money and extensively taxing us and therefore driving inflation up not the businesses

I'm confused how this woman says the government is implementing taxes and such that harm the agriculture industry but then says farmers prices are going down, so which one is it?

At least we have one good leader in Canada who is standing up to these CEO's. Thank you Jagmeet Singh.

Woah! Weston actually implies we should be thankful he hasn’t raised prices more

Mr. Weston admits that he is making 4% which is $1 per $25 of groceries. That is a whopping 4%. If. He lowered his profit margin to 2 for instance. Then maybe the customers would actually buy the food and come back again because of the deal they got not because they got ripped off. Period places like that deserve to be shut down

Chairman was way too generous with glocery CEO's, almost protecting them from getting grilled.

Weston saying the math doesn't add up fails to tell us how they hide profits through accounting schemes and gimmicks; basically how cooking the books legally can hide profits as high as 1000 percent and end up in offshore accounts.

As I'm listening and reading what these CEOs are saying, I'm remembering some quotes from the TV show MASH....what a bunch of horse hockey/mule muffins.

The real question is does capitalism work for the workers. It does not. Bring back the post war tax rates for the wealthy and corporations an make remuneration systemic. The first step would be to rescinding legislation (passed in Canada in the mid '60s) that gives corporations the same rights as human beings. Interstin gthat the ONLY person really holding the CEOs accountable.

How much pension for Singh is too much pension.

finally!!!! a politician who is looking out for the people! good job Singh!!!

superstore gets a huge tax write off for the charities and when people donate at the till it's superstore that gets the huge tax write off for the donation and they don't have to spend a single dime from their profits

why will it take until June to show their books for review?

ill make this as simple as possible. If prices were up just because of any factor then profits would be the same. They are billions more in profit. 2. NDP is the only party that is actually fighting any crises that effects everyday people. 3. Singh is the only educated candidate we have for prime minister a lawyer who took a massive pay cut to help Canadians, compared to a drama teacher and a career politician who hasn't helped anyone ever.

19:00 this lady just admitted the real issue

If it gets any worst for me and my family, I won't care. I don't believe in stealing or any other criminal offense, but it's a struggle and emotional state that people won't have a choice God forbid. Trudeau did this, and than again why should people struggling get charged with stealing food, when the liberals are literally taking it from our mouths.

Lockdowns, money printing, carbon tax. If you supported these things, you helped cause the food spike.

thank you for Mr. singh for supporting the consumers from greedy CEO like Loblaw, I knows so many new immigrant working even night shift for minimum wages at Loblaw's witch is really unfair white their profit is going up!!!

So is Loblaws making $0.13 more on that $1 per $25 of groceries? So they used to make $0.87 per $25 of groceries? Or are they now making $1.13 per $25 of groceries? Sounds like Galen was technically honest with Loblaws increased profits, but tried to make it seem small and hid it in his repeated $1 per $25 statements.

How much profit is too much?? A question that could only come from Canada...

Mr Singh, how much tax is too much tax?

I am not sure how Mr. Singh can stand and ask "How much profit is too much profit". On April1 a back bench MP's salary will increase from $ $189,500 to $194600. Considering parliament sits for only 135 days that is $ 1441.50 per day. As a yearly salary (250 work days @ 8 hours per day). That gives a backbencher $ 97.30 per hour. Ministers and of course the leaders get much more. This is their fourth pay raise since Jan 2020, the official start of the pandemic. Don't forget the carbon tax goes up on Apr 1 (same day). It is going up 25% or $ 0.022 per litre of gasoline. Food stores make 1 to 3% profit. Shell's profits last quarter tripled in comparison to the same period last year. Maybe the question should be HOW MUCH SINGH IS TOO MUCH SINGH?

What has government tax revenue from the assembly line to store shelves been for essential items and food? Why don’t we audit that? Is anyone in this comment section doing the math? Even if these guys were lying and their profit margin was multiple times what they state it is, taking all their money would barely be a drop in the bucket for Canadians. Farmers were also warning about this like 6 months ago and uploading random videos on how it cost them exponentially more to raise livestock and grow feed etc. Inflation aside, this increased cost of production was being warned of in 2022 by the people producing the food. The government printed money. Our supply chain shut down. There are fewer products being produced. There are new laws making it dramatically more expensive to produce food. Like it or not the vax mandates have had a huge and lasting impact on the industries that ship our food and that’s on top of the already existent greater global supply chain issues. It pains me that people can convince themselves in this day and age that the greed of corporations can outpace these kinds of influences. I swear watching a 5 minute video on the laws of economics would expose the farce that this is. I know people don’t feel sorry for rich corporations, nor should they, but that doesn’t permit a lack of common sense. These companies are spending more than ever to put food on shelves. Obviously their profits will rise when money is inflating and they are literally investing more than ever based just on the cost of production alone. Before we even get to their greed, rest assured they’re gonna work that into the cost. Getting our food to the shelves costs thousands more in carbon tax alone than it did even the last few years. It’s 100% accurate to say that Jagmeet Singh knowingly and willfully increases grocery prices and then yells at the grocery store when it happens. He is a charlatan of the purest form.

Then the US gets after %2 why not go after them instead of the general public? Because the CEO can't be bothered to pay it.

We can thank our lovely PM for all of this, Canada is going further down the shi**hole everyday as long as he is in office. I’ve never seen Canada so weak. 😂😢

I am a senior and a shareholder of Lolaws. Thousands and thousands of seniors are shareholders of Lolaws. Why NDP supporters want to hurt seniors ???????????????????

Next Committee Questioner, male, missed his name, translated from French. Says to "keep answers brief" as "My time is so valuable."

Tired of the Corporate tax on society.

How about dropping the carbon tax? That would drop grocery prices at all stages of production and distribution. How about dropping some red tape and regulations, like trying to regulate fertilizer use.

What is more important Trudeau should GO !

Our politician's are not hard enough.

Or another way of saying it is that Galen Weston personally makes $2 for every hundred dollars that spent in his grocery stores every single day all day long.

Been shopping at superstore the past 25 years but I've now seen exactly that they are doing and I'm now going to commit my shopping at Walmart

The Liberals and NDP couldn’t care less about the cost of living increases as they are responsible for it and won’t do anything to stop it. End the costly coalition.

Shame on every person not seeing the true issue with grocery prices. Inflation is a government created problem. Businesses can only make adjustment based on the divisions that are facing the challenge. 2 billion profit is not a lot. Where was the government when these businesses lost money. Oh no one is talking about that.