NDP calling for probe of grocery store profits as food prices continue to rise | CBC News: While Loblaw and Metro have attributed their increased profits to a rise in pharmaceutical sales, MacGregor said it’s still worth looking into.

“I think Canadians deserve answers and … in this time where they see
the prices of everything going up, unfortunately they have a Liberal
government which has not paid much attention to the role that corporate
greed plays in the increasing prices they’re seeing,” MacGregor told
CBC.

Canada’s three major grocery chains all posted increased
profits in their most recent financial reports. Loblaw reported a
quarterly profit of $387 million — an increase of $12 million, or 3.2
per cent, over the same quarter last year.

Metro posted a $275
million quarterly profit, up from $252.4 million in the same quarter the
year before. And Empire reported a profit of $178.5 million in its
latest quarter, up $6.6 million in the same quarter in the previous
year.