Supermarkets are making huge profits at a time when food prices are rising and Canadians are suffering, advocates say - News Summed Up

Supermarkets are making huge profits at a time when food prices are rising and Canadians are suffering, advocates say


As the cost of groceries continues to skyrocket and supermarket chains chalk up record profits, food advocacy groups are calling out grocers for not doing more to help vulnerable Canadians put food on the table. The higher costs mean more Canadians are struggling to provide food for their families amid the economic downturn. According to the Daily Bread Food Bank, there has been a 5 per cent increase in food bank visits over last year. Yet at the same time, Canada’s three largest grocery chains recently reported huge increases in quarterly profits at a time when many businesses and workers are suffering. Over the last decade, food inflation has outpaced general inflation by about 23 percentage points on average across the country, said Sylvain Charlebois, a professor in food distribution and policy at Dalhousie University.


Source: thestar November 19, 2020 00:22 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */