@mla.marlin.schmidt: Loblaws Made $800 Million While You Can’t Afford Groceries Loblaws reported nearly $800 million in profit in a single quarter. Instead of lowering prices or paying workers a living wage, they spent almost $700 million buying back their own stock. That money didn’t go to families struggling at the checkout. It didn’t go to grocery workers barely scraping by. It went to wealthy shareholders and billionaires like Galen Weston. So the next time you’re told grocery prices are high because of “inflation” or “thin margins,” remember this: record profits don’t come from nowhere. They come from your wallet. Affordable groceries aren’t a luxury. It’s time to put people ahead of corporate greed. #groceryshopping #groceries #affordability

Vinnie 🇨🇦 🇮🇪🏴󠁧󠁢󠁷󠁬󠁳󠁿 :

Thank Stephen Harper . He allowed Weston to buy up smaller chains and created a monopoly.

canolacartel :

Don’t forget to donate 2 dollars at the till

engmomma🇨🇦 :

But I thought PP said it was Trudeau's fault? 🤷🏼‍♀️

Absies :

$800 million in ONE quarter! They’re making that money off of FOOD that people need to literally live

Ginger Bee :

Stock buy back should be illegal.

longlu :

It's almost like capitalism is a bad system

Zionism_is_not_Judaism 🇵🇸 :

Pretty sure this ends when people go back to working the land and start growing their own food again.

tony from Etobicoke :

Simple don’t shop at Loblaw

Preebly :

That's a 1.25% profit on their $64 billion revenue

bob :

grocery workers should be paid a wage that allows them to raise a family, buy a home (apartment etc), and save to retire.

Evangeline Crane :

I don't understand how they blame inflation and tariffs when they have record profits 🔥🔥🔥🔥

J.A.O :

Corporate greed

Jim 🇨🇦 :

End stock buy backs and bring back the tax code from 1967.

Sarah | MS & Books 🍭📚🎀 :

It’s not inflation it’s corporate greed

mr.wonderful_73🤔🇨🇦 :

stock buybacks should not be a tax deduction

MTBL🇨🇦 :

This is a greed problem 👌

user9093052150999 :

Galen Weston was instrumental in fixing bread prices, along with all the grocery barons.

northernsailor :

why does Canada allow stock buyback?

hellosheena :

public grocery stores now

Sue aka patsystone 🇨🇦 :

Infuriating. The federal government needs to put a hefty wealth tax on these companies, put in laws tightening up stock buy backs, provinces need to up the minimum wage.

🇨🇦DIRK🇨🇦🏳️‍🌈🐶 :

they're cutting hours and giving ppl zero hours. send help :/ they keep investing in their owners instead of their employees 😭

🇨🇦Kat🇨🇦 :

everyweek things I buy go up by $1.00

changethislaternine :

Shop elsewhere then ffs

d-bate 🏹 :

Nothing will change if people keep shopping there

Toon_wolf306🇨🇦 :