Aren't politicians great? First they fuck up in several cardinal directions at once, then someone gets threatened if he doesn't fix it. They should all be on death row, I mean, harshly judged.
https://www.rt.com/business/583117-canada-food-chain-inflation-threat/
Canada threatens to fine grocery stores over price inflation
The chains would face “consequences” if they do not come up with a meaningful solutions to stabilize prices, authorities said
The Canadian government is taking aim at grocery giants warning them of “big consequences” if they fail to provide “relief for Canadians” by stabilizing food prices by October 9. The populist move comes amid the rising inflation in the country and PM Justin Trudeau’s Liberal Party trailing badly in the polls.
If feel nationalizations are coming. Then you get crickets 24/7.
Speaking at the Liberals’ national caucus retreat in London, Ontario, on Thursday, Justin Trudeau said that he expects “to hear from them [largest grocery chains] by Thanksgiving on what their plan is to stabilize prices,” adding that “if their plan doesn’t provide real relief for the middle class and people working hard to join it, then we will take further action, and we are not ruling anything out, including tax measures.”
"People are working hard to join it", but we sure won't let them.
The Minister of Innovation, Science and Industry, François-Philippe Champagne, confirmed in an interview with CIBC that he sent out invitations to CEOs of Loblaw, Sobeys, Metro, Costco and Walmart – the biggest grocery chains in the country – to attend in person a meeting in Ottawa on Monday in a bid to come up with a “meaningful action that would reduce price inflation in the grocery sector.”
I wonder what they will do when the internal combustion engine is abolished.
The grocery CEOs denied the allegations of price-gouging and profiteering from the inflation, arguing that “the grocery chains operate with extremely small profit margins and have minimal influence on inflation.”
The Retail Council of Canada that represents Canada’s big grocery chains argues that focusing solely on grocery stores will not solve the problem of rising food cost as it is just a “tip of the iceberg” and instead urged the government to “look in the mirror.” According to Karl Littler, senior vice president of public relations with the Retail Council, it’s “the government public policies” such as ever rising carbon tax that affects farmers and food distributions, limiting the use of plastic that keeps the food fresh, fertilizer cost and vendor cost price increase that mainly contribute to price spikes.
