An article from the Toronto Star about corporations jacking up prices solely to earn more profit, not just because of inflation:
https://www.thestar.com/business/202...-suggests.html
Quote:
A deep dive into the financial statements of Loblaw Companies Ltd., Empire Company Ltd. (which owns Sobeys) and Metro Inc. shows that profit margins ? the difference between how much they buy and sell their products for ? are rising.
The numbers suggest these grocers are raising prices more than they have to. Rather than just passing along higher costs to customers, they?re passing them along ? and then some.
?Yes, some prices are rising because of problems in global supply chains. That is absolutely happening,? said DT Cochrane, an economist with Canadians for Tax Fairness. ?But some prices are rising because corporations are jacking up their markups to serve their bottom lines.?
?There?s a very simple reason for this inflation, for this affordability crisis: It?s because corporations are taking the opportunity to raise prices,? said Cochrane. ?The people who set the prices are setting them higher.?
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You can definitely lump Hasbro in there with Loblaws.
