this post was submitted on 29 Mar 2026
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Loblaws made $2.7B profit in 2025.
Sure and how much of that was things like their REIT, or the higher margin non-food items? Loblaws is a franchise so like McDonalds, it makes money from owning and leasing land if I'm not mistaken.
In the end you're taking a risky gamble when its pretty obvious food prices are elevated due to all the Covid stimulus we printed, and it wont come down unless the money supply falls. We are still buying half of all mortgage bonds to artificially inflate asset values, while people complain about "greedy grocery stores" as if they are fully to blame.
https://www.bankofcanada.ca/markets/canada-mortgage-bonds-government-purchases-and-holdings/
Food prices are also going to increase along with fertilizer prices, due to the war