Food costs have been blamed on grocery chain CEOs by members of the New Democratic Party.
There is a person named Dennis Paglinawan.
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The New Democrats want the government to look into whether corporations are taking advantage of inflation to make more money.
A motion will be tabled during the Wednesday agriculture committee by the new Democratic Party's agriculture critic.
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Nearly a quarter of Canadians report going hungry and corporate grocery chain profits hit $3.5 billion.
The rising cost of food is being blamed on corporate greed by members of the New Democrats.
Jagmeet Singh called out the grocers on the social networking site. Singh took aim at Medline after he said concern about grocery profits was misguided.
The CEO of Sobeys, Michael Medline made $8.6 million last year — 15% more than the year before.Did workers at his stores get a 15% raise?No.Instead, he took away their hero pay during the pandemic.
Workers deserve better. https://t.co/neumX4Izsy
— Jagmeet Singh (@theJagmeetSingh) September 16, 2022
Singh wrote that the CEO of Sobeys made more money last year than the year before.
Medline said during the company's annual general meeting that assertions that big grocery chains exploit inflation for profit is not true.
The chief executive said that the attacks were meant to divide us, and that they were a stark contrast to the work done during the Pandemic.
Empire, which runs 1,600 stores under the Sobeys, Safeway, Fresh Co, IGA and Farm Boy banners, reported net income of $187.5 million in its most recent quarter, a slight change from the $188.6 million reported a year earlier.
Singh wrote on Monday that CEOs have to pay a windfalls tax if they want to keep their jobs.
Bakery items — up 15.4%Fresh fruit — up 13.2%Pasta — up 32.4%Corporate grocery chain profits? $3.5 billion, while nearly a quarter of Canadians report going hungry.
Corporate greed is cruel and it must be confronted with a windfalls tax forcing CEOs to pay what they owe. https://t.co/STVCiWeQf3
— Jagmeet Singh (@theJagmeetSingh) September 26, 2022
The Bank of Canada acknowledged last week that the pace of price increases was too high despite the fact that Canada's headline inflation was headed in the right direction.
The inflation rate fell for the second month in a row in August to an annual rate of 7.0 per cent, which is down from July's reading of 7.6 per cent. Last week, Statistics Canada said that the deceleration in the consumer price index was the largest since the beginning of the COVID-19 Pandemic.
The agency said that the increase in the price of groceries was the result of extreme weather, higher input costs and the disruption of supply chains caused by Russia's invasion of Ukrainian.
The prices of meat, dairy, baked goods, and fresh fruit have gone up.
The price of food is sky high and the CEOs of big grocery chains are getting millions of dollars in bonuses.
During the Pandemic, the grocery industry has been put in the spotlight a number of times.
On June 13, 2020, front-line workers at the top three grocery stores in Canada would not be getting their $2-per-hour bonuses.
Store clerks and warehouse staff who kept supermarkets running in the first few months of the Pandemic were the ones who got the extra pay.
Executives from the Canola Council of Canada and the Canadian Federation of Agriculture are scheduled to testify at the agriculture committee meeting on Wednesday.
Dpaglinawan@postmedia.com and denise.pglnwn are email addresses.
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