“The CEO of Sobeys, Michael Medline made $8.6 million last year — 15 per cent more than the year before,” Singh wrote on Sept. 16, accusing the chief executive of taking away workers’Medline, who heads Canada’s second-largest grocery chain, had said during the company’s annual general meeting on Sept. 15 that assertions that big grocers exploit inflation for profit is “absolutely not true” and come from lazy “armchair quarterbacks” who know little about the food business.
“These reckless and incendiary attacks are meant to divide us, and sit in stark contrast to the collaboration and problem solving that we experienced in the darkest moments of the pandemic,” the chief executive said.Article content Empire, which runs 1,600 stores under the Sobeys, Safeway, FreshCo, IGA and Farm Boy banners, reported net income of $187.5 million in its most recent quarter, a slight change from the $188.5 million reported a year earlier.Corporate greed is cruel and it must be confronted with a windfalls tax forcing CEOs to pay what they owe,” Singh wrote in another
on Monday in which he outlined price increases for items such as bakery goods, fresh fruit and pasta.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.
Where does all the money go that they collect in fines alone . Not including other offenses
Why don't you do something as a ndp . Why get others involved in something that you don't understand oh I get it to waist tax payers dollars . You lost seats in last election now your heading for more lost seats .
This guy who voted himself a raise despite not going to work commenting on greed is hilariously ironic. While he drives a jaguar and wears a Rolex.
Its called justinflation can you get that right please. justinflation TrudeauMustGo
Too funny. This guy just woke up. MMM wonder why groceries went up. Conclusion can't fix stupid.
Says 3guy with a 15,000 Rolex and 1500 suits!
Living in times where dumpster diving on APs even run a bottomline profit.
Corporate greed not just grocery profits has gone unabated, to the peril of the regular consumer life & livelihood. Financial institutions, Utility companies,….The government needs to push back on corporate price gauging malpractice.
Yep, leave it to the NDP to decide how much profit a private company should earn. Are they saying Costco and Walmart food prices are too high or that Canadians have become dirt poor under jet-setter Trudeau as our dollar tanks? The overflowing car parks tell a different story
How about we investigate why politician’s income went up in the pandemic. Let’s also investigate why politicians receive defined benefit pensions when no one else does.
After 2 years of failed policy, end the public health state of emergency in Canada now!
How about an investigation in to: - where the hundreds of billions of dollars of covid spending went? - who authorised the massive expansion on the money supply and what happens to this? - the failure of the bank to contain inflation?
Should be investigating the crazy income wage all you politicians get while other Canadians get penny’s while you all get more than cost of living every single year x1000 percent
I liked him when he came into lead the party. I lost all respect for him when signed the deal with the Liberals.
TrudeauMustGo
On the end the citizens have to pay the tax what Mr singh is putting on big companies! Stop this reckless spending and open the market for company from EU and everywhere. Look at a dairy products! It's getting up and up bec, they have no competition
I don't like Jagmeet or Justin much like a lot of people but I can admit when they have a point and he has one here. I said since the whole pandemic thing started that Jeff Bezos, Galen Weston, the Waltons and Sobey families are swimming in gold coins like Scrooge McDuck.
They should also call for an investigation on the oil companies hosing us at the pumps. It’s all the same problem: unchecked and unhinged capitalism. endcapitalism
We as Canadians must ask ' Do we tolerate a PM that is so divisive, corrupt, and racist?'
The guy knows nothing about the retail business. How damn rich of him! SinghMustGo
Who?
Is it illegal to make boatloads of cash?
Justification gone. Now Greedflation. Cut the stupid attempts at trying to be cute. Just say way it is.
Is diesel fuel expensive? 🤷🏼♂️🤷🏼♂️🤷🏼♂️
Will the NDP call for investigation of losses when they occur...just asking for a friend with a grocery store
Is this an NDP shakedown of grocery stores?
Can you include Justin's 12,000.00 grocery bill too or is he buying your food too?
You are same psycho as Trudeau... seems like all politicians are criminals...
It’s caused by government overspending so let’s investigate you!
I propose an investigation into politicians and how they've made millions while in office. Like Trudeau, how did he make last year 65 million?
They truly can't fathom that the consumer always foots the bill, either due to taxes or by way of collateral damage caused by their policies aimed at the wrong targets
People don’t go into business to offset poor policy decisions. They go into business to make money and survive.
Desperately trying to stay relevant are they?
What a clown..the price of food has gone up because of inflations, which the Bank of Canada agreed has been caused in part by the carbon tax on EVERYTHING on top of EVERYTHING. He supports his buddy JT who wants to increase the carbon tax. STOP SPENDING also, that would help.
I would like an investigation for Mr. Socialist to determine how much time he spends on social media spreading Socialist propaganda on Canadian tax payers tax dollars
Carbon tax inflates food prices.
Audit Singh before listening to him lecture.
Yet no calls for an investigation of the missing surplus?
GOOD for you, NDP! High time! How can they do this to everyone? EVERYONE! Where is their public spiritedness?
Then why doesn’t theJagmeetSingh call for an investigation into our GGCanada spending $100k on flight food…
How about Canadians call for Jagmeet to be Investigated got his own profits called of 'Jagflation'
🙄
Government bought 10 does vaccine for each Canadian and how many of those are expired? The government should is so deep in cruption.
I wonder ?
What is this clown thinking. Trying to devert the price of Gas,the unneeded carbon tax and the price of houses,etc. Groceries are one of the many problems. Lower taxes on everything,that would make a huge difference.
Bravo. Can’t wait to hear from these folks; under oath.
Why dont the ndp go after pharma. They make everybodies else profit look sick. Or does the ndp wont bite the hand that feeds them
Jagmeet and the NDP have sold out to the working class! A liberal puppet. Jack L would be disgusted!
If 'corporate greed' is to blame - then shouldn't competition be the answer?
'Call to' how about 'Do it already' This is week 2 of NDP talky talky about something and doing nothing
Nice Rolex Singh
omg. AXE THE CARBON TAX. that is why food; gas utilities are skyrocketing. it does not take a rocket scientist to figure this out. selloutsingh cannot face the fact he is just as corrupt and tyrannical as blackface so he has to find a scapegoat.
Some perspective: average cost of diesel fuel in Toronto: January 2020 - $1.25 June 2020 - $.91 December 2020 - $1.04 June 2021 - $1.25 December 2021 - $1.41 May 2022 - $2.26 August 2022 - $1.82
Oh please
Investing in Canada is not an offensive thing, living off others like you do with your NDP socialist policy is.
Your policies suck and cause inflation. Buy a mirror
what about the profits of big pharma?
Idiot.
Does Singh really think that groceries are the only thing that causes high inflation? Absolutely every thing in the marketplace causes inflation. Is he using groceries as an example because he feels that hurts low income the worst. Try the carbon tax, gas prices, liberals' excess
NDP, always doing the serious work. Except for when Jagmeet is accusing large swaths of Canadians of “furthering racist white bloodlines.”
Ask yourself: Why did the greedy corps suddenly become greedy just now?
The Liberal leader of a dissolving party says what?
Hi theJagmeetSingh, instead of all your political posturing, gaslighting and time wasting, why not pick up the phone and give Professor Charlebois FoodProfessor a call. I’m positive you’ll actually learn something. But watch this short video first. 👇🏻
The political class ignoring related pic are self-serving criminals. Kleptocrats. Thieves....
Wow, I didn’t know he was still the NDP leader!!!
What a joke! Millions of our tax dollars for new freezers and you think they are going to call them out for price gouging
Grocery stores in my area in particular “Fortinos” has been paving all the parking lots. Could this be a way to hide profits!
This guy should shut up... He sold the NDP soul to a dictator-like of Trudeau... This guy is not strong enough and spoiled guy as Trudeau.
Don’t worry it’s Justininflation.
The NDP is not the party that represents Canada or Canadians. What is the point of a call for investigations into anything caused largely by the ruling party they unconditionally supported? It’s a farce! This is political. cdnpoli
Are the Karens going to cry about that term too?
Why do people take these champagne socialists seriously?
Sounds like Communist to me.
When the price gas goes way up because of government stupidity that price is tacked onto the groceries. Trucks run on gas in case you hadn’t figured it out,and that’s how groceries and all other things are delivered to the stores. Why is it that Singh continues to speak,eye roll.
About time 😼
I'll save them the trouble: Inflation caused by a reckless government. Please send me the $10 million consult fee.
Jagmeet why don’t you stop pretending you care!!! No one is listening to your bs!!
You are like a 'noseeum', very annoying, useless but bothersome.
Jagmeet, you’ve propped up the most greedy, unthinkable person who spends taxpayers money like it’s his own - you need not look further TrudeauMustGoNow
They backed they should know why
This party is such a joke.
It is Liberal/NDP policies and taxes. Where do I send the bill.
Broken record killing time.
Singh! Do you have still the face to show up? Really? Go hide yourself somewhere nobody can see you, at least!
Greedflation… term derived shortly after JustinFlation takes root caused by Trudeau Liberal policies blindly supported by Singh NDP Don’t be fooled… the NDP have had a direct negative impact on Canada’s current situation! TrudeauMustGo SinghMustGo
Out of control socialism is all that Jagmeet has to offer.
Well yeah bc it certainly wouldn’t have anything to do with carbon tax
Oh look, jug head made up a new word 😂👍👍
Carbon tax added to every aspect of groceries from manufacturing, freight charges, heating and utilities which all have some carbon tax on them in which the consumers absorb the costs
Just think about how much of that profit is generated from Trudeau's $12,000/month grocery bill
Poor Jimmy is getting desperate. No pension for you.
We need a bona fide revolution with massive systemic changes. 'Let's junket across the country to improve our visibility and promote our brand.'
An investigation. Somehow this dude got himself a law degree but the ability to read/comprehend a publicly available financial statement is elusive.
All power to the proletariat! Damn the grocers full speed ahead
NDP investigation = giant waste of money with ZERO results.
theJagmeetSingh If only you cared about house prices as much as you care about grocery store prices
everybody here defending corporations already forgot the Bread Cartel
How about an investigation into the PMs 12,000$ grocery bill instead?
theJagmeetSingh Are you going to go after a big Pharma next
How about Pharmaceutical profits? How about Union profits?
He hates capitalism, yet benefits from it. What a hypocrite
We should have never trusted businesses with our basic needs. It's that simple.
Investigate the bonuses our government received 👀
Greed is good. So they say. Look at the banks.
Sell out Singh doing what he's good at, blaming others and pointing fingers
How about looking into this, or why Canadians pay outrageous taxes.
There is greed going-on here in BC. Gas price unreasonably high. Why no NDP members talking about it?
Meanwhile, theJagmeetSingh was completely silent on 3 separate pay raises for MPs even though during the 2008 financial crisis the CPC_HQ Harper government gave up theirs 🙄
Singh is nothing but a virtue signaling politician who bobblehead to every Trudeau policy in reality to keep his Lifelong pension
He’s DOING something?🙄
How much does Pfizer make, exactly? Or does Jagmeet only have a problem with publicly traded Canadian companies?
How about an investigation into politicians and how they've made millions while in office.
How about big pharma? Jagmeet, Justin, and others might have a vested interest in that not happening!
Why do the NDP exist again? Oh, that's right, to attack the handful of things in society that still actually work....
These guys are such liars
Out to lunch 😂ironically.
It's called Justinflation, caused by the really inept political leadership and coalitions that print money and don't know their arses from a hole in the ground. eg. Sellout Singh
. . here's a start Jagmeet . . 1⃣ artificial shortages of 'generics' drive us to expensive 'brand names' 2⃣ deceptive downsizing on everything from Campbell's Soup to Corn Flakes 3⃣ staffing & supply chain issues shamelessly exploited to intentionally reduce levels of service
Should be one on his incompetence as a party leader, totally failed Canadians in his role as a opposition leader.
People work for compensation, even in communist countries, no?
I was going to say something about this numb null dude but I better don’t…😇🤪😀😄
As Charlie Munger said the world is driven by envy, not greed. Mr. Singh has shown himself to be void of knowledge on economics and our capitalist system. He supports more spending that drives more inflation while accepting a large salary and large recent increases.
The guy won’t call an election because he’s greedy and wants his pension for life. He’s one to talk
Why stop here? Let investigate all private businesses , banks , telecom - all monopolies )) let government to decide if profits are fair )) how capitalism unfair )) and then NDP will run fairly all Canada )) no, thank you .
the NDP needs to be winning elections to bring change to Canada at the Federal, and Provincial levels of Govt.' since the Conservatives and Liberals aren't cutting it.
It’s about time considering the artificial inflation we are experiencing is partly a result of corporate greed after at least 2 years of retail (specifically grocery stores & gas stations) reporting profits of 200-300% over previous years!
theJagmeetSingh your not much better. Greedflation, Jagmeet how many Greed raises have you given yourself?
Wow, the RWNJ comments on this post are ridiculous
Lots of suppliers discovered an excuse called supply chain to gouge consumers. It is time to expose all of them
Yes, do this!!
If government gets anywhere near implementing price controls we're all going to hell in a hand-basket. The only acceptable investigation would be one that looks at anti-competitive practices. Besides that, the government MUST stay the HELL AWAY from free market dynamics.
Did Singh ask Trudeau if it was OK before standing up to speak or give a press release?
Want to suddenly start investigating companies for “greedflation”, start with Rogers and Bell.
this will go nowhere but he is trying to lure his base back since the latest poll rollout has him in the pits...
Axe the carbon tax! Oh right, NDP thinks more taxes are good.
Private companies can set their own prices. I can buy the same thing at the dollar store, no frills, superstore and Walmart and pay different prices from $.87 to $2.99 or more it has been going on for decades nothing new NDP theJagmeetSingh
The guy has never owned a business and expects companies to just eat all the rising costs?
Government will blame anyone but themselves
How many federal bureaucrats got a raise after virtually tanking the economy again? How many of those raises were double digit percentages?
When your entire reason for existing is to tax and spend, of course you don't have the tools nor the will to address inflation in any meaningful attempt. So demonizing business profits is the go to play for the socialist. Can't wait for small biz to be demonized next.
Just wait until Singh learns how much more money dentists will make next year, his head will explode.
Tell them to read the public disclosures, this is a waste of time
Heres an idea Go get the food yourself
Let’s say, for the sake of argument, he’s correct. How do we fix that? Higher taxes for CEO’s? Mandate higher wages for grocery employees? Who do you suppose is going to eat that expense?
Waste of time and money. Jagmeet and the NDP should take economics and finance courses instead.
When I was much younger a popular economics textbook was Lipsey, Sparks and Steiner. It only spoke of inflation, and never of greedflation or justinflation. It may be cute to make up new words but really, it doesn't impress me. It is about time you opened your economics book.
Called free market theJagmeetSingh sometimes ya win sometimes ya lose. Definitely do not want to live in your government owns everything world.
What a joke the NDP and their 'leader' are, Lol
theJagmeetSingh is a demagogue and a populist. Nothing more.
Seems like the NDP doesn't understand that their policies that drive input cost up also drive output costs up. Large companies are typically publicly traded corporations and have an obligation to their shareholders to maintain margins. Maybe NDP should buy some shares!
theJagmeetSingh dude, why aren't you wearing showing off your elite level expensive Rolex? did you sell it to help with the new dental plan?
Why do you go after the businesses? You don’t allow us to have an election get rid of a dictator dictator!
I hope they do and do so quickly. I suspect the government would prefer not publicly share these findings
No one knows more about greed than Jagmeet. The whole country is suffering through a Trudeau government so that Jagmeet can get his life time freeloading pension!
Hint: it started with fertilizer shortages.
What a communist. We should take the six-digit pensions from these criminals to help the less fortunate.
lets investigate civil service bonuses and double dipping after their 30 year and out pensions kick in
Jagmeet has met the criteria of net zero in brain power ! Well done !
Fox guarding the hen house.
The guy who supports unfettered spending and debt, has bespoke suits and Rolex watches and gives himself 3 pay raises since 2020 while people paying his salary are borrowing to buy food. Singh needs to shut up
businesses make profits. that's what it's about - why not investigate why the Trudeau liberals are going to raise taxes on Canadians during the worst inflation in 40 years on as well as in the midst of a natural disaster?
Stop pointing fingers...greedflation=justinflation
You talk greed when the Liberal government paid out more than $191 million in bonus! Considering every department didn’t work…! It should be returned to taxpayers. Disgraceful
NDP theJagmeetSingh SUPPORT ALL THE TAX HIKES SO SPARE US!!
Been beating that dead horse for years & still hadn't figd out its getting him nowhere. Definition of insanity much? Hard to take Rich Hypocrite backing a Richer Narcacist serious! NDP need to find another Jack Layton. Last leader they had w/any respect. Gagmeet Jimmy D not it!
Pretty sure all those extra profits are the result of Trudeau's expensive monthly grocery bills... just say'n.
Gaslight much Jagmeet?
And they will discover that the cost of transportation went up so food went up.
More economic illiteracy from the NDP
Can we also investigate socialist leaders with $5,000 suits and multiple Rolex watches? He obviously doesn't understand the meaning of private company vs. public.
The same guy taking pay rises and supporting and increase in taxes. He’s a hypocrite.
What's next, price fixing? That works well. Got bored of printing all the monies and devaluing all our time did ya? Those evil grocers...no, it's you money printers.
How bout he looks at himself and his cronies salaries first...ffs😡
Let’s get this dirty little secret exposed….the grocery chains are and have been taking advantage of the consumers. It’s not inflation…I love the term‘greedflation’….in most consumer sectors.
I call for an investigation into wef member treason!
I totally remember when theJagmeetSingh refused his many pay raises during the pandemic. Robin Hood vibes, for sure. 🙄
Jagmeet lost all credibility
Best get rid of Liberals be first step. Second step stop supporting the Liberals
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