Critics accuse Loblaws of profiting from inflation as profits surge by 40% - Toronto Star

Loblaw-owned drug stores account for most of profit increase, but food revenues up, despite higher prices. Supermarket giant disputes allegations, saying food prices are not outpacing inflation and margins remain tight.

Canada’s largest food retailer has just had a banner quarter and critics say it’s yet another example of a company profiting from inflation. Loblaw Companies Ltd. said Wednesday its first-quarter p… [+5140 chars]

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