Canadian government continues push for grocery code of conduct, Loblaw and Walmart hold out
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- čas přidán 25. 04. 2024
- Loblaw, Canada's largest retail conglomerate, is currently facing public backlash and pressures from elected officials to sign onto a grocery code of conduct.
Some Canadians are preparing actions against Loblaw, contesting with the high prices of groceries. Despite the federal government's push, Loblaw and Walmart - another top competitor in the country - are holding out from signing the code of conduct, which would set rules for negotiations between retailers and suppliers.
Meanwhile, Loblaw has seen two online campaigns emerge, asking people to boycott its stores during May, or to steal items off of their shelves.
Global's Kyle Benning reports.
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#GlobalNews #canada #grocery, #loblaws @Walmart#walmart
Loblaws holding out after the government bailing them out doesn't look good. Should have let them shut down.
I remember when Trudeau was giving loblaws buddies 12 million for new freezers because they are so poor and can't make record profits every week.
We shall never forget!
I totally forgot about that. Thanks brining that up. So many scandals and incompetence it’s hard to keep track of it all
Keep your memory long friend's.
Say "NO" to Loblaws the Outlaws!
Just legislate it, why worry about who is holding out? Laws are passed all the time that affect the general population and we don't get to vote on them, or provide input or ifluence or "hold out" no matter how it affects us so why do corporations get such a favour?
They are just like the Chinese 🇨🇳 not wanting to sign a Code of Conduct on the South China Sea.
are you high?......this is not the same at all.
@@christopher480 are you high? Fascism is fascism isn't worth voting for flavors
Our government does not follow rules of conduct, how do they think they can control others.
Here is a code of conduct strip the pollution back to normal standards & sprinkle the money everywhere back where it belongs.
Canadians have been stripping back pollution and the money belongs in the pockets of the Canadians who earned it.
@@adamtajhassam9188 What one earth is a "normal standard" for pollution?? No such thing exists.
The only code of conduct Lawlaws and Walmart know is to squeeze every dollar out of your pockect!
Of course they are holding out they know they can charge what they want and there is not a damn thing we can do about it.
Boycott Loblaws & all it's tentacles!
We Canadian consumers have incredible power when we work together. Even small steps we take during the month of May will contribute to the Boycott, & help send a message to Loblaws & all grocery chains that WE'RE SICK OF BEING GOUGED!!!
In May, make a run to a different chain or a small independend food store for your weekly shop. Check out their flyers, & spend your money there instead of Loblaws.
Switch your pharmacy from Shoppers to a smaller independent pharmacy! It's as easy as walking into your new pharmacy & asking them to transfer your file from Shoppers. They do the rest!
Lots of steps we can all take, SEND A MESSAGE WITH YOUR SPENDING CHOICES IN MAY!!!
Independant grocery stores are own by National Grocery, a subsidiary of Loblaws. Global News is misleading the public, yet again.
How about Canadians start demanding for prime minister code of conduct. The rest will balance itself out.
if you genuinely think this then you don't deserve to vote. time to take a basic civics class
i went to that store today $51 dollars for one small
bag of groceries it’s crazy between bills rent and food you have to choose eat less or not as healthy in order to pay a bill or rent after today I don’t really want to go back to this grocery store it use to have reasonable prices
Boycott seems to be working, Loblaws was empty today. WOW. THE POWER THE CONSUMER HAS WHEN THEY USE IT.
Can’t shop around, gas is expensive.
One thing I know for sure government has got to stay out of business markets and let the private sector and competition set the prices Anything government gets involved in they will fk It up Especially since their caused most of the problems
You mean all this time and nothing has been done
It’s like everything that passes through those doors……we will fix this….. but nothing gets done, it’s been that ways since the liberals got voted in!
How about actual free market capitalism. Wheat board. Dairy board , ect butter is almost $8 lb up from $5 pre covid competition brings prices down and this carbon tax is also destroying the economy. We are a carbon sink .
Lets not forget the over 1 million new canaidians that all need to eat. Can any business create more supply with growth like that?
We need to all begin shopping at smaller markets and since it’s spring vegetable and fruit stands
Try finding one of those in a city
...and that is precisely why they are trying to choke the small farmers and "fruit stands" out. Big corporate grocery wants the land and control of out choices. We will have no choice and Galen will get richer.
I know where I am not going to…
Loblaws and Independence grocery store prices were already high! Don't know why people would want to shop there.
The Competition Bureau has been complicit in corporate collusion, and higher prices, in allowing M&A resulting in fewer players. . Bigger and fewer players may make sense if your businesses are competing in the world stage for business. But for companies suppplying the Canadian market only?
Boycott 🚫 Loblaws 🚫
Lock up everything but the suntan lotion and work boots
They have record breaking profits. They should not be allowed to raise prices like they have been. This is ficking corporate greed. The cost of goods needs to be regulated by the govt
Everything in this country has doubled so why shouldn’t profits?
Profits haven’t doubled! The higher amount in 2023 is the same as 2019 when dollars are worth less. Trudeau is directly responsible for all of this and people keep ignoring that fact
Show us that the margins have increased significantly. Show us the change in margins.
@@seanwebb605 these people have rocks in their heads. A 3.5% profit margin is as tight as any business should ever operate. They must lose money a lot of days.
@@Trythis837 I'm sympathetic to people who are having difficulty paying for groceries. The prices have really gone up. The sizes have decreased in many categories. However, we have to identify the correct cause if we want to work towards a solution. I'm in favour of a conversation about the importance of shareholder value, executive compensation, corporate taxes, capital gains taxes and such. We also must recognize that reliance on food banks was increasing among the poor and working poor due to rising housing costs. Inflation for groceries and consumer goods only made things worse. However, there is no value in scapegoating. What are the margins? If you can't show that the margins have increased significantly then you can't claim illegal gouging practices are to blame.
Don’t pay the tax!
legistrate it!!! before they'r greed increase prices again to increase the annual "goal" of higher sales from the previous year
Which independent is he talking about?
Keep the boycott up!
How about lower fuel prices and get rid of the carbon tax.
That makes too much sense Therefore they won’t do it
You realize that the carbon price was increased by $0.03/L on Apr 1st, 2024 and the rebate was increased similarly depending on region, right? And that the Bank of Canada report stated that the carbon price and rebate system accounts for 0.15% of inflation. And that the PBO report states that 8/10 Canadians get back more than they spend in the carbon price and rebate system. You do know that, right? The issue is competition laws in Canada allowing for oligopolies. This happened in phones, ISPs, groceries, gas, and many more sectors. Talk to your MP and tell them that you want stronger competition laws and to break up large corporations so there is more competition in the market.
you dont pay any carbon tax and if you do unless you are a millionaire you get back what you put into it on your taxes.
@@Arkhanno you just said a whole lot without saying anything.
@@christopher480 YoU GeT BaCk wHaT yOu PuT iN. Sounds like something a scammer would say
Rules of competition? Like the govt approving Roger’s/Shaw merger.
to heck with a code of conduct make some actual laws and go after weston for profiteering during a crisis. The only way he will learn is if it costs him millions or he goes to jail.
That’s so far from profiteering it isn’t funny.
Everyone shop at a different chain for one month and they would have to change course
We need ALDI supermarkets in canada. West , US and Asian counties has it now canada should also own that. Only ALDI can break Loblaws and Walmarts prices.
was behind an elderly lady today in Zehrs 4 bags of groceries no meat $345.00 when we got married in 71 we could buy a weeks groceries for $20.00
I don’t even go grocery shopping anymore
Another alternative store: Giant Tiger
Our town now has taken to picking on the local fruit stand its frustrating as a single mom being made to shop at these expensive stores due to lack of other food
Boycott boycott boycott
Boycott bloblah
Please, do not steal from anywhere. It's wrong, you could go to jail. Also, stealing will raise the cost of groceries, and taxes that pay for police services, courtroom procedures, and your jail time. 1:06 May 12, oddly interesting to be asked to steal on a Sunday! lol.
The prices is over
Is more than your income
It about time we work together ..love this.The greedy corporations .we really have all the power . Don't get them your money ooooh yes .
All this Grocer’s Code of Conduct is doing is boosting business for Costco and selling memberships. Costco was not implicated in the bread price fixing scandal a few years back and was one of the first grocers to sign on to the new code of conduct.😂😂
Buy 2 loafs of sprouted grain bread for 7 bucks at Costco same bread is 7 bucks for one loaf at Walmart
@@CrooKdLetterJ if you buy gas from Costco your membership basically pays for itself. And that is before you use their CIBC cashback credit card.
Ya you just need to buy a membership and spend tons to make up for it
@@ZenCorvus One item can make up for it.
@ZenCorvus the member ship is literally 60 bucks my first grocery shop almost paid for the membership with the money I saved
It is a free market.. As long as there is demand, prices won't fall. I thought Canadians knew better, this is the same song we hear with home prices, sung by a different artist 😂.. Start digging up some dirt and planting potatoes and peppers for this summer 😂.. Oh wait, farming supplies cost double too.. Story of our lives..
There should be MSP, maximum sleeping price for each product.
The only code of conduct that is needed should be for the Trudeau government!
Just few years a go Walmart was nothing compared to loblaws
Or have more competition
Everyone is free to start their own neighbourhood grocery store……
@@marcusmossuto not that easy smart guy , first of all the gov has to stop allowing big grocery stores to absorb smaller stores and mark ups need to be only 50%
@@jakeace2830 Show us your data on the margins.
@@seanwebb605 the net income margin on food and beverage retailing has consistently exceeded 3% of total revenues. That compares to an average net income margin of 1.25% of sales over the five years before
@@seanwebb605 you’re definitely pro foodflation
This government is embarrassing.
Sales dollars on their books mean nothing. They should be audited yo examine the huge increase in their profit margins. Then regulate the margins they will be allowed. They would cry but who cares, left alone they chose to gouge the consumers.
Keep pushing back Loblaws and WalMart. Tell Trudeau where to shove it. I guess that Jughead will have to move over to shove it.
Get rid of the carbon tax and inherently the price of everything, including groceries will drop.
bahahaha yeah, our supermarket overlords will just use that to pad their wallets. They won't drop the price.
You can't be mad at loblaw and vote for PP cause that a vote for Loblaw cause they have there people on the payroll and the taxpayer are also paying Her and PP support her
Blah blah conservatives blah blah blah hate hate hate blah blah pierre Stephen harper, blah blah
You're inept because you don't know whose in power.
Everything this reject just said is applicable to the liberals but this reject doesn't understand that
Who care about how much they have to lose??? What about families are losing their homes, pretty much everything they own so the beloved shareholders get their millions? Loblaws and Walmart should. To be in a position to hold out!!
Anyone can be a shareholder you know..
@@chriswagner1382 Many may be unaware that their retirement savings and mutual funds are invested in companies like this.
Grocery store chains are business. Their prices include transportation cost which is influenced by fuel prices. My question to the leaders of this country is how are these business supposed to survive in order to place those eggs and bread on their shelfs? They will need to pass some of the operating cost to their products, it is inevitable. Ideology in Canada has become more important than economy... it reminds me of something.
It is imperative that all civil service pensions, CPP, and Canadian politicians are forced to divest any food distribution shares they may own.
Maybe once our government stops profiting from our food insecurity, they'll develop an appetite to regulate the industry in our favour instead of theirs.
Stealing from them will just increase the prices. Opposite effect of what you want. Boycotting is the smart way to send them a message.
Ughhh
Shop independent. It may be more expensive at first but the more of that do it the more you will see prices drop there. And you'll be supporting locally in your communities. Loblaws and Wal-Mart CEO's are rolling in profits.. at OUR expense.
Simple just stop shopping in both stores
Stop supporting big business.
Capitalism
Supreme Court of Canada will rule against: Senate Committee on Foreign Relations: Langley. Prayers
Trudeau's blame-everybody-but-me tactics, like the true desperate coward he is. Didn't stop him before from giving Loblaws $8 million dollars as a clean energy grant. 😆
To be fair theres a monopoly in Canada 3 families control all the groceries in the country and they are all in cahoots just like telus and now i guess only rogers theres 0 competition all the big boys own the little independents directly or by being the wholesaler to them completely controlling the market meaning - win win for them and give you the illusion of competition
Lol lies 😂🤣
Stop blaming the grocery stores. It's the carbon tax, and shoplifting.
steal items off shelves? im not complaining i eat, go to work people
Normalize active unions and local worker, utility and housing cooperatives. Preserve and expand our democracy. There Ⓐre more of us☭🏴🇨🇦then there are oligarchs.
Canada, introduce competetion. Codes of conduct are not worth the price of ink used to print them.
They're on board like it or not . Free food doesn't bother me one bit lol