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Walmart joins Canadian grocery rivals in pushing back against profiteering claims

Summary by Ground News
Canada's inflation rate fell to 5.2 per cent in February, the largest deceleration since April 2020. But prices for food were up 10.6 per cent compared to a year ago, making February the seventh consecutive month of double-digit increases. Statistics Canada blamed supply constraints and bad weather in food growing regions for the upward pressure.

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CBC NewsCBC News
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Walmart joins Canadian grocery rivals in pushing back against profiteering claims

Like its Canadian counterparts, Walmart is pushing back against claims that grocers are profiting from the rising cost of food. Gonzalo Gebara, the head of Walmart Canada, told MPs on the House agriculture committee Monday that rising prices were caused by "a perfect storm" of external factors, not price-gouging.

·Ottawa, Canada
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CBC News broke the news in Ottawa, Canada on Monday, March 27, 2023.
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