Experts say elected officials should push for more transparency on why grocers are making so much money.
Michael H. McCain, Executive Chair of the Board and CEO of Maple Leaf Foods Inc. speaks with Mathieu Frigon, President and CEO of Dairy Processors Association of Canada as they wait to appear as witnessnes at the Standing Committee on Agriculture and Agri-Food investigating food price inflation in Ottawa on Monday, March 6, 2023.
Other executives from the companies have already testified in front of MPs, but New Democrats in particular signalled their dissatisfaction with the absence of the CEOs themselves. A report co-authored by Charlebois in the fall found the three grocers all posted higher profits in the first half of 2022 compared with their average performances over the last five years.
“I think it’d be worthwhile for the committee to dig deeper into that data for all three companies,” Charlebois said.
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