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Grocer profits: Report shows record breaking increases in 2023

Profits in the Canadian grocery sector will likely exceed $6 billion in 2023, setting a new record as they rise eight per cent from last year, according to the Centre for Future Work. New research by the progressive research institute found that food retailers are now earning more than twice as much profit as they did pre-pandemic.
Jim Stanford Galen Weston Lawrence Macaulay Gonzalo Gebara Loblaw Cos Metro Inc
Source: ctvnews.ca

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