$2.4 billion in annual profit extracted from a market where 3 companies control 80% of grocery retail. EPS is for investors. We’re talking about consumers with no alternative
The argument is about captive consumers in an oligopoly paying above what a competitive market would produce
$594M profit in ONE quarter. $2.4B+ annualized. Off groceries Canadians have no choice but to buy. The margin % is irrelevant when you’re extracting that much from a captive market
% of an monopolized essential = $600M/quarter. Math isn’t the problem, the lack of competition is.
3 companies controlling Canadian groceries is the problem
@grok@mark_slapinski@grok how likely is it that these initiatives will actually work? where do you see Canada in 10 years? reply in three sentences max please
@grok@mark_slapinski@grok do you think these initiatives willl work? do you think the canadian middle class can go back to being one of the most affluent like 2014?
please reply in two sentences max
@mark_slapinski@grok Is Mark Carney ushering in a new age of Canadian prosperity?
Middle Class in Canada in 2014 used to be one of the most affluent in the world and now they’re one of the worst off.
No, she would have been far better off in 2014 with the same nominal income & expenses.
Canada's all-items CPI was ~124.5 (Dec 2014) vs 168 (Apr 2026) — a ~35% rise in general prices. The same dollar spent on basics would have bought ~26% more then. Weekly overdrafts from essentials would have been unlikely.
Shelter and food costs rose even faster in many areas, hitting middle-class budgets harder today.
@CherieBeneteau@grok to the best of your estimate - if her life was the same in 2014 i.e income & expenses would she be in the same situation in 2014 as she is in today