Brad Collins

Jagmeet is still on Loblaw's case. He has a real hate-on for Galen Weston. Loblaws released their full-year 2023 financial in late February. They bought $40.5 billion dollars of goods from producers. They re-sold those goods for $52.2 billion through 600+ stores across Canada. So their gross retail margin was $19 billion. Their staff, rent, utilities, advertising, trucking, etc was $15.3 billion. They employ 220,000 Canadians, making them one of the biggest private sector employers in the country. Interest on debt was $825 million. They paid $714 million in taxes (Federal, Prov. & municipal) . That left $2.1 billion in net income. A minuscule $562 million from the profits were redistributed to shareholders. The rest of the profits were re-invested in new stores. In other words, they re-injected $1.5 billion into the economy. On paper they earned $6.46/share. For a $150.10 share, that represents a return on investment of 4.3% It's a typical retail business with miniscule margins. It's definitely not a stock I would invest in. For context, the Trudeau government burns through $2.1 billion in just a day. Jagmeet won't be happy until Loblaws makes ZERO profit. What does he want them to do with the $562 million they gave back to shareholder? Jagmeet's policies and support of the Liberals does a lot more to hurt Canadians than Loblaws. If Jagmeet really cared about helping Canadians, he'd kill the carbon tax and find other tax breaks for Canadians. He's propping up the Liberals, who's devastating policies have led to record inflation, 40-year high interest rates and made life more expensive for all of us.