I would certainly refute those claims, based partly on the profit figures that we've just discussed. I think more responsible observers have said that recently. That's certainly true of Professor Mohanram at U of T. Perhaps I can quote directly from Sylvain Charlebois, whom you'll see shortly so you can ask him about it. They looked into the profits of major grocers over the past five years, and they found no evidence of profiteering. The quote is this: “If 'greedflation' exists, the available data suggests grocers are not responsible.”
Even the Canadian Centre for Policy Alternatives is now backpedalling somewhat and indicating they're getting some mixed signals now. The most recent financial results from the grocery retail industry do weaken the case that “greedflation” is taking place.