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Indigenous and Northern Affairs committee That's okay. No problem.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee I would like to see that differential, because our prices are actually very strong, and we do look to lead prices locally. I don't know about that particular instance, but I can tell you that it has no reflection on the fact that we absolutely pass on 100% of the subsidy, and we do pride ourselves on trying to continue to bring the costs of products down in stores every day.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee No, we haven't had record profits, even if you go back to the first quarter. We've always taken a balanced approach on passing the cost to the consumers, given the relationship that we have with our customers. There is a lot of competition. Jean-Pierre talked about some of the outshopping and e-commerce opportunities.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee We don't break it out, but I would say that the same types of businesses have similar margins. For example, the traditional grocer versus the warehouse clubs, which is what we operate in other markets, would be aligned.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee It depends on the business. Again, we don't break it out, but in terms of our margins, which was the first question, I'd say there's an alignment among businesses of the same type of concept.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee Would you like to go?
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee Unfortunately, I don't have an estimation for you, but I will say that your comments are correct. There are a lot of inflationary pressures all across the business, of which the carbon tax is one. I don't have the pro-rated amount of what the contribution is from the carbon tax, but there are a number of inflationary pressures on the business that we're managing.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee Yes, definitely. It's just like every other cost pressure for a northern customer. It has definitely caused food to be more expensive.
May 8th, 2024Committee meeting
Dan McConnell
Indigenous and Northern Affairs committee Thank you. Good afternoon, committee members, and thank you for the invitation. The North West Company is committed to working with parliamentarians to address persistently high food costs in the north. We are pleased to be here. The North West Company is Canada's primary retailer serving northern and remote communities.
May 8th, 2024Committee meeting
Dan McConnell