January 3, 2024
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COMMONS
CANADALAND #914 Stock Buybacks: How Grocers Eat Themselves
Canada’s biggest grocery chains spent nearly 2 billion last year buying up their own stocks.
Jesse Brown
Host & Publisher
Cherise Seucharan
Reporter, CANADALAND
Tristan Capacchione
Audio Editor & Technical Producer
Bruce Thorson
Senior Producer
Jonathan Goldsbie
News Editor
Karyn Pugliese
Editor-in-Chief

This episode was originally published on August 28th, 2023. 

 

Listen to Monopoly 1 – Lost in the Supermarket and Monopoly 17 – Food Fight

 

In the past several years, Loblaws, Metro and Empire have spent billions on their own stock – And at a time of food price inflation and grocery workers on strike. 

Why are they doing it? And why do some economists say stock buybacks should be abolished? 

 

Featured in this episode: 

William Lazonick, professor emeritus of economics at University of Massachusetts

Jim Stanford, director of the Centre for Future Work

 

Further reading:

 

Host: Jesse Brown 

 

Credits: Cherise Seucharan (Reporter), Jonathan Goldsbie (News Editor), Tristan Capacchione (Audio Editor and Technical Producer), Bruce Thorson (Senior Producer), Annette Ejiofor (Managing Editor), Karyn Pugliese (Editor-in-Chief)

 

Sponsors: Douglas, AG1

 

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