Well Loblaws is a REIT as well, and I believe their margins are far higher on that, which raises top line margins.
The REIT does well due to our government zoning policy, which has caused massive urban sprawl and extremely high commercial real estate prices. Likely also causing a lack of competition and higher prices for goods, like everything in Canada it became an oligopoly.
Why are illegal immigrants a good thing, wouldnt we want to restore the wage pressure we had prior to opening the flood gates of immigration ourselves, where every business article was talking about "quiet quitting" and rising salaries?
I'd say our healthcare and housing system wasnt overburdened as well, yet I'm supposed to love unregulated immigration just because Trump does not?
https://www.cbc.ca/news/business/quiet-quitting-worker-disengagement-1.6560226