Rabble Rants: Loblaws Makes a Killing / Scarborough Transit

Rabble Rants Week 2:

Topic 1:

Loblaws posted record second quarter profits again this year while Canadians are lining up at food banks. Did you also know they (Choice Properties) are also the largest real estate investment trust (REIT) in Canada? And that they are expanding more into residential / rental buildings?

Banking, pharmacies, food and shelter - all commodified to the benefit of the wealthiest.

Topic 2:

After the derailment of a train on the Scarborough light rail network highlights the chronic underfunding of transit, particularly in marginalized neighbourhoods. Many are calling the new Mayor of Toronto, Olivia Chow, a champion of transit - does this mean things are looking up for commuters? Listen in and find out.

References:

• TTC Riders on Scarborough RT
• CP24: What Olivia Chow is promising to do as Toronto's new mayor | CP24.com
• Transit Federal Funding Information
• CBC: Underfunding Transit in Canada
• CBC: Scarborough RT Derailment
• See Choice Properties Portfolio Yourself
• BlogTO: Loblaw made $508M in the last three months amid cost of living crisis