SoVote

Decentralized Democracy

House Hansard - 50

44th Parl. 1st Sess.
March 31, 2022 10:00AM
Context: House Hansard - 50 - Mar/31/22
Mr. Gord Johns
  • Mar/31/22 3:54:13 p.m.
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Madam Speaker, BMO made a net profit of $7.7 billion. It paid out $2.74 billion in dividends to shareholders. Loblaws made a net profit of $1.9 billion and paid out $484 million in dividends. Suncor made a net profit of $4.1 billion and paid $3.9 billion to its shareholders. In the meantime, gas prices went up. Food prices went up. Bank fees went up. The corporate welfare needs to end. Motions like today's need to be defeated and instead the government needs to support our call to action, which is to charge 3% on the profits of those big corporations that have earned over $1 billion so that we can actually get people the help they need now and make life more affordable.
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Context: House Hansard - 50 - Mar/31/22
Mr. Brian Masse (Windsor West, NDP)
  • Mar/31/22 5:24:38 p.m.
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Madam Speaker, my colleague mentioned Dollarama. I will ask him a question with regard to the pandemic and the costs that some companies are now passing on. Dollarama made over $600 million in profits during the pandemic this past year, and it is increasing its shareholders' return by 10%, so if someone is not a shareholder of Dollarama, they are going to go there soon and have higher costs. There will be higher prices at a time when Dollarama has record profits and is giving record dividends to the shareholders, who I can guarantee most likely are not shopping at Dollarama.
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