44th Parl. 1st Sess.
December 13, 2023 02:00PM
Mr. Speaker, I always appreciate the chance to speak about agriculture in the House. I am a bit disappointed because I was hoping to speak to Bill C-58 today.
My hon. colleague will know, given that he serves on the committee with me, that we are revisiting this issue. We recently had four of the five grocery CEOs appear before our committee. Of course, in particular, Mr. Galen Weston tends to stand out. He is the one the media seems to be interested in.
What I found interesting when Mr. Weston appeared before our committee is that he did not seem to be aware of how many of his employees are accessing a food bank in order to get by. This is a man who commands a benefits package worth about 431 times that of his average employee.
The point I really want to get to is that Mr. Weston's company, Loblaws, is one of the two holdouts on joining a grocery code of conduct. I want my hon. colleague to explain this to members of the House. If we have Walmart and Loblaws step out of the grocery code of conduct, what is that going to do for the remaining players? What does he think the federal government, in partnership with the provinces, should do as a next step? Does he believe that it is time to start enforcing a mandatory code as a result?
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- Dec/13/23 4:50:14 p.m.
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Mr. Speaker, my colleague will be aware that, earlier this week, Dr. Jim Stanford was one of our witnesses. He provided our committee with a brief that derives its information from publicly available data. On page five of that brief he noted that, from the beginning of 2021 to the spring of 2022, “the world price of oil tripled” from $40 a barrel to $120 a barrel and that, in that period, “the jump in the price of oil [which was] driven by a combination of geopolitics and speculation...increased fossil fuel prices by 30 times as much as the $10 carbon price increase in the same period.” We also know from previous briefs that, in the last three years, oil and gas companies have seen their net profits go up by over 1,000%.
Why, when Conservatives are talking about the carbon tax, do they conveniently ignore these facts and ignore their very real role in driving up food price inflation? One cannot argue with the facts. This is clear data that is available for all members, and oil profits have had a huge impact on world food prices, far more than the carbon tax has. Will my colleague acknowledge that?
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- Dec/13/23 5:45:22 p.m.
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Madam Speaker, I do enjoy working with my fellow colleague on the agriculture committee. He will be familiar, from the multiple times that we have heard from grocery executives, that they are often talking about how they work in a low-margin industry. I think they present a slightly misleading argument. First of all, it should be pointed out that, in the last three years, their margins have doubled. If we look at it today, yes, when they are operating with a margin that is between 3% and 3.5%, it may look small. However, what people have to realize is that, when their gross revenues continue to climb, even though that margin may seem static, of course their profits will continue to rise as a result.
I just wonder if my colleague can add a bit more to that because I have noticed a bit of defensiveness from the grocery CEOs and not enough attention is being paid to the fact that we do just have five companies controlling 80% of the market. Perhaps the member has some ideas on how we can try to turn that number around so that there is a bit more flexibility and competition there.
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Madam Speaker, I am happy to be standing up today to speak to this, but I want to express that there is a little part of me that is also disappointed. I am always in favour of discussing the great work that happens at the Standing Committee on Agriculture and Agri-Food, but it needs to be said that, today, we were supposed to be debating Bill C-58, which I think is quite an important landmark piece of legislation. It is something that my party proudly supports. That bill is designed, of course, to make sure that collective bargaining is not going to be undermined by the use of scab or replacement labour. However, the Conservatives decided to move a concurrence debate on yet another committee report.
When we look at the Conservatives' history with labour relations, we can understand why they do not want to speak about Bill C-58. When they were in government under Prime Minister Stephen Harper, they were not afraid to use back-to-work legislation. Indeed, when two Conservative members started speaking on Bill C-58 at second reading, they did not touch on the substance of the bill. I do not think they had anything to contribute. I do not even know if they actually support the bill. A party that is trying to rebrand itself as the party of workers now does not want to debate a bill that is protecting organized labour and the collective bargaining rights of workers. I will let Canadians make their own judgment on what that is all about.
Turning to the report that we are discussing today, the grocery affordability report from the agriculture committee, I am proud to say that this report issued from a motion that I brought at committee. I want to thank all members of that committee for granting a unanimous vote; I think they were feeling the political and public pressure of the moment from Canadians from coast to coast to coast, who had been feeling the pinch over the last two years on the spiralling, out-of-control grocery prices. We know these prices have been going up higher and faster than the general rate of inflation.
As a part of this, we have had the opportunity to question the grocery CEOs. We had them as a part of the original study, which we are doing now. The agriculture committee is now revisiting this issue, and we have had a chance to reinterview the CEOs. When we talked to the grocery executives, whether it was Michael Medline or Mr. Weston of Loblaws—
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- Dec/13/23 5:54:09 p.m.
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Madam Speaker, when we were questioning the witnesses, whether it was Michael Medline, or Galen Weston of Loblaws, it became quite clear that these CEOs occupy a different universe from everyday people. They breathe a rarified air. They command very impressive salaries. In Galen Weston's case, I think his take-home pay is about 431 times that of his workers.
They are quite defensive. They will say their margins are pretty small if we compare them to those in other industries, yet if we look at the data, their margins have doubled over the last three years. Here is the thing: Their gross revenues have been going up, so even if margins remain static, as they have for a little while now, they are still going to result in record profits. We can see it when we compare quarterly earnings from one year to the next.
The reason this is such an emotional issue for Canadians is that the products these CEOs are selling are essential for life. These are not just any products, like those at a hardware store; this is food that people need to bring home to keep their families alive. They also sell pharmaceutical products, which are also essential. Why we are seeing anger in the Canadian public is that, for two to three years now, families in my riding and right across this country have been having to make do with less and having to make hard choices. They are the ones bearing the burden, and all the while, corporate profits are reaching record levels.
There is an imbalance right now in Canada, a country where corporate profits are reaching record levels but everyone else is suffering. I am sorry to say this, but I do not see enough action coming out of the present Liberal government, and we know where Conservatives stand with their corporate friends. When presented with evidence showing oil and gas profits and their gargantuan effect on food prices, the Conservatives will just keep saying, "carbon tax, carbon tax, carbon tax", when that is minuscule compared to what corporate profits are doing in this sector. If they do not want to argue with facts, that is fine; they want to live in a different reality.
I want to say that I am proud to be a member of a party that drove this issue to committee. I am proud it is being discussed in the House. I will conclude by saying that I will not stop fighting for the ordinary people in my riding and making sure that we expose corporate profits and their role in driving inflation in Canada.
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