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Decentralized Democracy

House Hansard - 312

44th Parl. 1st Sess.
May 9, 2024 10:00AM
Context: House Hansard - 312 - May/9/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/9/24 2:32:50 p.m.
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Mr. Speaker, our government absolutely understands that now is the time to invest in Canada and Canadians, to invest in housing, to invest in affordability and to invest in economic growth. We know we have to do it in a fiscally responsible way, which is why we are asking those at the very top to pay a little bit more through an increase in the capital gains inclusion rate. When it comes to the grocery sector, we know that Canada needs more competition. That is why we have brought in a once-in-a-generation change to Canada's competition law.
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Context: House Hansard - 312 - May/9/24
Mr. Peter Fragiskatos
  • May/9/24 11:21:49 p.m.
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Mr. Speaker, we do need more competition. In fact, I was very encouraged to hear the Minister of Industry confirm that he is looking at making sure that we have more competition in the grocery sector. It is something I have advocated for, for a very long time locally in London. This is something that we need to see across the country. Whether it is the measures my colleague talked about specifically in terms of the Competition Act, or looking beyond our borders to bring in more competition, this would be a great thing.
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Context: House Hansard - 312 - May/9/24
Mr. Mark Gerretsen (Kingston and the Islands, Lib.)
  • May/9/24 11:49:01 p.m.
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Mr. Speaker, I have a brief question. I find the last intervention about grocery prices to be very fascinating because the reality is that in Canada, 42% of the retail grocery sector is controlled by Loblaw, whereas the largest sector in the United States is Walmart, with 11%. However, the Conservatives will never be heard talking about the massive profits that are being made by oil giants or by the grocery retailers. I am wondering what the member's comments on that would be.
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