That, given that,

(i) big grocery stores have made massive profits in the past year, not long after several were investigated for bread price-fixing,

(ii) workers’ wages and the prices paid to producers in the agricultural sector are not keeping up with those corporate profits, or with inflation,

(iii) Canadian families are struggling with the rising costs of essential purchases,

the House call on the government to recognize that corporate greed is a significant driver of inflation, and to take further action to support families during this cost-of-living crisis, including:

(a) forcing CEOs and big corporations to pay what they owe, by closing the loopholes that have allowed them to avoid $30 billion in taxes in 2021 alone, resulting in a corporate tax rate that is effectively lower now than when this government was elected;

(b) launching an affordable and fair food strategy which tackles corporate greed in the grocery sector including by asking the Competition Bureau to launch an investigation of grocery chain profits, increasing penalties for price-fixing and strengthening competition laws to prohibit companies from abusing their dominant positions in a market to exploit purchasers or agricultural producers; and

(c) supporting the Standing Committee on Agriculture and Agri-Food in investigating high food prices and the role of “greedflation”, including inviting grocery CEOs before the committee.