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Decentralized Democracy

Member of Parliament

Chandra Arya

  • Member of Parliament
  • Member of Parliament
  • Liberal
  • Nepean
  • Ontario
  • Voting Attendance: 67%
  • Expenses Last Quarter: $104,578.46

  • Government Page
Context: House Hansard - 265 - Dec/11/23
Mr. Chandra Arya
  • Dec/11/23 5:43:21 p.m.
  • Watch
  • Re: Bill C-56 
Mr. Speaker, I see no reason for this to have been brought up for discussion. I came to the House prepared to debate Bill C-56. I have my own views on the competition clause in that particular bill. I had certain suggestions to make for the bill, such as how to improve competition while not allowing 100% foreign ownership in the Canadian banking sector, as well as how we can use the regulatory tools that are available to give credit guidance to the bank to increase competition within the banking sector. This would lead to economic advancement and economic prosperity, for the growth of the manufacturing sector in Canada.
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya (Nepean, Lib.)
  • Nov/20/23 1:14:03 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, I am glad the hon. member agrees that competition is good for Canadian consumers. A previous speaker in the House mentioned the sort of monopolistic tendencies that some big corporate players are displaying in several sectors in the economy are hurting consumers. The hon. member mentioned the penalties that are proposed in the legislation. I would ask the member to clarify whether she is happy with the penalties that are being proposed or if she would propose any changes to them.
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya
  • Nov/20/23 1:03:52 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, I would like to ask the hon. member whether he agrees that, as legislators, at every given opportunity we need to consider a legislation's immediate impact, its medium-term impact and long-term impacts. Is that not part of this particular legislation?
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya (Nepean, Lib.)
  • Nov/20/23 1:00:20 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, I would like to ask the hon. member his views on the competition levels that are in existence in several sectors of the Canadian economy, from the banking sector to the telecom sector and to consumer staples and so many other sectors. Competition actually brings down prices and helps consumers. When just a few corporate players dominate any market, through their profiteering objectives, it creates an undue burden on consumers, so I would like to ask the hon. member about his views on competition.
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya (Nepean, Lib.)
  • Nov/20/23 12:43:24 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, I am glad that the member agrees that competition is a good thing. In several sectors, from banking to telecom to consumer staples, we have a few companies dominating the market, curbing competition and thus driving up the prices. The member mentioned efficiency, which is a factor that has been used in the past to join companies together and bring down competition. Could he elaborate on that, please?
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya (Nepean, Lib.)
  • Nov/20/23 12:32:56 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, globalization collapsing and constraints in the supply chains have raised the prices of many goods in Canada. Also in Canada, several sectors are being controlled by a few corporate players, curbing competition. Competition is required so Canadians can get goods at very affordable prices. I would ask the hon. member for his opinion on how we would strengthen the Competition Bureau through the bill before us.
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Context: House Hansard - 251 - Nov/20/23
Mr. Chandra Arya (Nepean, Lib.)
  • Nov/20/23 12:16:19 p.m.
  • Watch
  • Re: Bill C-56 
Madam Speaker, we believe in free market and free trade, but the concept of free market and competition goes hand in hand. Monopolies and oligopolies create a burden for consumers through their dominance. What is the hon. member's view on how the Competition Bureau would be strengthened so that it could go after the monopolies and take out the big corporate players that try to squeeze out the small players? How would competition actually help Canadians?
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