- Member of Parliament
- Member of Parliament
- Liberal
- Nepean
- Ontario
- Voting Attendance: 67%
- Expenses Last Quarter: $104,578.46
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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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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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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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Mr. Speaker, fundamentally, the idea of breaking up private sector companies just because they have gotten large may not be great for the limited market that Canada enjoys. However, more competition in every sector is required and should be encouraged. That is my position.
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- May/29/23 2:00:07 p.m.
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Mr. Speaker, Indo-Pacific region is growing in terms of population and economy. It is also a strategically important region in the current turbulent global situation. The region offers much-needed markets for Canadian exports and a secure place for Canadian investments. Canada has a well-formulated Indo-Pacific strategy. Among other things, this highlights the importance of our relationship with India.
India is a growing market for our exports, with pulses today and potential products like small nuclear modular reactors in the future. India is also a secure place for our increasing need to diversify our investments. Our pension funds and the private sector have already invested $84 billion there.
India is also the leading source of our much-needed skilled immigrants and a major provider of international students.
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- Apr/8/22 11:07:02 a.m.
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Mr. Speaker, it is with great sadness that I speak about a major fire last week in Somaliland, which destroyed the Waheen market in Hargeisa.
With several thousand businesses destroyed, Hargeisa Chamber of Commerce chairman Jamal Aideed said this market accounted for 40% to 50% of the city's economy. Thousands of people have lost their livelihoods, and this is more painful as it happened in this holy month of Ramadan. This disaster is on top of drought, famine and food insecurity already in Somaliland.
I call on Canada to take steps immediately to help Somaliland and provide much-needed funding support. I would like to recognize the Somaliland Canadian Congress and the Canadian Alliance to Rebuild Hargeisa Market for their hard work in advocating and mobilizing the required support.
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