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Decentralized Democracy

House Hansard - 109

44th Parl. 1st Sess.
October 6, 2022 10:00AM
Context: House Hansard - 109 - Oct/6/22
Mr. Francesco Sorbara
  • Oct/6/22 1:52:03 p.m.
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Madam Speaker, during COVID-19, when all restaurants were closed, Canadians shifted their spending habits. I think the real factor we look at for how corporations are doing, as I did in the days I worked on this, for 20-plus years, is what we call their EBITDA margins, operating profit margins or cash flow metrics. We do this to see if a large bump in revenues from Canadians shifting their spending habits is translating into higher profits and if their margin is staying the same. As I said in my remarks, the changes to the Competition Act with the Competition Bureau are very important. Crony capitalism has no place in my world. It has no place in our society. It is detrimental to consumers. We always need to tackle that and have better enforcement measures for the Competition Bureau.
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