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House Hansard - 142

44th Parl. 1st Sess.
December 6, 2022 10:00AM
Context: House Hansard - 142 - Dec/6/22
Mr. Kody Blois (Kings—Hants, Lib.)
  • Dec/6/22 4:04:34 p.m.
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  • Re: Bill C-32 
Madam Speaker, my hon. colleague touched on the profits of grocers. As the chair of the agriculture committee, I had the privilege of listening to some of the testimony yesterday from corporate leaders in the grocer sector in Canada. They maintain that even during the pandemic, their margin was around 2% to 4% on food-related profits. The member talked about excessive profits, and I can appreciate that this government has made important investments and made sure banks and insurance companies have been paying additional corporate taxes. However, what is her definition of “excessive” as it relates to grocers? Is 2% to 4% excessive in her mind? That is an honest question so we can see where that basis might be.
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