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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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Context: House Hansard - 142 - Dec/6/22
Ms. Lindsay Mathyssen
  • Dec/6/22 4:05:25 p.m.
  • Watch
  • Re: Bill C-32 
Madam Speaker, I would imagine $1 million a day is pretty excessive. Grocers can talk about it being about the supply chain and so on, yet the amount of money they are making, is $1 million in profits a day. We could talk about the bread price-fixing scam and that they never really paid that money back. We could talk about the money that they were given by the government to improve their refrigerators, money that they were going to invest in their own companies anyway, but the government rushed to the rescue and gave them more taxpayers' dollars. It is the same pockets, but it is just in different ways that taxpayers have to pay. It is not the government's job to defend companies. Its job is to equalize payments, taxes and programs to ensure equality.
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