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House Hansard - 142

44th Parl. 1st Sess.
December 6, 2022 10:00AM
Context: House Hansard - 142 - Dec/6/22
Mr. Don Davies (Vancouver Kingsway, NDP)
  • Dec/6/22 3:52:15 p.m.
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  • Re: Bill C-32 
Madam Speaker, the great Canadian economist Jim Stanford just published a report through the Centre for Future Work, and he found the following: ...15 sectors...were...the source of the fastest price increases experienced in Canada since 2021. Products like gasoline, groceries, mortgage interest, home energy products, and building materials have led the acceleration of inflation—and those higher prices flow directly into the record profits recorded in those 15 sectors. Large price increases for just 8 specific products sold by those super-profitable sectors account for over half of the rise in Canadian prices in the latest 12-month period; without those 8 products, overall Canadian inflation would be one-third lower. Does my hon. colleague agree with the NDP that unless we attack the record profits and excess profits made by these corporate sectors, we are not going to get a handle on inflation in this country?
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