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House Hansard - 186

44th Parl. 1st Sess.
April 27, 2023 10:00AM
Context: House Hansard - 186 - Apr/27/23
Mr. Doug Shipley (Barrie—Springwater—Oro-Medonte, CPC)
  • Apr/27/23 7:51:13 p.m.
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Mr. Speaker, the speech tonight included the word “profits” many times. I heard the words “massive profits”, and profits were getting bashed around quite bit there. For someone who has been in business for over 25 years and has been involved in businesses that had zero profits, I know that profits are usually a good thing. I would like to ask my colleague how we differentiate and when we differentiate between good profits and, as he keeps saying, massive and bad profits. Where do we draw the line? How do we decide on that?
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Context: House Hansard - 186 - Apr/27/23
Mr. Peter Fragiskatos
  • Apr/27/23 8:23:29 p.m.
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Mr. Speaker, I appreciate the question from someone who understands his community very well. He served as a city councillor and knows what it means when an investment comes to a community and the spinoff effects that it can have. He mentioned the Dofasco case. I expect nothing but good things to come from this investment for local businesses in London that already have relied on automotive, as we see transitions from the current situation in terms of the combustion engine toward electric vehicles. Certainly, there will be new businesses that sprout up and existing ones that are able to tap in and be part of that supply chain, not to mention, of course, the workers, who will be able to work at Volkswagen. So many and London will benefit directly. I am so excited for what is ahead.
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