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House Hansard - 219

44th Parl. 1st Sess.
September 18, 2023 11:00AM
Context: House Hansard - 219 - Sep/18/23
Hon. François-Philippe Champagne (Minister of Innovation, Science and Industry, Lib.)
  • Sep/18/23 2:55:51 p.m.
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Mr. Speaker, I have a great deal of respect for my colleague, but maybe he missed part of the morning. That is exactly what we are doing. Last week, we announced that we are carrying out the country's most comprehensive competition law reform to give the head of the Competition Bureau the power to compel the production of information and file court applications. Second, we want to remove the notorious efficiencies defence for mergers that are not in the interest of Canadians. Lastly, we want to tackle collaborations that stifle competition. What we are offering Canadians is a plan for more competition, less consolidation and lower prices.
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Context: House Hansard - 219 - Sep/18/23
Mr. Jagmeet Singh (Burnaby South, NDP)
moved for leave to introduce Bill C-352, An Act to amend the Competition Act and the Competition Tribunal Act. He said: Madam Speaker, Canadians are hurting with record-high grocery bills. For 20 months in a row, food prices rose faster than inflation and the Liberals did nothing about it. They protected the profits of rich CEOs and let everyone end up paying the price. The Leader of the Opposition let food prices rise by 25% when he was in power and let big grocery stores pay less taxes. CEOs got big breaks while everyone paid more. It does not have to be this way. Today, I introduce the lowering prices for Canadians act. This bill will increase fines and make it easier for the Competition Bureau to crack down on price-gouging, price-fixing and other abuses of Canadian consumers. It will stop the mergers that hurt Canadians. It is time that we end the free ride of CEOs and big corporations. Today I am introducing the lowering prices for Canadians act. It will increase the fines issued to companies that abuse consumers, and it will make it possible to stop corporate mergers that hurt Canadians.
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