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Decentralized Democracy

House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
Context: House Hansard - 233 - Oct/17/23
Mr. Daniel Blaikie (Elmwood—Transcona, NDP)
  • Oct/17/23 11:26:51 a.m.
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Mr. Speaker, at the end of his speech, my hon. colleague mentioned that inflation is caused by a number of factors. We in the NDP remain focused on the greed of large corporations, including oil companies, which are making record profits. That, too, is driving up prices for Canadians. I wonder if my colleague would like to talk a bit more about the price increases that are generating huge profits, and the effect this is having on Canadians' budgets.
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Context: House Hansard - 233 - Oct/17/23
Mr. Alain Therrien
  • Oct/17/23 11:27:34 a.m.
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Mr. Speaker, market structures can certainly influence inflation. In a situation where there is a monopoly or oligopolies that form, in many cases, cartels, this puts upward pressure on prices. Obviously, this will have a fairly significant impact on the cost of living. That is why applicants need to find another refuge, such as renewable energy. With oil, we are victims of price hikes that are potentially organized, in some cases, by the oil companies. I say potentially, because I do not want to be sued. That is why, for us, the solution is to move towards renewable energy so that consumers can avoid rising prices. In addition to fighting climate change intelligently, they will see a drop in the cost of living.
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