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Decentralized Democracy

House Hansard - 315

44th Parl. 1st Sess.
May 22, 2024 02:00PM
  • May/22/24 2:33:12 p.m.
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Mr. Speaker, again, I know the Conservatives do not like when I take on corporate greed, but Loblaws is not content just ripping off Canadians when it comes to their groceries. Now Loblaws is teaming up with Rogers and Bell to rip off Canadians with their cellphone prices. We know they are going to limit choices, and limiting choices means higher prices for Canadians. The Prime Minister promised to lower cellphone fees. They are sky-high. He promised to lower grocery prices. They are sky-high. When will the Prime Minister finally stop greedy CEOs from ripping off Canadians?
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  • May/22/24 2:35:17 p.m.
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Mr. Speaker, you act like you do not have the power to stop these greedy CEOs, but you do. I know the Conservatives do not like it, but we need to take on corporate greed. Apparently, ripping people off at the grocery store is not enough. Today we learned that Loblaws is teaming up with Rogers and Bell to block other companies from in its stores. That means less choice and higher cellphone bills. The Liberals are just standing on the sidelines. Will the Prime Minister finally stand up to the CEOs and support an investigation into these allegations?
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  • May/22/24 10:01:34 p.m.
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  • Re: Bill C-59 
Uqaqtittiji, my colleague's intervention was excellent. I will ask the member about the Competition Act and Bill C-59, particularly because it is the NDP that is the only party that is fighting corporate greed. I would like to give a specific example. I am a member of the indigenous and northern affairs committee, and it was my motion that got the North West Company, a grocery company that is subsidized by the Liberal government, to offer subsidies to alleviate poverty. However, instead of using the subsidy to alleviate poverty, the North West Company is helping to feed corporate greed. For example, the CEO, Dan McConnell, would not answer my questions regarding his salary, his benefits or the bonuses that he gets. Instead, he said that he would give me the responses in written form, which he has now provided. That CEO, in 2023, earned $765,000 and in the same year received a bonus of just over $1 million. How would the Competition Act and Bill C-59 help to address that kind of corporate greed?
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