I will. By the way, I really appreciate your passion, Ms. Rood. This is not just for today. I've read transcripts and I've seen what you had to say before on behalf of farmers. I love it.
If I may, I'm going to try to do it really quickly, Mr. Chair, but there were a few things I wanted to say here.
First is on the question of oligopoly. The top three grocers in Canada have about a 47% share of the food retail market, not the 67% that's reported in some other places where they've mixed some things up. I just wanted to get that straight.
This is not out of line with countries around the world. We compete against some of the toughest food retailers in the world, including Walmart, Amazon and Costco, as well as a lot of other competition. That does not sound like an oligopoly to me.
How do you account for the fact that Canada's food inflation is below that of many other countries? This is not a problem of too little competition. The problem is that there is a global product cost inflation.
Having said that, I think there's a lot we can do to protect our supplier partners who deal with the farmers. I've been an advocate, as you have, Ms. Rood. On October 28, 2020, I called for a code of conduct. On November 4, you seconded that and said that this would be a great thing.
We're still waiting for a code of conduct that will get rid of unfair fees, and that will help the supplier partners. It will create more efficiencies and should bring down—over some time—the cost of food a little bit. That would really help.
I love local—