Madam Speaker, the current situation is that Canada has let oligopolies take over. That is true in the food industry, and it is also true in the banking sector. Taking action to fix that may require more courage, but it will have an impact on people's wallets. This situation also exists in the gas industry. It would take more courage for the House to address these issues. It is also true in telecommunications.
As with the reform of the Competition Act, I applaud the progress that has been made by the Minister of Innovation, Science and Industry. I was there for his presentation this morning at Canada's competition summit. There is now a willingness to act that I believe was needed. For several years, I have also been urging the Standing Committee on Industry Technology to take action on competition reform, which is an important solution.
However, at this time, no action is being taken about the oligopolies. I look forward to seeing what splashy measures the government proposes when Parliament returns.
Will they have any impact? How can the government take a coercive approach with the large chains without raising prices and passing the cost on to consumers? I am very worried, so I look forward to getting some answers.