Madam Speaker, I have a question about the grocery portion of Bill C-56.
I am reading the Competition Bureau's report from June of this year entitled, “Canada Needs More Grocery Competition”. In that report, the Competition Bureau makes the point that the big three retailers earn a profit combined of $3.6 billion. It sounds like a lot of money, but that is on $100 billion of sales. So, that is a 3.6% profit margin, which certainly does not sound like greedflation, as our NDP colleagues like to call it.
My question to the member for Vaughan—Woodbridge is whether he thinks 3.6% is too much profit.