Madam Speaker, let me take this opportunity to triple, triple, triple congratulate my NDP colleague for his work. It is incredible. This is exactly what a member of Parliament should do.
My extraordinary NDP colleague has three wins here. First, there is this opposition motion that will actually affect people's lives and make a difference with practical solutions by looking at the situation concerning the cost of groceries for families and workers who are struggling. Also, the Standing Committee on Agriculture and Agri-Food will conduct an investigation on what is happening with the large grocery chains. Finally, I congratulate my colleague on his outstanding speech, which I will try to address in a worthy manner. That is exactly what member does to defend the people he represents, namely his constituents, who are struggling right now. I think we should all be inspired by the work my colleague has done.
We are facing a real problem right now. The cost of living is going up everywhere. Whether we are talking about the rising prices of gas, housing or groceries, some people are taking advantage to line their pockets. This is particularly unfair in a situation where there are so many people struggling to pay their bills and make ends meet. I find it particularly egregious that multinationals, big corporations and CEOs are taking advantage of human suffering to get rich. They are taking advantage of the fact that people are struggling to get even richer than they already are.
For those who are progressive, men and women from the left like us, this is absolutely unacceptable. We want a society based on justice and social justice where everyone can live in dignity and where some are not literally being eaten up by others.
Here are a few important figures for today’s debate. According to Statistics Canada, the inflation rate for groceries reached 11% in August, while the general inflation rate was 7%. If the general inflation rate for the cost of energy, transportation and raw materials is at 7%, but at the grocery store the costs are rising by 11%, there seems to be a discrepancy. Someone is profiting, somewhere. We are talking 11% on average. The inflation rate for some foods like fruits is 13%; for meat, it is 25%; and for pasta, it is 32%. Who is profiting?
Empire Company, which owns Sobeys, Safeway and IGA, saw net profits soar by 27% between 2020 and 2022. In one year, Loblaws saw its profits rise by 17% between 2021 and 2022. That is significant. Loblaws is owned by the Weston family, one of the richest families in Canada. I will remind members of the gift the Liberal government gave the Weston family: Under some sort of program, the Liberals purchased new fridges they then donated to the Weston family for Loblaws.
It is not just the NDP saying that there are people who are lining their pockets and profiting from the inflationary situation right now. Bruno Larue, a professor in the Agri-Food Economics and Consumer Sciences Department at Université Laval, said the following: “Of course, when inflation is very high, as it is right now, there are businesses who take advantage of it to raise their prices even more”. The operating margins of these big grocery chains are increasing in a completely abusive way. Professor Larue went on to say, “Clearly, there are those who profit all along the way.”
It is quite clear, thank you. This is undisputable evidence that there are indeed people who are taking advantage of the situation. In particular, the CEO of Sobeys comes to mind. In one year, in 2022, he personally pocketed $8.6 million. That is shameful. He is not alone: Metro’s CEO pocketed $5 million and Loblaws’ CEO $5.4 million.
Meanwhile, there are people who call us and knock on the door of our constituency offices to say they cannot pay their rent and buy groceries. They are asking who they can go see. Right now we are seeing a dramatic increase in the number of people who are working but need food aid because they are unable to pay for their groceries.
The billionaires and the ultrarich are profiting while people struggle. I find that disgusting and appalling. I am proud that we are able to debate the NDP’s motion today to see what we can do, as a government and as a country, to put forward concrete solutions so we can help people and resolve this problem.
We need to stop this greed inflation. We scratched our heads a bit to try to translate the term “greed inflation” to French. The word “greed” means cupidity, avarice and the desire to keep everything for oneself to the detriment of others. We therefore found a reference that we think some of our colleagues will like. In French, we should call this “séraphinflation”.
It is reminiscent of Séraphin, the loathsome man from Belles histoires des pays d'en haut who used to say, “Damn, Donalda, this costs a fortune”. Well, there are Séraphins at the helm of these big corporations and grocery stores, and they are stuffing their pockets. Let us call this phenomenon by its real name and a Quebec cultural reference: “séraphinflation”.
What can we, as parliamentarians and elected representatives, do to combat this avarice, this greed?
My NDP colleague put forward some solutions. We could specifically increase taxes on these excess profits, amend the Competition Act and give the Competition Bureau more powers. It is important to go get the money where the money is right now, and right now we can find it in the big corporations, where CEOs are getting rich at the expense of the people.
However, grocery stores are not alone in this. My colleague pointed this out earlier. It is incredible that only yesterday, the boss of Shell, the big oil company, was calling on the government to increase taxes on oil companies. Even the Shell boss realizes that it does not make sense. These companies are making ludicrous profits while people are struggling to make ends meet and make it to the end of the month.
The Shell boss was echoing a call from UN Secretary-General António Guterres to raise taxes on the windfall profits of big oil and gas companies, a suggestion the Liberal government's Minister of the Environment was quick to shut down.
António Guterres said that perhaps the oil companies should pay their fair share and even more, but the Minister of the Environment was telling us that there is no problem, that his government will leave things as is, and that this is something we should not do. One week later, he was contradicted by Shell's CEO, who claims to support this solution and thinks it is a good idea.
Unfortunately, we have a Liberal government that, for years, has not dared to tackle tax havens, tax evasion, and the fact that there are so many tax loopholes that the money is slipping through our fingers and is no longer there to fund important programs for people. It is estimated that over the past few years, we have collectively lost $30 billion as a result of Liberal inaction. They do not want to tackle this system that, in the words of Alain Deneault, is a “legalized scam”, when we could have the means to keep this money here, at home, in our coffers, to improve the collective good and fund programs that help people.
We need more education transfers, more money in our universities. We have students in debt and blatant housing problems. We need social housing, affordable housing, housing co-operatives. The needs are great in our society.
Unfortunately, we have a government that is sitting on its hands. It says it wishes it could do something; it taxes a boat here, a private plane there. It is all a smokescreen, however, and nothing really changes. All this is done at the expense of ordinary Canadians, the people we represent, when we should be working together to make it easier for them to access medication and dental care, and for the elderly to have enough income to age with dignity.
This is the debate we must have today and every day in Parliament: How do we create a fair society where everyone has a place and where everyone can live with dignity?
