An NDP motion calling on the federal government to take steps to tackle “greedy inflation” and hit the bottom of growing grocery costs, received unanimous support from MPs in Monday.
The move calls for the grocery giants to have made “huge profits in the last year”, while the cost of groceries continues to rise. It also calls on the government to “recognize that corporate greed is an important driver of inflation and take further action to support families during this cost of living crisis.”
While non-binding – meaning the federal government is not obligated to act, but would have to acknowledge the House’s unanimous request – the petition calls on the Liberals to:
- Force CEOs and large corporations to “pay what they owe” by closing tax loopholes;
- Come up with a “reasonable and reasonable food strategy” to tackle “corporate greed”;
- Request the competition bureau to investigate the profitability of the grocery chain; and
- Support a House committee study calling for grocery CEOs to testify about “high food prices and the role of ‘greedy inflation'”.
The vote comes after Loblaw announced it would freeze the price of 1,500 No Name brand products through January 31, 2023, citing the increased cost of groceries for Canadians that Loblaw and owner It’s largely driven by the grocery giant, says Galen G. Weston.
On Monday, New Democrats, including NDP Leader Jagmeet Singh, took note of Loblaw’s move, showing that the timing of the announcement was no coincidence given the parliamentary vote. today.
“Due to public pressure and our pressure to force grocers to start meeting people’s needs, we’ve seen a positive sign, Loblaws has now announced that it will try pricing their big name product line Now, While it’s a positive move, we are concerned that they are freezing prices higher, prices are rising and they could have acted a lot sooner. much,” Singh told reporters Monday.
More to come…
