Federal NDP leader Jagmeet Singh is advocating for measures to lower the price of groceries, including an excess profits tax and cuts to corporate handouts. Singh criticizes the Conservatives and Liberals for providing billions of dollars in handouts to large corporations while consumers face high grocery costs.
THUNDER BAY – Federal NDP leader Jagmeet Singh is continuing his push to lower the price of groceries.
“These grocery stores have received massive corporate handouts from the Conservatives to the tune of $60 billion across the sector. For a company like Loblaws over this period of time, it's $1.2 billion in handouts and the Conservatives put it in place, but the Liberals maintained it,” Singh said. Singh recently introduced Bill C-352, which he said will help to ensure fairness to consumers and protection from things like price-fixing, such as the case of coordinated fixing of the price of bread in 2018 which resulted in Canada Bread Company agreeing to a $50 million fine.“My bill proposes that we would allow for sentencing - an organization, a sentencing body.
The bill also proposes that if any merger were to result in a 30 per cent or more market share, it would not be allowed unless it could be proven that a merger would benefit the consumer.
NDP Jagmeet Singh Grocery Prices Corporate Greed Excess Profits Tax Corporate Handouts Conservatives Liberals
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