Arab Canada News
News
Published: October 18, 2022
The proposal from the New Democratic Party, which calls on the federal government to take steps to address the "greed inflation," and to tackle the rising cost of groceries, received unanimous support from Members of Parliament on Monday. The proposal claimed that grocery store giants made "huge profits last year," while the cost of groceries continues to rise. It also calls on the government to "recognize that corporate greed is the main driver of inflation, and urges more action to support families during this cost-of-living crisis." While it is not binding, meaning the federal government is not obliged to act, it will have to acknowledge the unanimous Commons request, which calls on the Liberals to: force CEOs and big companies to "pay their share" by closing tax loopholes, launch an "affordable and fair food strategy" to tackle "corporate greed," and support a House committee study which in turn calls on grocery CEOs to testify about "rising food prices and the role of greedflation." Also, the vote came following Loblaw’s pledge to freeze prices on 1,500 No Name brand products until January 31, 2023, citing the rising cost of Canadian groceries. Likewise, on Monday, the New Democrats, including New Democratic Party leader Jagmeet Singh, were credited for Loblaw’s move, suggesting the timing of the announcement was no coincidence given today’s parliamentary vote.
Comments