Greed based Inflation in the Grocery aisle

The last 5 years have been particularly difficult for most Canadians.

The big three Canadian grocery giants on the other hand - they’ve had their best years ever.

The pandemic and the current inflationary crisis have allowed big corporations to leverage their control over the market like never before.

As Jim Stanford at the Centre for Future Work has demonstrated, while grocery giants saw a brief rise in actual sales volume during the pandemic, they almost immediately returned back to normal levels.

Despite this, the net profit earned by these grocery giants only continued to go up at a rapid, unprecedented rate.  

For years, the NDP has called out grocery store CEOs who earn millions in bonuses, and we’ve been calling for a windfall profits tax to disincentivize price gouging. We have always believed in stronger competition and anti-trust laws; policies which prevent corporations from becoming so large they can run our lives. 

Last Fall, I was successful in getting two motions passed in Parliament to study the impact of “greedflation” on the price we pay at grocery stores to feed our families: one at the Agriculture Committee, and one in the House of Commons.

In response to public and political pressure, Loblaws announced a price freeze on its “No Name” brand of products. The price freeze showed that grocery giants can control how much we pay. Their profits have skyrocketed over the last several years. They’ve been using inflation as an excuse to hike prices higher than they need to. And Canadian families are paying the price. That’s greedflation.

With the price freeze ended, they’re about to do it again. Families are going to have to take more out of their grocery carts or rack up a bigger bill at the till — and the Liberals are letting it happen. Justin Trudeau keeps letting the cost of living get worse for you, so profits can get bigger for CEOs. Pierre Poilievre loves to denounce “gatekeepers and elites” in the government, but he doesn’t care about the gatekeepers in corporate boardrooms who want you to pay through the nose for getting up every day.

Government has the power to hold to account CEOs of big grocery chains, leading to lower prices for you. The Liberals and Conservatives want better profits for CEOs.  I want better quality of life for everyday people, and I will continue fighting in Parliament to help protect you from record breaking corporate greed.

NDP agriculture critic wears his ‘corporate greed police’ badge proudly | iPolitics


Latest posts

Alistair Confronts Minister on Freighter Anchorages

"I did hear the Minister of Transport talk earlier about port congestion, and that is an issue that is very near and dear to my riding of Cowichan—Malahat—Langford.

For years, we have been dealing with the fact that the Port of Vancouver has been using our precious coastal waters as an overflow industrial parking lot. Transport Canada and the Port of Vancouver have treated my constituents, the first nations in my riding, with total indifference on this matter, despite repeated attempts to get it resolved.

I would like to hear from the minister on this particular bill. What is going to happen in the bill that would allow this problem to be dealt with, and if it is not satisfactory, what action can he commit to so that my constituents can have peace of mind?"

Watch Alistair's exchange with the minister:  


Correcting the record of disinformation by Conservatives' fundraising campaigns

On Bill C-21, the Conservatives have been spreading misinformation and delaying legislation in the interest of prolonging their rage-farming fundraising tactics. 

"For the Conservatives, Bill C-21 is the goose that lays the golden eggs. ...That hoovering sound you hear, that is the Conservative party's fundraising machine raking in millions of dollars off of this bill."

Watch Alistair's full speech in the House of Commons: 

Canadian Agriculture Day Statement

Watch: "Today is Canada’s Agriculture Day, and I want to take this opportunity to recognize and thank the amazing and hard-working people who produce such an amazing abundance of food and drink in Canada. This is a day to showcase the innovative ways our agriculture and agri-food sectors are confronting the challenges of food production in the 21st century..." 

Are you ready to take action?

Attend an Event
National Brain Injury Strategy
Take Action
Support MP Alistair MacGregor's Bill C-277: National Strategy on Brain Injuries
Constituent Resources

Sign up for updates