Madam Speaker, I am incredibly proud today to be leading the debate on the NDP opposition day motion. We propose measures to crack down on corporate greed and to lower prices for struggling Canadian families. Canadians need help. Canadians need relief from high food prices. Canadians need to see that the people they elect to the House of Commons are committed to taking action against the corporations that have enjoyed record profits at their expense.
There have been 40 years of successive Conservative and Liberal governments that have pushed economic policy to widen the gap between rich and poor to a chasm. Along the way, we have seen support from both parties for tax cuts for wealthy corporations, for deregulation and for weak competition laws. It is no accident that we have arrived at this moment today because the Conservatives and the Liberals both paved that road to make it easy to get to.
We need a political party that is prepared to swing the pendulum back in favour of the working class and back in favour of those who are tired of seeing their hard-earned money gouged by corporations that are rolling in record profits and paying their CEOs ridiculous wages and bonuses. That brings me to today's motion, which I was very proud to sponsor and which was seconded by my colleague, the member for New Westminster—Burnaby. I will read it out for the benefit of Canadians who are watching. It states:
That, given that the cost of food continues to increase while grocery giants such as Loblaws, Metro and Sobeys make record profits, the House call on the government to:
(a) force big grocery chains and suppliers to lower the prices of essential foods or else face a price cap or other measures;
(b) stop delaying long-needed reforms to the Nutrition North program; and
(c) stop Liberal and Conservative corporate handouts to big grocers.
It is time for action. As I said, Canadians need relief. They are struggling, and we need only to look at the statistics to see that laid out in stark relief. Over the last three years, the cost of food has increased by over 20%. The use of food banks is at a 35-year high, and it is reported that one in five Canadians is skipping meals just to get by with their monthly budgets. In 2024, this year, the average family of four is expected to spend an additional $700 on food, again continuing the trend that we have seen over the last couple of years.
All this while the grocery sector continues to rake it in. Last year alone, it raked in $6 billion in profit. Loblaws has almost doubled its profit margin in the past five years, and Metro has the biggest profit margin of any grocery company. Canadians know the problem is corporate greed. They know it in their hearts. One party in the House is standing here not only to illuminate that greed, but also to take action on it.
We can see it on the streets. People are taking measures into their own hands by boycotting Loblaws and other grocery stores because, again, we have a 40-year track record of both the Liberals and the Conservatives failing to protect Canadian consumers from price gouging or holding these massive corporations accountable. Many corporate sectors have used the disruptions over the last four years, and the consumer desperation associated with it, to increase their prices well beyond what many would consider reasonable and well beyond what is required to cover their own input costs.
Despite months of promises, the Liberal government has not taken bold action to bring down the food prices that are hurting Canadian families. Much more is expected. We have a grocery task force that has not completed any tasks and that is not much of a force. The Liberals have committed to stabilizing food prices. That means very little to a Canadian family struggling with both the quality of the food and the quantity of the food they are putting on the table. They are not looking for stabilization; they are looking for prices to come down, and it has not happened. As I said, families are expected to pay more this year. Asking corporations nicely has not worked.
We know, from an Order Paper question I submitted, that the Liberals gave $25.5 million to Loblaws and to Costco between 2019 and 2023, while they were making massive profits. The last thing this sector needs is more corporate welfare from the Liberals, and from the Conservatives who set the table before them.
We solve this by asking the government to force the big grocery chains and the suppliers to lower the prices of essential foods or to put in measures to make them do it. We have been leading on this issue from the beginning. We had a unanimous vote in the House of Commons, which I sponsored. We had two unanimous votes at the House of Commons agriculture committee to study this issue to bring political and public pressure to bear. I was the one who moved a motion to summon the grocery CEOs before committee to make them answer, on the public record, for their abysmal track record on the way they have treated their consumers. We are the ones who have been consistently, over the last two years, calling out the corporate greed that is driving this cost of living crisis.
Before we get into too much criticism, I want to point out that there are well-trodden examples around the world. I want to single out France, Greece and South Korea, which have each taken steps within their respective jurisdictions to lower prices on essential food items. Price control measures are not a new thing. We see that our provincial governments have done it with rent increases. They have utility boards that monitor and regulate the cost increases associated with energy. It is not a new concept, and it is something that has to be used in a time of crisis.
France secured a deal with major companies to lower the price of groceries for 5,000 products, and the French government can hold those companies accountable to the public if they do not comply.
In Greece, the government announced gross profit caps for key consumer goods and services in the food and the health sectors. It has a policy that stipulates the gross profit per unit cannot exceed that of the profits made before December 31, 2021.
In South Korea, the president established a department-level task force to monitor and to implement food price control measures in key industries, especially when looking at food items such as milk, coffee, noodles and bread.
On the part of our motion dealing with nutrition north, I really want to recognize my friend and colleague, the member for Nunavut. She has been doing an outstanding job on behalf of her constituents and has been calling out the companies that operate up there for taking that subsidy and using it to pad their bottom line, rather than serving the people in the north who need to have access to affordable food. That is why we have this as a key part of our motion.
In conclusion, I want to say that it is not just the grocery sector, even though today's motion has that as its focus. If we look at many of the top corporate sectors, especially their earnings compared to 2019, we will see massive increases, both in their net profits and in their margins. In 2023, the grocery sector made $6 billion in profits. Some of those companies have employees who cannot even afford to shop where they work. Imagine that; a grocery company employee who has to use a food bank because their own employer is not paying them enough to get by on a full-time wage. That is shameful. There are 95% of Canadians who think that food prices are too high and 97% who do not think that food prices will go down in six months.
We know that grocery prices are increasing at their fastest rate in more than 40 years. We know that corporations are using costs as an excuse to increase their prices even higher, which has resulted in record profits. We need limited price controls to break this cycle. When there is a power imbalance in society, the elected government of the people is the great equalizer. Government is where we enforce fairness. It is time for the Liberal government to step up to the plate and to act in a manner that Canadians expect.
