An NDP motion calling on the federal government to take steps to tackle "greedflation," and investigate grocery chain profits, received unanimous support from MPs on Monday.
The motion called out grocery store giants for making "massive profits in the last year," while the cost of groceries keeps rising. It also calls on the government to "recognize that corporate greed is a significant driver of inflation, and to take further action to support families during this cost-of-living crisis."
While not binding—meaning the federal government is not forced to act, but will have to take note of the House of Commons' unanimous request—the motion calls on the Liberals to:
The motion called out grocery store giants for making "massive profits in the last year," while the cost of groceries keeps rising. It also calls on the government to "recognize that corporate greed is a significant driver of inflation, and to take further action to support families during this cost-of-living crisis."
While not binding—meaning the federal government is not forced to act, but will have to take note of the House of Commons' unanimous request—the motion calls on the Liberals to:
• Force CEOs and big corporations to "pay what they owe" by closing tax loopholes;
• Launch an "affordable and fair food strategy" to tackle "corporate greed";
• Ask the competition bureau to investigate grocery chain profits; and
• Support a previously-agreed upon House committee study calling grocery CEOs to testify about "high food prices and the role of 'greedflation.'"
“After standing by for months, the Liberals and Conservatives finally agreed today that corporate greed is a problem,” said NDP Leader Jagmeet Singh in a statement following the vote.