Im sure it couldn't have anything to do with an exponentially increasing carbon tax, out of control spending, and immigration due to ndp / liberal policies.
The price of food is directly related to the carbon tax. The gets hit the hardest with the carbon tax spending tens of thousands of dollars. Then it gets trucked to the the local regulator. Then to production facility each with compounding carbon tax.
It is a bigger peice than Vassy implied. But even bigger is how Canadians will save on their energy bills. $17 dollars on every $100 dollars spent heating their homes. $17 dollars on every $100 spent on gas to get to work. That’s money Canadians can then use on food, housing and other things.
Why is the "Heritage Minister" talking about grocery prices???? And what does Taleeb know about Canadian Heritage??? This Government is just an absolute joke...
The reason grocery prices are so high is because chains like Loblaws inflated their prices during the pandemic, kept inflating them ever after that and the federal government isn’t doing anything to rein them in. Trudeau is weak on this, incredibly weak (and probably insanely corrupt, I’m wondering how much the three big grocery chains have donated to his reelection campaign) but not for the reason you mentioned. But I agree that the carbon tax should be abolished for individuals and jacked up for the big emitters.
Demand for food may have increased, but groceries are still throwing lot of food in the bin. It is not like we have a lack of supply. Shelves in groceries are still full. Not saying influx of immigrants didn't had an impact but I don't think it is the main cause and the biggest impact on food prices.
Sheer may have answered the medium to longer-term issues to help Canadians with affordability. He was not able to say how much Canadians will save on food after they are the tax or what he's gonna do to prevent grocery stores or someone along the chain from increasing their prices.
Taxes keep going up could be a reason prices are higher. Government is spending more to service the debt than healthcare and the latest budget is keep on spending. Money printer goes Bruuuu and it all disappears
Can you kindly have the NDP clearly define what is the difference between PROFIT and EXCESS PROFIT? Like how can anyone quantify how much money a company makes is "excessive"??? Who are you to determine that?
If I can buy watermelon for 299 at a small town No Frills, and it's 10.99 at the loblaws in the city on the same day ,it's not inflation. They don't need another tax ,they need price regulation especially on grown in Ontario.
Careful with giving the govt the power to control prices and companies outright. That is one slippery slope. Instead let's get rid of private monopolies 👍
kids school food program what a load of crap. just let parents take home more money so that we can all afford food for our kids, not big governments taking control of our kids by giving them food
Vassy is one of the best journalists I have ever witnessed. She comes through with facts and brings real questions to politicians who duck around. Why don't they EVER answer the question straight??!! But I love Vassy's followup questions and facts.
Why aren’t we talking about increasing food supply? Dairy, meat and grain cartels limit the domestic supply of essentials. These Boards need to allow farmers to produce more to improve the supply/demand situation. Taxes won’t fix this.
@@jumbome7420not from what I've seen in grocery stores. There IS a shortage, however it might be the same kind of shortage that occurs in the diamond industry that inflates prices artificially.
This government talks and talks and talks and talks and does absolutely nothing except spend billions of dollars on things Canadians do not benefit from.
Why not have some anti monopoly measures? Take away all the tax benefits the big companies has and ban them from take over or merge with competitors til the price get to a more affordable level
I love how Taleeb can say that "to have competition is a big big win for Canadians".......yeah, maybe set your sight on Bell, Rogers and Telus and how they use the CRTC to gouge the life out of Canada and have been doing it forever. I guess we only want to pick and choose what industries allow competition. Its all corrupt.
Giving a grocery benefit is another braindead idea. All we have is a way for governments to subsidize big corp's. We need to expand the small business model and allow Canadians to be succesful.
When grocers are reporting record profits each quarter earnings report, what we are seeing is not inflation but rather "greedflation". We need to hold grocers accountable for high prices
Money printing sounds like a more realistic cause to this (and other) problems than grocery companies supposedly being so greedy they've increased food prices 20%. Canada needs to go on an elimination diet, instead of piling on more and more legislation/bureaucracy.
GroceryFlation = GreedFlation ? NDP called that term months ago. Why does NDP not add this urgent demand to penalize grocery companies doing the GroceryFlation ( GreedFlation ) as a Non-Confident Vote this month so this reality of financial pain is resolved completely ?
The NDP harp on about lablaws “record” profit. They also paid record payroll, they paid record maintenance costs, had record theft. For every 100$ spent lablaws makes 4$ that’s perfectly reasonable.
What does inflation getting lower means when a chips bag has shrinked by half but sells for same price? We are still getting less for our money. And what happened exactly for the food to inflate so high? We are importing all from other countries and shipping costs have increased because transport companies havent lowered their price after the pandemic? There is a shortage of goods? The population has suddendly doubled and there is not enough supply for the demand? Is it the supply/demand that is at play? Suddenly grocery stores are no longer throwing food in the bin because it didn't sold and expired? Or is it because producers, manufacturers and groceries suddenly got greedy and wanted to increase their profit to please their stockholders? I seriously don't see what is the cause of this steep increase other than greed.
How about an excess profit tax on Taleeb, who has personally affected housing affordability by personally flipping 41 properties (half within 12 months of owning them) for $4.9 million in personal profits? Hypocrisy at its finest!
20%? Foreign supplies? Same box of eggs from 8 to13, and same bag of flour from 6 to 10. Both are over 60% increase in the last three years, and both are Domestic production.
May be the NDP should also put an excessive profit tax on Provincial Liquor Stores too? It’s okay for governments to make excessive profits but not corporations…,hmmm….
I am ok granting Sheer his points. I just want to know on the day they take office, how much of my 1000$ grocery bill will go down when the tax is axed.
Getting rid of the Carbon Tax and the gouging Middleman are likely the best answers! Shop at the Farm instead!!! You will give them your support directly! And they need it for they're producing our food. Kudos to them and their hard work!!!
Rent and housing prices also went up 50% and above within 5 years too lol dont just blame the CEOs We cannot deny everyone has been taking their gains because of inflation and rapid cash printing, Ive went from 26 to 30 dollars an hour within 5 years. Name a tax that hasnt cause more inflation?
Let me get this straight. Adding a 'excess profits tax' will lower prices? Wait... lemme go back to grade 5 math. $5 + %corporatetax + %profittax < $5 + %corporatetax ? Yup. NDP are gooder at math than me. 😆
It doesn't take a rocket scientist to figure out if you get rid of the carbon tax then the farmer's price will come down, transportation price will come down and grocery prices should come down if not then there's some gouging happening and they should be made to come down!
So the liberals speaker is asking for transparency from grocers but why can’t Canadians expect the same transparency from the liberals. Example liberals will not release information on foreign interference
Sheer is the only one in the room who understands economics. Canadians should be required to pass an introductory economics course before they are allowed to vote.
Does anyone else feel like the key to solving the high grocery prices is all of their proposed solutions combined? Its frustrating that all parties just squabble and fight over something so universal like food security...
more competition. need coops accross the country. if you introduce profit tax it get passed onto the consumer. WHEN TAXES ARE INCREASED THE ADDED COSTS ARE ALWAYS PASSED ONTO THE CONSUMER.
Let's say carbon tax goes away. Agree that will not solve this issue. I expect more from the Conservatives at this point in the game. The conservatives just making everything about Trudeau is getting old. Please answer Vassy's question clearly instead of going back to the blame game. The liberals do not have any solutions here that is very clear (for whatever reason maybe this is rocket science to them) but the conservatives do not seem to have a solution either. The NDP makes the most sense here (so weird!). Just incentivize and bring in Aldi. everyone else will suddently play ball.
Once prices is gone up business owners doesn’t like to bring the prices down . If increase business owners no hesitation to put the price up I worked in grocery store .our profits is small margin For sure inflation is not down
Put a lock on the immigration gates, and stop saying Loblaw's is on board. It's my understanding that Loblaw's hasn't signed anything, and won't, unless the remaining players agree to signing as well.
not up 20%, my feeling is more than 50%! NDP's proposal is a joke to tax more on groceries then grocery stores will charge.more at the end. We nees more competition.
That 20% is a myth it’s more like 50%. If an item was $3.00 and is now $4.25 that is 42% inflation. Then you buy 50-75 items and add tax to some … there is no way it’s only 20%.
We need more competition period. The only “measures” we should be pursuing are those that make the market in Canada more perfectly competitive. For example getting rid of marketing boards and adjusting regulation and taxation to spur competition in the food processing sector. But hey if we actually lower prices and made people’s life better what would we fundraise off of next election cycle?
The fact anybody thought Sheer could be Prime Minister is really out of touch. I’m conservative and I cannot stand listening to that guy talk. Get him off TV. He’s so bad for conservatives.
the most annoying thing about this video is that they are all correct at the same time. Worldwide issues are a factor, the money printing was somewhat of a factor, and greed-flation is a factor. I wish they would all stop trying to get social clips and govern together.
This excess profit tax thing is just like the Capital Gain tax, you think the food price problem is caused by those grocery gaints so you want to tax them if they profit more. The tax will push away the investment from any gaint business, so the result of that will be less grocery stores on the market, and the more expensive the food for Canadians to buy. Bingo, you just chose exactly the wrong solution on the table.
Drop the carbon tax across the board. You cannot tax into prosperity and it disrupts/kills the supply chain. Legislate to ensure the corporations don't adjust the price with the savings. Stop reckless spending which by nature devaluates the dollar and sparks inflation. In other words, all things that cannot be done under this current government. Call an election.
MPS did find a solution by hiking their own pay and leaving Canadians high and dry as always
Facts.
Bingo!
@@seanclarke4522 To see the facts you have to pay attention and listen
Howdy Doody looks well fed.
Im sure it couldn't have anything to do with an exponentially increasing carbon tax, out of control spending, and immigration due to ndp / liberal policies.
And the ever-bloating size of government and public sector.
The price of food is directly related to the carbon tax. The gets hit the hardest with the carbon tax spending tens of thousands of dollars. Then it gets trucked to the the local regulator. Then to production facility each with compounding carbon tax.
You nailed it
FJT.
You'd love to wouldn't you, maybe he'll let you lick it if you ask nicely.
You want to fornucate him?
@@JessT-vg7ibI bet you would gladly get on your knees for the Supreme leader
@JessT-vg7ib No Bubba his cell mate does when he is where he belongs in prison.
@@jeremyfitzpatrick7772 his cell mate is part of the alphabet group?
The Carbon Tax is the most insidious tax to levy a nation. It taxes absolutely everything one needs to live.
And as such things will only go up we will see less and less of it just as we have over the years
A carbon tax is literally artificial inflation.
@@trigremlin on top of the cash they print every single day
Taleeb from Pakistan now Heritage Minster in Canada its simply mind blowing and sickening.
You may want to look in the mirror real quick, your racism is showing.
Sheer is 100% correct, the rest need to go to the loonie bin
Cut the carbon tax. Didn't have such prices until the carbon tax was added.
It is a bigger peice than Vassy implied. But even bigger is how Canadians will save on their energy bills. $17 dollars on every $100 dollars spent heating their homes. $17 dollars on every $100 spent on gas to get to work. That’s money Canadians can then use on food, housing and other things.
Facts. We get patted down for more and more but see less and less of all this money as the years went by
Axe the tax !
that wont bring prices down...stores will just the prices high and pocket the difference
@@JessT-vg7ib you don't pay taxes do you
@@salvvilona9078 I don't pay taxes because I make sense? That's really sound logic you've got there bud.
@@JessT-vg7ibnope that’s completely false
Just 20%😂? 5 years ago, a watermelon at Costco was at $5.99, now $15.99. Even chicken wings are so pricy.
Thank liberal and NDP voters
How Taleeb become Minster its mind blowing and sickening
Why is the "Heritage Minister" talking about grocery prices????
And what does Taleeb know about Canadian Heritage??? This Government is just an absolute joke...
PRICES ARE 4 TIMES WHAT THEY WERE IN 2020
Sheer is the only person who makes sense on this panel. End the consumer carbon tax
legit ; NDP said REBATE ... BARF ... get the conservatives in power to get out of our pockets
The reason grocery prices are so high is because chains like Loblaws inflated their prices during the pandemic, kept inflating them ever after that and the federal government isn’t doing anything to rein them in. Trudeau is weak on this, incredibly weak (and probably insanely corrupt, I’m wondering how much the three big grocery chains have donated to his reelection campaign) but not for the reason you mentioned. But I agree that the carbon tax should be abolished for individuals and jacked up for the big emitters.
The demand for food has absolutely increased! Does this NDP character think the massive influx of immigrants don’t eat?
Demand for food may have increased, but groceries are still throwing lot of food in the bin. It is not like we have a lack of supply. Shelves in groceries are still full. Not saying influx of immigrants didn't had an impact but I don't think it is the main cause and the biggest impact on food prices.
Massive is an understatement
Drop the carbon tax for ALL Canadians, save Canada 🇨🇦 ❤
it's too bad they can't answer your simple question Vassy.
and by they we mean lib/con/dip all (except the con fanboys are oblivious to this)
9 years in .....pretty much all their fault
Axe the carbon tax.
Then just call the election and SEE how Canadians want the carbon tax and the NDP’s answer to anything just tax everything!
Scheer killed it in this. Absolutely murdered it. Vassey gave it to him hard, and he answered BEAUTIFULLY.
true
@va3svd
yup perfect👍
Sheer may have answered the medium to longer-term issues to help Canadians with affordability. He was not able to say how much Canadians will save on food after they are the tax or what he's gonna do to prevent grocery stores or someone along the chain from increasing their prices.
@@James-mm8pr don't wake the con fanboys from their delusion that Millhouse will fix everything just by axing the facts
@@James-mm8pr career politician Howdy Doody knows what happened to the GST cut.
Vassy for PM!!
Taxes keep going up could be a reason prices are higher.
Government is spending more to service the debt than healthcare and the latest budget is keep on spending. Money printer goes Bruuuu and it all disappears
Can you kindly have the NDP clearly define what is the difference between PROFIT and EXCESS PROFIT? Like how can anyone quantify how much money a company makes is "excessive"??? Who are you to determine that?
Get rid of Trudeau 😏
If I can buy watermelon for 299 at a small town No Frills, and it's 10.99 at the loblaws in the city on the same day ,it's not inflation. They don't need another tax ,they need price regulation especially on grown in Ontario.
Totally agree it’s sickening the price difference.
Careful with giving the govt the power to control prices and companies outright. That is one slippery slope. Instead let's get rid of private monopolies 👍
kids school food program what a load of crap. just let parents take home more money so that we can all afford food for our kids, not big governments taking control of our kids by giving them food
Who pays for the school if no one gets taxed?
the solution is a new government.. in fact, the solution to pretty much all of canadas problems, is a new government
Forget the high Prices..... I've never seen our local Grocery Stores so EMPTY ?
Yes I agree.
Vassy is one of the best journalists I have ever witnessed. She comes through with facts and brings real questions to politicians who duck around. Why don't they EVER answer the question straight??!! But I love Vassy's followup questions and facts.
Why aren’t we talking about increasing food supply? Dairy, meat and grain cartels limit the domestic supply of essentials. These Boards need to allow farmers to produce more to improve the supply/demand situation. Taxes won’t fix this.
That’s false. There’s no shortage of food
@@jumbome7420not from what I've seen in grocery stores. There IS a shortage, however it might be the same kind of shortage that occurs in the diamond industry that inflates prices artificially.
@@AStri-zg5xc there’s absolutely no food shortage in Canada whatsoever.
This government talks and talks and talks and talks and does absolutely nothing except spend billions of dollars on things Canadians do not benefit from.
Or want.
its official we shop in buffalo our prices are DOUBLE then that of the usa why theres no reason
Why not have some anti monopoly measures? Take away all the tax benefits the big companies has and ban them from take over or merge with competitors til the price get to a more affordable level
Hey rod of Trudeau and the carbon tax
THIS ☝! Someone with a clue! Yes....break up the monopolies and end their tax shelters......holy chryst someone gets it....ty for commenting!😊
Liberals will say " we are fighting for Canadians... We will stabilize the price" which means nothing concrete
The Liberals aren't going to do💩
I love how Taleeb can say that "to have competition is a big big win for Canadians".......yeah, maybe set your sight on Bell, Rogers and Telus and how they use the CRTC to gouge the life out of Canada and have been doing it forever. I guess we only want to pick and choose what industries allow competition. Its all corrupt.
I totally agree 👍
Giving a grocery benefit is another braindead idea. All we have is a way for governments to subsidize big corp's. We need to expand the small business model and allow Canadians to be succesful.
NDP are so out of touch. Adding a tax will only increase prices
When grocers are reporting record profits each quarter earnings report, what we are seeing is not inflation but rather "greedflation". We need to hold grocers accountable for high prices
Not before we hold the government accountable for the high taxes and inflation that caused it.
Record profits or record revenues?
@jeffstewart4162 you have just asked the critical question.
@@jeffstewart4162 profits
@@jeffstewart4162profits
Money printing sounds like a more realistic cause to this (and other) problems than grocery companies supposedly being so greedy they've increased food prices 20%. Canada needs to go on an elimination diet, instead of piling on more and more legislation/bureaucracy.
Vassy is amazing. She sure researches her topics. Held everyone's feet to the fire! 17:23
GroceryFlation = GreedFlation ?
NDP called that term months ago. Why does NDP not add this urgent demand to penalize grocery companies doing the GroceryFlation ( GreedFlation ) as a Non-Confident Vote this month so this reality of financial pain is resolved completely ?
The NDP harp on about lablaws “record” profit. They also paid record payroll, they paid record maintenance costs, had record theft. For every 100$ spent lablaws makes 4$ that’s perfectly reasonable.
I Love Vassy. THIS Is how you press politicians.
What does inflation getting lower means when a chips bag has shrinked by half but sells for same price? We are still getting less for our money. And what happened exactly for the food to inflate so high? We are importing all from other countries and shipping costs have increased because transport companies havent lowered their price after the pandemic? There is a shortage of goods? The population has suddendly doubled and there is not enough supply for the demand? Is it the supply/demand that is at play? Suddenly grocery stores are no longer throwing food in the bin because it didn't sold and expired? Or is it because producers, manufacturers and groceries suddenly got greedy and wanted to increase their profit to please their stockholders? I seriously don't see what is the cause of this steep increase other than greed.
The word is shrunk.
Only 20% ? seems more like 50%!
Where is the accountability for violating his oath of office????? This is ridiculous. He needs to be charged!!!
Vassy, you’re soooo well prepared and professional! Thank you!
How about an excess profit tax on Taleeb, who has personally affected housing affordability by personally flipping 41 properties (half within 12 months of owning them) for $4.9 million in personal profits? Hypocrisy at its finest!
20%? Foreign supplies?
Same box of eggs from 8 to13, and same bag of flour from 6 to 10. Both are over 60% increase in the last three years, and both are Domestic production.
thanks Vassy for being fair.
May be the NDP should also put an excessive profit tax on Provincial Liquor Stores too? It’s okay for governments to make excessive profits but not corporations…,hmmm….
I am ok granting Sheer his points. I just want to know on the day they take office, how much of my 1000$ grocery bill will go down when the tax is axed.
what it means is we vote the incompetent out...taxes do not fix financial ignorance by the NDP and Liberals
PMs should be required to have an economics degree, Turdeau is a failed drama teacher. Enough said, now we are paying the price!
And voters should require a knowledge of basic economics.
What moronic concept
Freeland no economic experience but she knows what's best for my life. Joke
Getting rid of the Carbon Tax and the gouging Middleman are likely the best answers! Shop at the Farm instead!!! You will give them your support directly! And they need it for they're producing our food. Kudos to them and their hard work!!!
Vassey is a great host.
Don't forget what a difference removing small amounts of carbon tax in Manitoba and Saskatchewan made.
Inflationary spending and the exponential effect of the carbon tax is the cause of over priced food.
Rent and housing prices also went up 50% and above within 5 years too lol dont just blame the CEOs
We cannot deny everyone has been taking their gains because of inflation and rapid cash printing, Ive went from 26 to 30 dollars an hour within 5 years. Name a tax that hasnt cause more inflation?
Let me get this straight. Adding a 'excess profits tax' will lower prices? Wait... lemme go back to grade 5 math. $5 + %corporatetax + %profittax < $5 + %corporatetax ? Yup. NDP are gooder at math than me. 😆
It doesn't take a rocket scientist to figure out if you get rid of the carbon tax then the farmer's price will come down, transportation price will come down and grocery prices should come down if not then there's some gouging happening and they should be made to come down!
So the liberals speaker is asking for transparency from grocers but why can’t Canadians expect the same transparency from the liberals. Example liberals will not release information on foreign interference
Sheer is the only one in the room who understands economics. Canadians should be required to pass an introductory economics course before they are allowed to vote.
Noor Mohammed ! Isn’t he the guy that flipped @ 45 homes in Vancouver?
Axe the tax and stop giving away our money!
Does anyone else feel like the key to solving the high grocery prices is all of their proposed solutions combined? Its frustrating that all parties just squabble and fight over something so universal like food security...
more competition.
need coops accross the country.
if you introduce profit tax it get passed onto the consumer.
WHEN TAXES ARE INCREASED THE ADDED COSTS ARE ALWAYS PASSED ONTO THE CONSUMER.
Say... how come none of these guys proposed breaking up the monopolies that are already here?
Election!
And nothing will change......EVER!!!
It's the carbon tax
ThiS is a no-brainer
You need to have more than conversations, you need drastic and immediate action.
Let's say carbon tax goes away. Agree that will not solve this issue. I expect more from the Conservatives at this point in the game. The conservatives just making everything about Trudeau is getting old. Please answer Vassy's question clearly instead of going back to the blame game. The liberals do not have any solutions here that is very clear (for whatever reason maybe this is rocket science to them) but the conservatives do not seem to have a solution either. The NDP makes the most sense here (so weird!). Just incentivize and bring in Aldi. everyone else will suddently play ball.
Love Vashy pushing them on how slow acting they are, calling them on what's essentially spinning an L into a W.
Once prices is gone up business owners doesn’t like to bring the prices down .
If increase business owners no hesitation to put the price up
I worked in grocery store .our profits is small margin
For sure inflation is not down
We had food banks in Canada for how long now ??? Crazy in 2024 , unsanitary ! Just talk
Since Justin's step-father's last term in office.
You go Vassy they keep avoiding the question lol
20% seems way low to me ? These deceptive inflation formulas need to change ..
Her question is fair. Two years and nothing fixed. So how much longer before you actually do something that actually works
Bring it home 🏡
Bring in foreign grocers ? Are walmart and costco Canadian ?
Put a lock on the immigration gates, and stop saying Loblaw's is on board. It's my understanding that Loblaw's hasn't signed anything, and won't, unless the remaining players agree to signing as well.
not up 20%, my feeling is more than 50%! NDP's proposal is a joke to tax more on groceries then grocery stores will charge.more at the end. We nees more competition.
That 20% is a myth it’s more like 50%. If an item was $3.00 and is now $4.25 that is 42% inflation. Then you buy 50-75 items and add tax to some … there is no way it’s only 20%.
Typical liberal answers, we are looking it into it but nothing concrete is ever done.
Increase peoples wages and cut some taxes so we can take home more of our money we worked so hard for to buy those expensive groceries!!
We need more competition period. The only “measures” we should be pursuing are those that make the market in Canada more perfectly competitive. For example getting rid of marketing boards and adjusting regulation and taxation to spur competition in the food processing sector. But hey if we actually lower prices and made people’s life better what would we fundraise off of next election cycle?
The fact anybody thought Sheer could be Prime Minister is really out of touch. I’m conservative and I cannot stand listening to that guy talk. Get him off TV. He’s so bad for conservatives.
We need higher carbon taxes to reduce prices and more spending by the federal government.
20%?
Some things have gone up 100%
If its legal to rob and steal, do you think they will stop because they've just grown a conscience
I can't.beive this is even a debate
Why is steel 4 times more expensive than wood stud for stud?
Carbon tax
the most annoying thing about this video is that they are all correct at the same time. Worldwide issues are a factor, the money printing was somewhat of a factor, and greed-flation is a factor. I wish they would all stop trying to get social clips and govern together.
AXE THE TAX
Stop policy's like the nature law in Europe that will take land away from farmers.
All they are willing to do is have conversations not soloutions as they have to admit there are problems caused by the government
This excess profit tax thing is just like the Capital Gain tax, you think the food price problem is caused by those grocery gaints so you want to tax them if they profit more. The tax will push away the investment from any gaint business, so the result of that will be less grocery stores on the market, and the more expensive the food for Canadians to buy. Bingo, you just chose exactly the wrong solution on the table.
3.7% profit margin.. those greedy corporations
Drop the carbon tax across the board. You cannot tax into prosperity and it disrupts/kills the supply chain.
Legislate to ensure the corporations don't adjust the price with the savings.
Stop reckless spending which by nature devaluates the dollar and sparks inflation.
In other words, all things that cannot be done under this current government. Call an election.
20%? More like 100% increases.