In response to Loblaw seeing its fourth-quarter revenue rise about 10 per cent to a whopping $14.01 billion, NDP critic for Finance, Daniel Blaikie (Elmwood—Transcona) issued the following statement:
Canada's NDP issued the following press release on February 23, 2023:
OTTAWA — “Food prices are climbing far faster than inflation, making it clear that some corporations are using inflation as an excuse to jack up prices. This greedflation is forcing Canadians to put fresh vegetables back on the shelf, while CEOs like Galen Weston just saw another huge windfall this quarter.
Even the Bank of Canada now agrees that greedflation is contributing to sky-high food prices. Bank of Canada Governor Tiff Macklem has suggested continued price hikes may be met with further interest rates hikes, which will only hurt Canadian households more. That is why Prime Minister Justin Trudeau and his government must act to reign in corporate profiteering without any further delay. One way to do that is to extend the windfall profit tax on banks and insurance companies to big box retailers and oil and gas companies.
It’s well past time to stop requiring everyday families to pay for an economy designed to keep putting more money in the pockets of the most wealthy.”
The NDP leadership race will officially begin in September 2025, with a new leader to be elected no later than March 29, 2026.
The NDP has launched its review and renewal process to reflect on the 2025 election campaign and help shape a path forward for the party.
With the appointment of Don Davies as Interim Leader of Canada’s NDP, the party begins reconnecting with working people, renewing its commitment to Canadians and rebuilding for the future.