As costs rise, majority of Canadians are changing their food-buying habits, survey finds

As costs rise, majority of Canadians are changing their food-buying habits, survey finds

Four in five Canadians have changed their household menus to adapt to rising food prices, a new national survey has found. According to the Angus Reid Institute, 46 per cent of Canadian consumers are switching to cheaper brands at the grocery store, one-third are cutting back on meat, and one in five are buying less … Read more

Inflation, interest rates push small businesses to hike prices as holiday season hits

Inflation, interest rates push small businesses to hike prices as holiday season hits

With the holiday season ramping up, it’s a critical time of year for small businesses. But for retailers like Calgary’s UTB Fashions—facing the pressures of inflation, higher interest rates and a possible recession on the horizon—the walls seem to be closing in at just the wrong time. Read more: October’s inflation reading — Higher gas, … Read more

Inflation, interest rates, recession? Poll finds these Canadians are worrying the most – National

Inflation, interest rates, recession? Poll finds these Canadians are worrying the most – National

The most vulnerable Canadians are more likely to be worried about feeding their families as high inflation and interest rates take their toll, new polling shows, while fears of a recession threaten to compound the rising cost of living. While headline inflation has been abated in recent months, Ipsos polling conducted exclusively for Global News … Read more

As food inflation stays hot, here’s a look at how much items cost

As food inflation stays hot, here’s a look at how much items cost

OTTAWA – Canada’s inflation rate fell from its near 40-year high of 8.1 per cent in June to 7.6 per cent in July, Statistics Canada said Tuesday. The easing was largely attributable to gas prices, which have dropped in recent weeks, but similar relief has not extended to food costs. The latest consumer price index … Read more

Holiday spending expected to slump amid inflation, economic uncertainty: report

Holiday spending expected to slump amid inflation, economic uncertainty: report

Holiday spending in Canada is expected to drop this year as inflation shrinks consumer buying power and economic uncertainty looms over household budgets, a new report says. In its 2022 holiday retail outlook, Deloitte Canada said Tuesday overall holiday spending is expected to fall 17 per cent to $1,520 per household as recessionary concerns and … Read more

Grocery store, alcohol sales down in April as prices rose: Statistics Canada – National

Grocery store, alcohol sales down in April as prices rose: Statistics Canada – National

By The Staff The Canadian Press Posted June 21, 2022 9:10 am Descrease article font size Increase article font size Statistics Canada says retail sales rose 0.9 per cent to $60.7 billion in April, boosted by gains at general merchandise stores. The agency also says its early estimate for retail sales in May suggests a … Read more

Meat and cheese top stolen items as experts warn grocery theft on the rise – National

Meat and cheese top stolen items as experts warn grocery theft on the rise – National

Shoplifting appears to be on the rise at grocery stores in Canada as a growing number of supermarkets report an increase in thefts of food and pharmacy products. Industry experts say meat is the No. 1 stolen item followed by cheese and over-the-counter medicine. Liquor stores are also reporting an increase in theft since the … Read more

‘Shenanigans’: Calls to boycott Loblaws in August grow over ‘greedflation’

‘Shenanigans’: Calls to boycott Loblaws in August grow over ‘greedflation’

As prices at the grocery store continue to cause sticker shock for Ontarians, some are calling for a boycott of one of Canada’s largest grocery store chains — Loblaws. Some are claiming that it is not inflation driving prices up at the grocery store, but rather “greedflation” or price-gouging at the hands of grocers. Readmore: … Read more

Sobeys parent company sees Q4 profit grow as food inflation nears 10% in Canada – National

Sobeys parent company sees Q4 profit grow as food inflation nears 10% in Canada – National

The food going into grocery store shopping carts in Canada is changing as many consumers struggle to afford basics amid a nearly 10 per cent increase in food costs, the head of one of the country’s largest supermarket chains said Wednesday. “We are seeing double digit rates of inflation on basic commodities like eggs, flour … Read more

Canadian dollar steadies near two-year low as investors eye U.S. inflation data

Canadian dollar steadies near two-year low as investors eye U.S. inflation data

The Canadian dollar CADUSD was little changed against its US counterpart on Wednesday, holding near its weakest level in over two years, as oil prices fell and investors weighed data showing US producer prices climbed more than expected in September. Equity markets globally hovered near recent lows as US producer prices rose at an annual … Read more