Inflation is impacting holiday shopping this season, Winnipeg businesses say – Winnipeg

Inflation is impacting holiday shopping this season, Winnipeg businesses say – Winnipeg

Families and businesses say they are feeling the impacts of inflation this holiday season. For some businesses, like Harrisons Coffee Company, inflation is really impacting how many customers are seeing come through their doors. “Our customers or potential customers don’t have as much disposable income, so they’re having to make choices between bananas or coffee … Read more

Loblaw, Metro sales and profit grow as Canadian grocers face inflation scrutiny

Loblaw, Metro sales and profit grow as Canadian grocers face inflation scrutiny

An autonomous driving vehicle prepares to drive without a human driver behind the steering wheel from the Loblaw office to a Superstore in Brampton, Ont., on Oct. 4.Christopher Katsarov/The Globe and Mail Two Canadian grocers reported growth in sales and profits in their latest quarters, as the sector continues to face scrutiny over food inflation … Read more

Here’s how much grocery stores in Canada have profited amid food inflation

Here’s how much grocery stores in Canada have profited amid food inflation

As Canada’s major grocery store brands continue to be investigated by the Competition Bureau of Canada for potentially increasing prices at a higher rate than the general inflation consumers are suffering under, new research from one of the nation’s top universities has provided insight into the companies’ profits . Researchers at the Agri-Food Analytics Lab … Read more

How to eat healthy amid rising food costs? Expert says plant-based ‘all the way’ – National

How to eat healthy amid rising food costs? Expert says plant-based ‘all the way’ – National

Even as food prices continue to rise in Canada, it is possible to eat healthy by looking for cheaper alternatives and dabbling more in plant-based diets, according to some experts. As food costs have increased, some suggest more and more Canadians are opting to substitute one kind of meat for a cheaper option, or move … Read more

TikTokers Are Getting Real About What Inflation Looks Like In Canadian Grocery Stores (VIDEOS)

TikTokers Are Getting Real About What Inflation Looks Like In Canadian Grocery Stores (VIDEOS)

Inflation in Canada is currently through the roof and Canadian shoppers are definitely feeling the pinch. In light of this, many have taken to TikTok to capture just how much everyday grocery items are costing them at big Canadian retailers and how much they’ve been spending — or overspending. To put things in context, the … Read more

N.S. bike shop says paying living wage has helped the business – Halifax

N.S. bike shop says paying living wage has helped the business – Halifax

A Nova Scotia bicycle shop says paying employees a living wage has helped the business. Cyclesmith in Halifax made the move in September 2021. The shop has 31 full-time staff members and they make at least $23.50 per hour, according to owner Andrew Feenstra. Read more: NS workers ‘running in place’ as wages fail to … Read more

Freeze on Fuel Tax, Money for Families With Children, Seniors

Freeze on Fuel Tax, Money for Families With Children, Seniors

EDMONTON—Alberta Premier Danielle Smith gave her first televised address to the province Tuesday night and announced a long list of measures intended to address high inflation, rising food costs, expensive fuel at the pumps, and skyrocketing energy expenses. Smith said on Nov. 22 that details of the new Inflation Relief Act are still being finalized, … Read more

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

Mastercard SpendingPulse: Last-minute shopping prevails over one-day sales and promotions as Canadian retail sales expected to grow +5.7% this holiday season

Mastercard SpendingPulse: Last-minute shopping prevails over one-day sales and promotions as Canadian retail sales expected to grow +5.7% this holiday season

This holiday season, from November 25 to December 24, Canadian retail sales (excluding Automotive) are expected to increase +5.7%* year over year (YOY) and +21.2% since pre-pandemic (2019), according to the Mastercard SpendingPulseTM holiday forecast. E-commerce retail sales are expected to grow +3.8% YOY (+63.1% YO3Y). Mastercard Spending Pulse measures in-store and online retail sales … 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