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
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
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
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
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
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
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
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
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
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
