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Tag Archives food prices — page 3

Galen Weston Jr., chair and president of Loblaw Companies Ltd., and Michael Medline, president and chief executive officer of Empire Company Ltd., was one of several grocery executives who appeared before a committee on Parliament Hill in early March.
News

Opinion: Keep political bitterness out of Canadian food

Examination of food price inflation offers opportunity for government to explain the components of food pricing

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Glacier Farmmedia – Some things are more apparent than real. If the price of food jumps by 15 or 20 per cent due to rising global inflation, it is assumed the difference between today’s price and last year’s price is in someone’s pocket. But whose? Canadian politicians have an opportunity to explain the components of […] Read more
This past fall, Statistics Canada found food inflation averaging 11.4 per cent, a 41-year high.
News

Opinion: A nuanced take on ‘Food Freedom’

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Glacier FarmMedia – The Canadian Federation of Agriculture (CFA) took a different approach last month when it marked its annual ‘Food Freedom Day’ on February 9, just one day later than last year. Ordinarily, it’s a straightforward affair where they note that by this date, the average Canadian has earned enough to pay their food […] Read more
Representatives from several Canadian grocery retailers were asked to explain how their profits remain high while consumers struggle to afford food at a recent Commons agriculture committee meeting.
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Grocery execs on hot seat at agriculture committee

MPs studying food price inflation take the industry to task for not helping consumers while earning higher profits

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Glacier FarmMedia – House of Commons agriculture committee members from all political parties last month grilled grocery retailers over food prices. Francois Thibault, executive vice-president and chief financial officer for Quebec-based Metro Inc., was particularly taken to task by Conservative MP Lianne Rood for fees retailers charge produce growers to place their products in stores […] Read more
The price of food in grocery stores in Canada has reached the point of anxiety inducing, but the situation south of the border isn’t much better.
News

Opinion: Food insecurity costs

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Walking into the grocery store in the past few months has become a source of anxiety for many Canadians. I know my heart skips a beat when I see the grand total at the bottom of the receipt, which seems to climb higher with every store visit despite not making any significant changes in what […] Read more
Although farm revenues are up, costs are also increasing, said FCC Industry Relations Manager Darlene McBain.
News

Farm revenues should rise in 2023, but so will costs

Annual FCC Economic Outlook focuses on predicted global economic slowdown

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Food price inflation and labour market volatility remain the post-pandemic factors to watch, Farm Credit Canada finance specialists said during the agency’s annual economic outlook Jan. 24. Although challenges like supply chain disruptions and fluctuating input costs have eased somewhat, they will likely have an effect on farm costs and profitability in 2023. Held the […] Read more
NDP ag critic Alistair MacGregor speaks Feb. 3, 2023 in the House of Commons. (Alistair MacGregor video screengrab via Facebook)
Markets

Federal NDP ag critic to handle food inflation file

Mini-shuffle follows new critic portfolio

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Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to […] Read more
The 2022 CCFI Public Trust Research Report showed that while Canadians are not extremely trusting of media as a source of information about Canada’s food system, this was influenced by the type of media and age of the user.
News

Public trust in Canada’s food system comes off pandemic high

Cost of living and other factors drive a return to pre-2020 consumer perceptions

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After a pandemic-induced boost, the latest public trust report from the Canadian Centre for Food Integrity indicates Canadians’ faith in the food system has fallen back to general historical trends.  As the 2022 CCFI Public Trust Research Report describes, 24 per cent of survey respondents believe the food system is headed in the wrong direction, […] Read more
Food inflation appears to have peaked, or at least it’s under control, for now.
News

Opinion: Food inflation seems to be concluding

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Statistics Canada is reminding Canadians every month how painful their trips to the grocery store have been recently. The retail inflation rate is still at an astonishing 9.9 per cent, its highest point since 1981. In fact, our food inflation rate has exceeded the general rate since December of last year, which is why food […] Read more
Checking the grocery bill
Markets, News

Organic groups watch for trends as food prices rise

DFO cuts organic production in anticipation of slowed market growth

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Leaders of Ontario’s organic food production and processing sectors aren’t ready to declare a trend but there are indications that recent food price inflation has affected consumers’ willingness to pay premium prices for organic options. “There have been a few emails coming through from people concerned about how this is going to affect organics,” Organic […] Read more
It’s long been a complaint of farmers about the amount of money they get for what they produce versus how retail prices behave at the grocery store.
News

Opinion: Is greed driving the beef industry to a legal showdown?

When it comes to price-fixing, the U.S. acts. Canada, not so much

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A Quebec-based group is leading a class-action lawsuit aimed at major federally licensed beef packers. Cargill, JBS Foods, Tyson Foods and National Beef Packing are all accused of colluding and inflating beef prices since 2015. Consumers in Quebec who have been buying beef since 2015 can be part of the claim. The authorization application was […] Read more

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