Canada's annual inflation rate accelerated more than expected to 2.0 per cent in October as gas prices fell less than the previous month, data showed on Tuesday, shrinking market bets for a bigger rate cut next month.
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Canada’s inflation rate jumps back to two per cent, curbing large rate-cut bets
Bank of Canada cuts rates, hails ‘good news’ on low inflation
The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.
Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut
Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.
Global demand for pork remains strong, buoying industry optimism
Processing capacity in Ontario must still be addressed, farmers heard
Ontario Pork’s outgoing chair delivered a sombre but optimistic assessment of the industry’s future during the organization’s annual general meeting in Guelph March 21. John de Bruyn said lingering value […] Read more
Consumer food-buying behaviour changing rapidly
Inflation-strapped buyers turn to more discounts, cut their food-buying budgets
Canadian consumers have dramatically changed their grocery-buying patterns in the past year as food prices and housing inflation have squeezed their budgets. Demand and product changes in the food supply […] Read more
Dairy sector set to stabilize in 2024: FCC
Feed prices, butter stocks, retail demand and inflation top trends to watch
The dairy sector seems set to stabilize in 2024 amidst high processor demand and leveling-off input costs, Farm Credit Canada says.
Report sees lower Canadian food inflation through 2024
Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end
Glacier FarmMedia – Canadian food prices are expected to rise between 2.5 and 4.5 per cent in 2024, according to a new report. “It is probable that Canadians will continue […] Read more
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
Canadian farm cash receipts rise in 2022, but so do inputs
Total farm operating expenses see largest increase in more than 40 years
Glacier FarmMedia – Farm revenues have been good in 2023 despite falling crop prices, according to Statistics Canada. Farm cash receipts for Canadian farmers totalled $72.5 million over the first […] Read more