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Tag Archives inflation — page 2

Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable
News

Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut

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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.
John de Bruyn, Ontario Pork chair, told pork producers that the global pork demand remains strong, providing optimism for the industry during the annual general meeting in Guelph.
Livestock, News

Global demand for pork remains strong, buoying industry optimism

Processing capacity in Ontario must still be addressed, farmers heard

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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 chain issues from COVID-19, high inflation and feed costs and market volatility squeezed margins, making it difficult to turn a profit, but the future holds […] Read more
Canadians have become addicted to specials at grocery stores to the point that half of all grocery sales are specials.
News

Consumer food-buying behaviour changing rapidly

Inflation-strapped buyers turn to more discounts, cut their food-buying budgets

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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 chain will affect farm commodities. Grocery store sales are down in Canada, even with product value inflation, which means less demand for farm products. Why […] Read more
“We’ve had a massive trading down in food choices in Canada over the past year, mostly from February to October. That is stabilizing now.” – Sylvain Charlebois
News

Report sees lower Canadian food inflation through 2024

Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end

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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 to experience the strain of food inflation compounded by increasing costs of housing, energy and various other expenditures,” says Canada’s Food Price Report 2024, an […] Read more
Growers are starting to feel the pinch of inflation, high interest rates and rising labour costs.
News

Canadian farm cash receipts rise in 2022, but so do inputs

Total farm operating expenses see largest increase in more than 40 years

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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 three quarters of the year, up 7.9 per cent from the same period in 2022. Why it matters: Farm cash receipts are used to estimate […] Read more
Federal economic statement offers little for agriculture
News

Federal economic statement offers little for agriculture

Changes to underused housing tax and biofuel-related tax credit among few interest pieces

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Glacier FarmMedia – Agriculture mentions were light as the federal government unveiled its 2023 Fall Economic Statement Nov. 21. A search of the 141-page document for the term “agriculture” revealed only a handful of results. One of the few sections of interest for farmers referred to the use of waste biomass to generate electricity and […] Read more
Evidence is emerging that data, combined with pricing algorithms, may be fuelling inflation.
News

Opinion: The dark side of data sharing

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Data is a big part of our lives. It is built into the cell phone plan we pay for every month, our credit score and every part of every supply chain that brings us the things we use and consume. It can be used to spot patterns, optimize operations, save money and create better end […] Read more

Cyber-Savvy Farmer

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