Canada’s annual inflation rate fell to 1.8 per cent in February, after prices in the same period a year ago had risen sharply when the government’s sales tax relief ended, Statistics Canada said on Monday.
Canadian retailer Loblaw on Wednesday missed analysts’ estimates for fourth-quarter revenue, signaling consumers are turning cautious and more discerning in their spending pattern as tariff uncertainty hovers.
General Mills cut its annual core sales and profit forecasts on Tuesday as the Cheerios cereal maker contends with a volatile economic backdrop and evolving consumer tastes.
Restaurant Brands reported fourth-quarter comparable sales above estimates on Thursday, helped by resilient traffic at its Burger King and Tim Hortons chains.
Sunday marked “Food Freedom Day,” the date by which the average Canadian household earned enough money to cover its annual grocery bill as per calculations from the Canadian Federation of Agriculture.
Prime Minister Mark Carney has earned global admiration for openly declaring the end of a global order based on rules, but he has had far less success addressing a growing and more day-to-day concern at home: the rising cost of food.
World food prices declined for a fourth consecutive month in December, marking the lowest average since January, the United Nations’ Food and Agriculture Organization said on Friday.
Food prices are 27 per cent higher now than they were in 2020, the new Canada’s Food Price Report shows. Meat prices are particularly to blame for the rise.