Canada’s annual inflation rate in October eased to 2.2 per cent as gasoline prices dropped, food prices eased and mortgage interest costs came down below the three per cent mark, data showed on Monday.
Tag Archives food prices
Canada’s inflation in October eases to 2.2 per cent on lower gasoline, food prices
Canada’s Loblaw raises annual profit forecast on resilient grocery demand
Loblaw raised its annual profit forecast after beating third-quarter profit estimates on Wednesday, as the Canadian retailer bet on demand for grocery and medicines at its discount stores to remain resilient amid economic uncertainties.
World food prices dip as falls in sugar and dairy offset new high for meat
Global food commodity prices dipped in September as declines in sugar and dairy offset a new peak for meat prices, the United Nations’ Food and Agriculture Organization said on Friday.
General Mills keeps annual outlook as North America demand softens
General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America.
World food prices at two-year high on rising meat and edible oils, FAO says
World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said.
Foodgrains Bank sounds alarm on slow progress in addressing global hunger
Number of people facing hunger fell in 2024, but war and food costs continue to drive insecurity
The number of hungry people in the world declined in 2024 for the first time since the COVID-19 pandemic, according to a recent UN report, but progess has been too slow says the Canadian Foodgrains Bank.
Beef demand drives cattle and beef markets higher
The Markets: Feedlot profitability could be challenging by the end of the year
Prices for beef cattle continue to be strong across the beef value chain, although feedlot profitability could be challenging by the end of 2025, analyst Jerry Klassen says.
World food prices tick higher in June, led by meat and vegetable oils
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday.
Strong year predicted for Canadian dairy products, meat processors expect squeeze
It's projected to be a strong year for dairy product makers, while meat product manufacturers' margins may be squeezed as rising prices fail to offset higher input costs, Farm Credit Canada (FCC) said in its new Food and Beverage Report.
Canadian pork consumption saw sharp drop in 2024
Reduced demand a challenge for an industry facing U.S. tariffs and recovering from recent low revenue years
Pork consumption in Canada dropped sharply in 2024 as price inflation reduced its appeal as a budget-friendly protein, Farm Credit Canada said in a recent report.
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