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File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General, Markets, Reuters

Competition Bureau to probe soaring food prices

Retail food prices seen outpacing inflation

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Reuters — Canada’s competition watchdog said on Monday it would examine factors impacting soaring food prices and whether more competition in the grocery stores sector could help lower costs for Canadians. Price rises for store-bought food have been outpacing the broader annual inflation rate for 10 consecutive months, and grew 11.4 per cent in September, […] Read more
Cannabis plants at a licensed indoor production facility in Winnipeg. (Dave Bedard photo)
Crops, Reuters

Canada to review impact of cannabis legalization four years on

Review will also look at regulatory challenges in pot sector

By
Ottawa | Reuters — Canada on Thursday launched a review of the country’s legalization of recreational cannabis use four years ago to evaluate its impact on youth, Indigenous minorities and others, and analyze its effect on the economy and the illegal marijuana market. Canada became the first developed nation to legalize use of recreational marijuana […] Read more
File photo of a Loblaw-owned Real Canadian Superstore location in Winnipeg. (Dave Bedard photo)
General, Markets, Reuters

Loblaw beats estimates for quarterly revenue

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Reuters — Canadian retailer Loblaw Cos. beat market estimates for quarterly revenue on Thursday, as demand for groceries and other essential items stayed strong. The pandemic-led trend of cooking at home has sustained even as COVID curbs have eased, continuing to help sales at grocery stores that benefited during last year’s lockdowns. Companies such as […] Read more
(M+M Food Market video screengrab via YouTube)
General

On The Run operator to buy M+M Food Market

Parkland Corp. to pay $322M for frozen-food retailer

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A well-known Canadian food retailer selling flash-frozen meals, entrees, side dishes and desserts direct to consumers is headed to expansion-minded new owners. Calgary-based Parkland Corp., which operates fuel and convenience retail chains and bulk fuel distribution businesses in Canada and elsewhere, announced Tuesday it’s signed an agreement to buy M+M Food Market for about $322 […] Read more
CF Industries’ UAN plant at Donaldsonville in Louisiana. The company also makes UAN at plants in Ontario, Iowa and Oklahoma. (Thyssenkrupp-industrial-solutions.com)
Crops, Markets, Reuters

Fertilizer shortage may lead to spring scramble

'It's next year's prices I'm worried about'

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Reuters — A global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America’s farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season. The Texas Arctic Blast in February and Hurricane Ida in August disrupted U.S. fertilizer production. Then, prices of […] Read more
(DavesKillerBread.com)
Crops

Flatbread firm FGF buys Weston Foods bakery business

Weston selling to focus on retail, real estate

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The parent company for Canadian grocery and retail giant Loblaw is taking a major step out of the baked goods business. George Weston Ltd. announced Oct. 26 it would sell its Weston Foods fresh and frozen bakery businesses to an arm of Toronto-based bakery firm FGF Brands for $1.2 billion. The company expects to close […] Read more
(File photo by Dave Bedard)
Beef Cattle, Livestock

Walmart stakes big claim on Canadian sustainable beef

Retailer pledges to take over 680 tonnes in 2022

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The Canadian arm of the world’s biggest retailer has put a number to its previous commitment to source certified-sustainable beef for its grocery business. Walmart Canada on Thursday announced it has committed to buy 1.5 million pounds of beef sourced from farms and ranches certified to Canadian Roundtable for Sustainable Beef (CRSB) standards over the […] Read more
Aurora Cannabis in November 2019 opened a flagship retail store at the West Edmonton Mall, describing the 11,000-square foot shop as “both a retail cannabis store and an immersive experiential space.” (CNW Group/Aurora Cannabis Inc.)
Crops, Reuters

Aurora Cannabis revenue short of expectations on lower pot demand

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Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the company, which also posted a bigger-than-expected quarterly loss, were down two per cent in extended trading. After more than three years into Canada’s legalization of […] Read more
An information label is seen on packaging for a CO2 cylinder for a fizzy drinks machine in Manchester, Britain on Sept. 20, 2021. (Photo: Reuters)/Phil Noble)
Livestock, Markets, Reuters

U.K. meat industry warns of threat to supplies from CO2 crisis

CO2 shortage is caused by closure of fertilizer plants

By
London | Reuters — Some of Britain’s meat processors will run out of carbon dioxide (CO2) within five days, forcing them to halt production and impacting supplies to food retailers, the head of the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and […] Read more
File photo of the produce section at a Canadian grocery store. (FatCamera/E+/Getty Images)
General

Industry-led code of conduct for food retailers on horizon

Fees create 'uncertainty' for producers, processors

By
A report from a federal-provincial working group says the retail sector has levied an increasing number of fees on suppliers, and is proposing the formation of a code of conduct as a potential solution. Canada’s agriculture ministers are now calling on industry to lead the process. They had formed the working group to study the […] Read more

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