Reading Time: 3 minutes 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,” according to Canada’s Food Price Report 2024.
Canadian food inflation to slow through 2024, report says
More certainty has brought an uptick in grocer promotions, but consumers are struggling
Farmgate milk price hike delayed to May
Stakeholders say increase should be postponed amid food inflation concerns
Reading Time: < 1 minute The farmgate price of milk will go up May 1, 2024, rather than Feb. 1, after a review of the national pricing formula and consultation with stakeholders. The increase will be 1.77 per cent, or about 1.5 cents per litre for milk going into processing plants, the Canadian Dairy Commission said Wednesday. The commission had […] Read more
Hold off on milk price hike, dairy farmers say
Dairy commission to consult again before making annual adjustment
Reading Time: 3 minutes The process to set the next national price adjustment for Canadian milk will now take an extra week, triggered by stakeholder objections, for a round of consultations — in which the national dairy farmer group plans to call for a delay on any increase. The Canadian Dairy Commission — the Crown corporation managing Canada’s milk […] Read more
Canada retools inflation baskets with more focus on food, gas
Snowblowers and barbecues in, DVD players out
Reading Time: 2 minutes Ottawa | Reuters — Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence to changes in the prices of food and gasoline. The reweighting, which Statistics Canada carries out every year, has historically had only a marginal impact on the […] Read more
Klassen: Small volumes characterize feeder cattle market
Reading Time: 2 minutes It’s that time of year when the feeder cattle market experiences a calm before the storm. The fall run will get underway over the next three weeks and recent market activity appears to be quite positive. Last week, yearlings and calves traded $3 on either side of unchanged compared to seven days earlier. However, larger […] Read more
Klassen: Stronger beef demand underpins feeder market
Reading Time: 2 minutes Compared to last week, Western Canadian yearling markets traded $2 to $4 higher on average while calves were relatively unchanged. It appears that yearling supplies could be down 2 per cent to 4 per cent this fall which has feedlots being more aggressive early in the season. Major markets in Alberta led the charge higher […] Read more
Klassen: Feeder market jumps on optimistic outlook
Reading Time: 2 minutes Western Canadian yearling prices were slightly softer during the second week of July, due to the historical high weekly marketings of feeder cattle south of the border; however, the market fully recovered last week. Feeder cattle prices tend to make a seasonal high in late July and this year is no exception. Market reports in […] Read more
Report sees Canadian meat prices rising at faster pace
Reading Time: < 1 minute CNS Canada — Canadians will be paying more for meat than earlier thought in 2017, according to a new report from Dalhousie University. Expected price declines for other foods, however, will limit the impact on the total grocery bill in the country. In the mid-year update for Canada’s Food Price Report, researchers at Dalhousie in […] Read more
A message from April Stewart, Country Guide's Associate Editor
