Reading Time: < 1minute 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.
Reading Time: 2minutes 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.
Reading Time: < 1minute Restaurant Brands reported fourth-quarter comparable sales above estimates on Thursday, helped by resilient traffic at its Burger King and Tim Hortons chains.
Reading Time: 2minutes 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.
Reading Time: 4minutes 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.
Reading Time: < 1minute 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.
Reading Time: 4minutes 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.
Reading Time: 2minutes 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.
Reading Time: < 1minute 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.
A message from April Stewart, Country Guide's Associate Editor