Reading Time: < 1 minute Canadian retail sales decreased by 0.4 per cent in December to $70 billion on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
Tag Archives Retail
Canada December retail sales down 0.4 per cent; seen up 1.5 per cent in January
Canada October retail sales down 0.2 per cent; seen up 1.2 per cent in November
Reading Time: < 1 minute Canadian retail sales fell by 0.2 per cent in October from September to $69.44 billion, on lower sales at food and beverage retailers, Statistics Canada said on Friday.
Major grocery chains agree to help stabilize prices, feds say
Any moves must not undercut farmgate prices, government warns
Reading Time: 2 minutes Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
Trudeau summons top grocers over rising food prices
Major grocers' level of profit 'does not make sense,' PM says
Reading Time: 3 minutes Ottawa | Reuters — Prime Minister Justin Trudeau on Thursday said he had summoned the country’s top grocers to help find solution to the surging food prices and vowed to cut federal taxes on new rental buildings, as he fights an affordability crisis that has dented his party’s opinion poll ratings. After meeting with Liberal […] Read more
Canada’s combine sales up in April
Small tractor sales drag on total retail movement
Reading Time: 2 minutes Retail sales of combines in both Canada and the U.S. showed a marked increase in April this year while the market for sub-compact tractors continues to soften, new data shows. The count for April 2023 from the Association of Equipment Manufacturers (AEM) puts self-propelled combine sales in Canada at 166, up 50.9 per cent from […] Read more
Food sales grew but margins tightened in 2022, FCC says
Modest further growth expected this year
Reading Time: 2 minutes Food and beverages sales increased in Canada last year, even as margins hit an historic low and consumers chose Canadian less. According to the latest FCC Food and Beverage Report, released Tuesday, sales increased 11 per cent to $156 billion in 2022. These gains came largely from higher export values and strength in the grain […] Read more
Federal NDP ag critic to handle food inflation file
Mini-shuffle follows new critic portfolio
Reading Time: 2 minutes Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to […] Read more
Competition Bureau to probe soaring food prices
Retail food prices seen outpacing inflation
Reading Time: 2 minutes 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
Canada to review impact of cannabis legalization four years on
Review will also look at regulatory challenges in pot sector
Reading Time: 2 minutes 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
Loblaw beats estimates for quarterly revenue
Reading Time: < 1 minute 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
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