Thursday, 31 December 2015

Expect Canadian Food Prices to Keep Rising in 2016

The University of Guelph's Food Institute estimates the average Canadian household spent an additional $325 on food this year. On top of that, consumers should expect an additional annual increase of about $345 in 2016.

Since 81 per cent of all vegetables and fruit consumed in Canada are imported, they are highly vulnerable to currency fluctuations. They are pegged to increase in price by four to 4.5 per cent in the new year.

Read more here (CBC.ca link)



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