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Tag Archives Inflation

File photo of a rainy day in Iqaluit. (Wildnerdpix/iStock/Getty Images)
Markets, Weather

Cold and hungry: Food inflation bites Canada’s North

'It's really expensive to do business here'

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Iqaluit | Reuters –– In Canada’s remote North, residents have long paid dearly for food, and rising prices have worsened an already dire situation, exposing the vulnerability of one of the world’s biggest exporters of grains and meat. Communities in Nunavut — the largest of the three territories that make up Canada’s northernmost region —
Markets, Other

Dealing with a murky financial future

Forget ripples; the rocks thrown into the financial pond so far have made big waves

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We’re halfway through the year and a lot has happened already. From a major invasion in Europe to rising interest rates and one of the worst starts for stocks ever, this year has not been without volatility.  We’ll take this mid-summer opportunity to do a 2022 halftime financial review of where we’ve been, what it
Food prices will continue to rise but at a much slower pace in coming months.
Comment, Op/Ed

Comment: Dealing with ‘greedflation’

Consumers have a right to be skeptical but there’s not a lot of evidence

By
Accusations of gouging in the food industry have reached an all-time high. According to a recent survey, 68 per cent of Canadians believe food corporations are taking advantage of the inflationary cycle to increase prices, and it’s not just in retail. While Quebec and British Columbia now have class-action lawsuits against the beef industry, many
bank of canada
Editorial, Op/Ed

Editor’s Take: Going up

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The Bank of Canada removed any lingering doubts last week about its commitment to fighting inflation. It delivered a jumbo rate hike of 100 basis points — or a full per cent — while facing an annualized inflation rate of more than seven per cent, according to the most recent figures from Statistics Canada. South
Farmers demanding higher bids from grain dealers could contribute to rising prices at the grocery store.
Crops, News

U.S. farmers look for premium on remaining 2021 crop

Sellers remain stubborn in the U.S., waiting to see what happens

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Reuters – American grain buyers will have to boost prices to pry farmers’ corn and soybeans from their bins as growers are already flush with cash and can afford to wait and see if the market rallies. “I assume we are going to have to bid up throughout the summer,” a grain dealer in Ohio
The shift is so incredibly sharp, many vendors can’t agree with grocers on pricing, pushing them to put their business on hold...
Comment, Op/Ed

Comment: Dear Ottawa, help!

Food prices are climbing at a record pace in Canada and around the world

By
It wasn’t a good week if you’re a consumer on a tight budget and that group includes most of us. Consumers are under attack right now, literally. We’ve just learned that Canada’s food inflation rate was at a record 9.7 per cent in May. Everyone is noticing higher food prices, and no section of the
Synthetic fertilizers have greatly enhanced crop yields and are rightly credited with helping to feed the world, but their use is not evenly spread around the world.
Comment, Op/Ed

Comment: Fertilizer crisis shows need for new way

Fertilizer prices are soaring – and that’s an opportunity to promote more sustainable ways of growing crops

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Farmers are coping with a fertilizer crisis brought on by soaring fossil fuel prices and industry consolidation. The price of synthetic fertilizer has more than doubled since 2021. This crunch is particularly tough on those who grow corn, which accounts for half of U.S. nitrogen fertilizer use. The National Corn Growers Association predicts that its
A view of Ceres Global Ag’s Northgate, Sask. facility as seen from its fertilizer shed in 2018. (Grainews photo by Lisa Guenther)
Crops, Markets

Ceres pulls plans for Saskatchewan canola crush plant

U.S. company suspends project citing higher-than-projected costs

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U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed
(Noel Hendrickson/DigitalVision/Getty Images)
Dairy cattle, Livestock, Markets

Mid-year farm gate price hike approved for milk

Processors say incremental hike may soften impact on consumers

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A request from Canada’s dairy farmer organization for an unscheduled increase in the current farm gate price for milk, to help farmers catch up with steep rises in their costs of production, has been granted. The Canadian Dairy Commission said Tuesday it will recommend that the farm gate price for milk be increased effective Sept.

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