Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
Tag Archives Inflation
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
No silver bullet for food price inflation
The causes might not be what you think they are
Canadian food price inflation has many causes, but grocers gouging customers isn’t one of them, Michael von Massow of the University of Guelph said during the Fields on Wheels conference hosted by the University of Manitoba Dec. 14. Even the carbon tax hasn’t had much impact, according to the associate professor of food economics.
Opinion: Getting grocers off the naughty list
The federal government should show strong leadership and make the grocer code of conduct mandatory
Canada’s Food Price Report for 2024, released by Dalhousie University, the Universities of Guelph, Saskatchewan, and British Columbia, has unveiled a nuanced and complex landscape of the nation’s food pricing. This landscape is underpinned by diverse factors that extend beyond the supermarket shelves. The report predicts that food prices will increase by as much as
Interest rate relief on the horizon: FCC
Latest U.S. Federal Reserve pronouncement heightens consensus that the worst of inflation and interest rate shocks is over
[UPDATED: Dec. 29, 2023] Canada’s largest agricultural lender says Canadian farmers can expect to see interest rate relief in the coming year. In a macroeconomic snapshot released in December, Farm Credit Canada said it expects to see rate cuts totalling 75 basis points (three quarters of a per cent) in the latter half of 2024.
Opinion: Let’s give the grocery theatrics a rest in 2024
Grocers made convenient punching bags, but that’s not how solutions are found
In an era when food inflation has become a contentious political issue, it’s tempting for politicians to target the grocery industry. Sadly, that’s exactly what transpired in our country this year, and it was both absurd and embarrassing. The government and Parliament relentlessly hounded grocers, drowning out the opportunity for Canadians to truly comprehend the
Report sees Canadian food inflation abating through 2024
Project lead Sylvain Charlebois sees return to inflation “sweet spot” by year-end
Glacier FarmMedia – 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,” says Canada’s Food Price Report 2024, an
Inputs strike sour note on farm cash receipt rise
Farm cash has been flowing in fast, but it’s been flowing out fast too
Manitoba farm groups were unsurprised by a recent Statistics Canada report into last year’s farm income, which flagged increased farm cash receipt and higher input costs. After all, Keystone Agricultural Producers director Chuck Fossey noted, it’s almost the end of 2023. Farmers lived those price trends and have seen how things carried into this year. “We
Canadian food inflation to slow through 2024, report says
More certainty has brought an uptick in grocer promotions, but consumers are struggling
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.
Manitoba lags national foodservice recovery
Keystone province sees provincial sales decrease, says FCC
Food service sales in 2023 have been steady compared to 2022 in all provinces except Manitoba, which saw a drop of one percent, says a report from Farm Credit Canada. The report says sales in 2023 are back to pre-pandemic levels but below the pre-pandemic trend in most cases. Alberta leads all Canadian provinces with
Cyber-Savvy Farmer
