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Canada’s annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall. Statistics Canada released its July consumer price index report Tuesday, which shows price growth gained pace last month. This comes after inflation tumbled to 2.8 per cent in June, falling within the Bank of Canada’s target […]
Canadians eligible for the GST credit are expected to receive a special payment today to help with the rising cost of groceries. The payment, which the Liberal government is calling the grocery rebate, was promised in the spring budget to help Canadians cope with food inflation. The Canada Revenue Agency says approximately 11 million Canadians will receive […]
Canada’s grocery sector needs more competition to help keep food prices down and encourage new entrants, the country’s competition watchdog has found. In a highly anticipated study released Tuesday, the Competition Bureau said concentration in the grocery industry has increased in recent years and the largest grocers have grown the amount they make on food sales. Most Canadians buy […]
Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the wholesale price of bread in Canada for years. It’s the highest price-fixing fine ever imposed by a Canadian court, the Competition Bureau of Canada said Wednesday. The settlement is a significant milestone in the Competition Bureau’s ongoing investigation into alleged bread price-fixing […]
As we emerged from the cold frosty winter into the warmer days of spring, bears have been doing the same. Bears have emerged from their dens after a long winter’s nap, and they are looking for food. So its time again to talk about being “Bear Aware”. That includes making sure you don’t leave anything […]
McCain Foods has announced its largest investment ever in expanding a potato processing plant in Coaldale, Alberta. McCain will double the size of the plant at a cost of 600 million dollars. The plant employs 225 people and will create 260 new jobs. McCain Foods says the company will work toward a goal of […]
Saskatchewan’s agriculture industry has posted a third consecutive year of record agri-food exports. Agriculture minister David Marit says the total value of agri-food exports in 2022 reached 18.4 billion dollars. The leading agri-food export commodities last year were canola oil, wheat, canola seed, lentils, durum and dry peas. The top 5 international market destinations were […]