The Bank of Canada hiked its key interest rate yet again on Wednesday morning, bringing it to 3.75 per cent and continuing one of the fastest monetary policy tightening cycles in its history amid warning signs of a potential recession. Here’s how we got here: Oct. 24, 2018: The Bank of Canada’s key interest rate […]
Canada’s competition watchdog is launching a study to examine whether the highly concentrated grocery sector is contributing to rising food costs. “With inflation on the rise, Canadian consumers have seen their purchasing power decline,” the Competition Bureau said in a news release Monday. “This is especially true when buying groceries. In fact, grocery prices in […]
Four in five Canadians say they are cutting back on spending, delaying big purchases, driving less, and putting fewer dollars away for a “rainy day” . According to the poll released today by Angus Reid more than half of Canadians says they couldn’t handle a sudden expense of more than one thousand dollars. 38 percent […]
KYIV, Ukraine (AP) — A ship approached Ukraine on Friday to pick up wheat for hungry people in Ethiopia, in the first food delivery to Africa under a U.N.-brokered plan to unblock grain trapped by Russia’s war on Ukraine and bring relief to some of the millions worldwide on the brink of starvation. For months, […]
After going two years without the full Queen City Ex experience, it seems people returned to the fairgrounds at the REAL District in large numbers. Amidst the hustle and bustle of workers and vehicles taking down the fair’s rides and other stages, REAL president and CEO Tim Reid shared the record numbers the QCX generated […]
The potash industry in Saskatchewan is ramping up production to meet growing demand amid concern about global food security. Saskatchewan is positioning itself to fill market gaps left by sanctions placed on Russia and Belarus. Nutrien will be ramping up potash capability to 18 million tons by 2025, a jump of more than 5 million […]
Just like others across the country, demand is up at the Regina Foodbank. A new survey from Food Banks Canada suggests lower-income households are struggling the most to put meals on the table as the price of food, gas and housing increases. There are a few reasons for the uptick according to Regina Foodbank CEO, […]
Canada’s food professor has a dire warning about the world food supply this year. Sylvain Charlebois says the pandemic and the Russian invasion of Ukraine have resulted in short supplies of wheat and many other commodities in the world. He says more than 100 million more people will suffer famine or acute hunger by the […]
A new report from Regina-based FCC says the Canadian food manufacturing industry had a booming year in 2021. Farm Credit Canada chief economist J.P. Gervais says food manufacturing sales rose almost 15 percent last year and are expected to jump 7.4 percent this year. He says vegetable oil, notably canola, has had a strong year. […]
A new study says Canadians may have thrown away close to 550-million dollars of food at home since September. The Agri-Food Analytics Lab at Dalhousie University surveyed 15 hundred Canadians from across the country. 63 percent said they have had to throw away food prematurely at least once in the last six months. Topping the […]
