inflation

Walmart Canada CEO Gonzalo Gebara spoke before the parliamentary committee on food inflation on March 27, 2023. Customers shop for food at Walmart in Salem, N.H., Monday, June 5, 2017. THE CANADIAN PRESS/AP-Elise Amendola

Walmart Canada CEO says retailer not trying to profit from inflation

Gonzalo Gebara told MPs Walmart Canada’s gross profit rate for its food business declined last year

 

A woman shops for produce in Vancouver, on Wednesday, July 20, 2022. Food inflation appears to be easing in Canada but experts say consumers shouldn’t expect lower prices at the grocery store. THE CANADIAN PRESS/Darryl Dyck

Food inflation in Canada shows signs of easing, but grocery prices to remain high

Prices are rising less quickly, signalling worst of grocery price hikes could be behind us

 

The provincial government is touting various programs designed to fight inflation kicking in April 1. Inflation for various products including groceries remains but is dropping. THE CANADIAN PRESS/Darryl Dyck

B.C. families to see last topped up benefit payment before permanent increase in July

New B.C. Affordability Credit worth $500 million kicks in April 1 among other programs

 

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Canada’s inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget. THE CANADIAN PRESS/Sean Kilpatrick

Inflation is easing but Ottawa faces pressure to help those who have fallen behind

Canada’s inflation rate likely took another dip last month, but with many…

Statistics Canada building and signs are pictured in Ottawa on Wednesday, July 3, 2019. Canada’s inflation rate likely took another dip last month, but with many Canadians still struggling with the cost of living, the federal government is facing pressure to deliver more help in the upcoming budget. THE CANADIAN PRESS/Sean Kilpatrick
Jaye Murray, manager of Sources’ South Surrey food bank, says the number of clients relying on the food bank has increased by about 47 per cent since the COVID-19 pandemic. (Tracy Holmes/file photo)
Jaye Murray, manager of Sources’ South Surrey food bank, says the number of clients relying on the food bank has increased by about 47 per cent since the COVID-19 pandemic. (Tracy Holmes/file photo)
file photo

Businesses expect slower sales in short term as cost, labour issues persist: survey

Canadian Chamber of Commerce research shows one-third of companies expect to raise prices

file photo
People shop for produce and seafood in Vancouver, on Wednesday, July 20, 2022. A new report by RBC says Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip. THE CANADIAN PRESS/Darryl Dyck
People shop for produce and seafood in Vancouver, on Wednesday, July 20, 2022. A new report by RBC says Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip. THE CANADIAN PRESS/Darryl Dyck
(File photo)

Grocery store CEOs will face questions on food prices at Commons committee today

Top brass from Sobeys, Safeway and FreshCo scheduled to testify before MPs

(File photo)
Lettuce is bagged for delivery during a United Way BC “Food Hub” event in Vernon. (Submitted photo)

Surrey a launch city for new Food Link app powered by volunteer food-delivery drivers

United Way BC aims to tackle food insecurity in the province

Lettuce is bagged for delivery during a United Way BC “Food Hub” event in Vernon. (Submitted photo)
Michael H. McCain, Executive Chair of the Board and CEO of Maple Leaf Foods Inc. speaks with Mathieu Frigon, President and CEO of Dairy Processors Association of Canada as they wait to appear as witnessnes at the Standing Committee on Agriculture and Agri-Food (AGRI) investigating food price inflation in Ottawa on Monday, March 6, 2023. THE CANADIAN PRESS/Spencer Colby

Amid high inflation, MPs should push grocer CEOs to disclose margins on food: experts

Report: 3 largest grocers had higher profits in first half of 2022 compared to 5-year averages

Michael H. McCain, Executive Chair of the Board and CEO of Maple Leaf Foods Inc. speaks with Mathieu Frigon, President and CEO of Dairy Processors Association of Canada as they wait to appear as witnessnes at the Standing Committee on Agriculture and Agri-Food (AGRI) investigating food price inflation in Ottawa on Monday, March 6, 2023. THE CANADIAN PRESS/Spencer Colby
As the cost of food continues to rise, grocery chains in Canada are reportedly making record profits. It’s time for the CEOs of these companies to explain themselves, says the federal New Democratic Party. (Unsplash photo)

OFF TOPIC: Bread or cake, the rising cost of food is giving me indigestion

How do grocery chain CEOs square skyrocketing prices with massive profits?

As the cost of food continues to rise, grocery chains in Canada are reportedly making record profits. It’s time for the CEOs of these companies to explain themselves, says the federal New Democratic Party. (Unsplash photo)
People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes

MPs summon big grocery store CEOs to testify in Ottawa about food price inflation

Members of Parliament have summoned the heads of Canada’s largest grocery store…

People shop in a grocery store in Montreal, Wednesday, November 16, 2022. The CEOs of Canada’s largest grocery store chains have been summoned to a House of Commons committee to answer for rising grocery prices. THE CANADIAN PRESS/Graham Hughes
Students on UVic campus in Victoria. (Austin Westphal/News Staff)

Desperate B.C. students raiding dumpsters, using food banks and bartering for meals

Students at the University of Victoria are experiencing a hike in food insecurity, with little help

Students on UVic campus in Victoria. (Austin Westphal/News Staff)
Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul

How much Canadians have fallen behind amid high inflation and who’s hurting the most

A closer look at how the climbing cost of living is affecting people across the country

Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)

B.C. seniors – and parents – skipping meals as ‘sticker shock’ from food inflation hits

Greater Victoria residents open up about financial struggles and their sacrifices

Victoria seniors are struggling to afford food due to rising costs. (Pexels photo)
Higher grocery prices are expected to hit some stores in Canada soon as a blackout on price increases over the holiday season comes to an end. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
Higher grocery prices are expected to hit some stores in Canada soon as a blackout on price increases over the holiday season comes to an end. A person leaves a Toronto supermarket with groceries on Wednesday, Oct. 5, 2022.THE CANADIAN PRESS/Alex Lupul
People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby

Despite inflation slowing in December, Bank of Canada still expected to hike rates

Inflation rate peaked in the summer at 8.1 per cent and has been slowly decelerating since

People make their way around the Rideau Center shopping centre on Boxing Day in Ottawa, on Monday, Dec. 26, 2022. Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation.THE CANADIAN PRESS/Spencer Colby
The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick

More businesses expect sales to slip as high inflation, rates weigh on spending: BoC

72 per cent of consumers expect a recession in the months ahead

The Bank of Canada is shown in Ottawa on Tuesday, July 12, 2022. The Bank of Canada will release its business outlook and consumer expectations surveys this morning.THE CANADIAN PRESS/Sean Kilpatrick
Wedding rings sit on a table in Memphis, Tenn. on March 22, 2015. THE CANADIAN PRESS/AP-Karen Pulfer Focht

50 guests or less: Couples opt for micro-weddings amid inflation

Aim is creating something intimate, personalized and fun, instead of stressful and budget-breaking

Wedding rings sit on a table in Memphis, Tenn. on March 22, 2015. THE CANADIAN PRESS/AP-Karen Pulfer Focht
A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. THE CANADIAN PRESS/Justin Tang

Canada’s annual inflation rate fell slightly to 6.8% in November

Grocery prices, however, climbed at a faster rate in November — 11.4%

A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. THE CANADIAN PRESS/Justin Tang
Pop-up banner image