Rise Seen in Canadian Food Prices

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Rise Seen in Canadian Food Prices

12/19/2016

The report forecasts a rise in food prices between 3 percent and 5 percent higher than last year's increase and considerably higher than the general inflation rate. For the average Canadian family, food expenses in 2017 could increase by as much as $420 (US $315).

Experts say a number of factors are contributing to the price increase, including the falling Canadian dollar and the upcoming Trump presidency. The new administration could create a period of U.S. protectionism aimed at improving domestic issues at the expense of the international community, impacting agricultural and seafood exports.