Latest news with #StatisticsCanada
Yahoo
2 hours ago
- Business
- Yahoo
Prices on thousands of grocery items to rise despite tariff break, says Loblaw
Relaxed tariff rules are easing some concerns about prices, but consumers should still expect to pay more for food, says Loblaw Cos. Ltd. Last month, the Canadian government announced a six-month tariff reprieve for items used in food and beverage processing, manufacturing and packaging. Loblaw said the policy and a stabilized loonie are helping to reduce the risk of a sharp spike in food prices, but thousands of items are still expected to cost more. 'Tariffs remain on food products imported from the U.S. like produce, rice, pasta, dairy and coffee, as well as health and wellness products including soap, shampoo and cosmetics,' the company said in a recent Food Inflation Report. 'In a conventional grocery store, there can be upwards of 80,000 items, and consumers can expect tariff-related increases on approximately 6,000, about half of which are food.' The grocery chain earlier this month also warned that food prices could surge as pre-tariff inventory runs out, and it has added a 'T' symbol to products affected by tariffs. Loblaw said it and other grocers are looking at sourcing tariff-vulnerable items from other countries to mitigate price impacts. Grocery price increases outpace overall inflation Egg prices fall to $5 a dozen in the U.S. Food inflation reached 3.8 per cent in April, surpassing the overall consumer price index of 1.7 per cent, according to Statistics Canada data. • Email: bcousins@
CTV News
5 hours ago
- Business
- CTV News
Promotions, tariffs, price hikes: What's driving your grocery bill
Despite the annual pace of inflation cooling last month, Statistics Canada says consumers continue to pay higher costs for groceries as food prices rose faster in April than they did the previous month. A sign advising that products from the U.S. affected by a tariff will be marked with a symbol at the shelf is seen beside a display of Canadian products in a grocery store in Ottawa, on Wednesday, April 2, 2025. THE CANADIAN PRESS/Justin Tang
Canada Standard
13 hours ago
- Business
- Canada Standard
Canada's GDP increases 0.1 pct in March
Xinhua 31 May 2025, 01:15 GMT+10 OTTAWA, May 30 (Xinhua) -- Canada's real gross domestic product (GDP) by industry edged up 0.1 percent in March after contracting 0.2 percent in February, Statistics Canada said Friday. The goods-producing industries aggregate led the growth, driven by a rebound in the mining, quarrying, and oil and gas extraction and construction sectors in March, said the national statistical agency. According to the agency, real GDP by industry continued expanding with 0.4 percent increase in the first quarter, following the same increase in the previous quarter. Goods-producing industries led the increase for the first time since the first quarter of 2022. Services-producing industries increased for the 19th consecutive quarter. Advance information indicated that real GDP increased 0.1 percent in April, said Statistics Canada.
Yahoo
13 hours ago
- Business
- Yahoo
Net farm income down in Alberta, across Canada for 2024
Data from Statistics Canada shows total net income for Canadian farmers dropped by about 41 per cent last year. Alberta Canola said higher operating costs and lower crop prices are taking a toll on producers.
CBC
13 hours ago
- Business
- CBC
Net farm income down in Alberta, across Canada for 2024
Data from Statistics Canada shows total net income for Canadian farmers dropped by about 41 per cent last year. Alberta Canola said higher operating costs and lower crop prices are taking a toll on producers.
