The food sector has never been recession-proof. But COVID-19 may show us that it’s immune to deflationary pressures
Despite a negative inflation rate overall, recent Statistics Canada numbers tell us we’re in for a wild ride at the grocery store. While the general inflation rate sits at -0.2 per cent, the food inflation rate is at 3.4 per cent. In December, Canada’s Food Price Report predicted a food inflation rate of about 4.0…
Alberta’s inflation rate held steady at 1.3 per cent in September compared to 1.9 per cent nationally, according to data released Wednesday by Statistics Canada. The federal agency said British Columbia had the highest year-over-year change in prices at 2.4 per cent while Newfoundland and Labrador had the lowest rate at 0.5 per cent. The…
Modern monetary theory advocates argue the government should have a magic wand to conjure up money out of thin air.
Left to their own devices, politicos every now and then come up with a theory that allows them to promise free lunches. Modern monetary theory (MMT) is all the rage in the United States and Canada among starry-eyed social engineers who see no limits to their intervention. Rather than arising from academic inquiry, debates concerning…
Consumer prices in Alberta rose at a much slower pace year over year than the Canadian average, according to a report released on Wednesday by Statistics Canada. The federal agency said the annual inflation rate in the province in July was 1.3 per cent, while it was 2 per cent for all of Canada. “In…
Energy prices fell across the country in June, led by big declines in Alberta
The annual rate of inflation in Alberta was lower than the Canadian average in June, according to data released on Wednesday by Statistics Canada. The federal agency said the consumer price index (CPI) in the province rose 1.4 per cent year over year, down from a 2.3 per cent increase in May. Across Canada, the…
But economist warns we can't discount the relatively broad-based nature of price growth
Alberta’s annual inflation rate of 2.3 per cent was lower than the Canadian average in May, according to Statistics Canada. The federal agency reported on Wednesday that nationally the consumer price index rose 2.4 per cent on a year-over-year basis. On a monthly basis, consumer prices in Alberta rose 0.2 per cent from April while…
But a TD economist says national inflation remains well contained and is likely to remain so over the foreseeable future
Consumer prices in Alberta rose in April higher on an annual basis than the Canadian average, according to data released by Statistics Canada on Wednesday. The federal agency reported that the Consumer Price Index in Alberta was up 2.2 per cent from April 2018 while the Canadian average was two per cent. Both the Alberta…
Higher prices for gasoline and natural gas mostly to blame, according to StatsCan
The annual inflation rate increased in every province in March but price growth in Alberta (+2.3 per cent) was higher than the Canadian average (+1.9 per cent), says Statistics Canada. The federal agency reported on Wednesday that “the gains in these provinces were led by higher prices month over month for gasoline, as well as…
More than a third of Alberta’s restaurants are considering closing their doors, according to a Restaurants Canada survey. In a news release issued on Monday, the organization said the survey reveals the need for government policy changes to help foodservice operators recover from recent changes to provincial labour legislation. “When restaurants struggle, so do the…
When you need to find savings in your business, look at the areas of systems, energy, people and inventory
I was eating breakfast with my son Caleb the other day and noticed he left his crusts on the plate. “Caleb,” I said, “do you know how many kids in the world would beg for scraps of food like you’re wasting?” Watching him made me remember my parents’ reminders about the millions of starving children…