Couche-Tard has a reputation of generating value by polishing hidden gems in companies like Carrefour
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…
No thought as to how it could put many Canadian families in a state of food insecurity by 2030
COVID-19 has had an impact on Canada’s food industry but, over time, resilience will prevail. However, the federal government’s pre-holiday announcement that it will increase the carbon tax to $170 per tonne by 2030 will have a long-term impact on consumers. Climate change is a real and significant problem. We need to act quickly, and…
From lab-grown meat to grocery store staff bonuses to the food-service crisis to gardening and cooking at home to panic buying
The year 2020 was as unusual as they get, with no shortage of stories. Some flew under the radar because of the pandemic but this list is based on how some food-related stories will probably have long-term implications, whether they were related to COVID-19 or not. At No. 10, the apparent end of Tim Hortons’…
Statistics Canada's recent September job market data is reassuring, overall. But for the agri-food sector, the reality is quite different. Overall, employment in the country increased in September, creating 378,000 jobs, the majority of which were full-time. This increase in September brought total employment to 720,000, shy of the level we had before the pandemic.…
Food inflation is on the way up, despite lower prices for other consumer goods. And COVID-19 has impacted incomes
Statistics Canada has confirmed what most of us knew already: Canada is becoming a hungrier place. According to a survey conducted by the federal agency in May, almost one in seven (14.6 per cent) Canadians indicated they lived in a household where there was food insecurity in the past month. In 2017-18, a similar survey…
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…
Don’t blame farmers for euthanizing animals and dumping milk. The entire food industry is to blame – and we get what we deserve
Millions of litres of milk are being thrown away, more than two million eggs are eliminated from the food chain, and pigs and chickens are being euthanized. There’s horror in the countryside. Throwing away good food when more than four million Canadians have lost their jobs is morally reprehensible. Farmers would be the first to…
Providing comfort and good health, dairy products will be found in the middle of pandemic-driven consumer changes
Before COVID-19, the Canadian dairy industry was struggling with its image and its focus. For a growing number of consumers, it had become old and boring, and more people were hesitant to trust what was happening in the dairy sector. Farming communities were clearly not ready for the new attitudes and values shared by many…
COVID-19 has meant some shortages at grocery stores. But overall, the supply chains developed over decades fill our needs
Even as COVID-19 has put much of the economy into shutdown and caused a run at grocery stores on some staples, most of us remain generally well-supplied with food. That’s something to be thankful for. It’s one of the significant wonders of the modern economic system that most people, very few of whom are directly…
While artificially inflated retail food prices are possible in Canada at any time, it’s highly unusual – even now
Even if they really haven’t had good reason, many Canadians have felt food insecure lately. Access to food has been a concern. Affordability is certainly a close second. Since the beginning of the COVID-19 crisis, consumers have occasionally taken to social media to report inflated prices by retailers. Even though the accusations were warranted in…
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…
