StatCan updates CPI basket to increase food weighting in inflation calculationCanadians spending more on groceries and dining out. Bank of Canada cuts key interest rate for first time in more than four yearsCanada’s annual inflation rate has shown steady decline in recent months. Canada’s economy grew modestly in the first quarter of this year Statistics Canada says economy grew at 1.7%, powered by a modest increase in household spending. Canada’s inflation rate falls to 2.7% in April as price growth slows across economy Slowdown was led by food prices, services and durable goods. Statistics Canada reports February retail sales down 0.1% to $66.7 billion Sales at gas stations and fuel vendors fell a little over 2%. Majority of Canadian still start their day with breakfast Dalhousie University, Agri-Foods Analytics Lab finds older Canadians still see breakfast as important while gen Z more likely to skip the morning meal. FCC finds moderate sales, improved margins for Canadian food and beverage manufacturers 2024 is expected to see sales moderate in sync with slowing inflation and tighter household budgets. Ontario and federal minimum wages increasing Ontario's minimum wage will rise later this year to $17.20 an hour. C-store foodservice is a silver lining in today's market Costs, inflation and the opportunity for c-store foodservice. Statistics Canada reports retail sales down in January as new car sales fell However, core retail sales are up, offering a bright spot. First Previous 4 5 6 7 8 Next Last
