| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

Stronger loonie eases Canadian food prices

Zoom in font  Zoom out font Published: 2016-05-25  Views: 3
Core Tip: Earlier this year, we posted a number of articles on Canada's high grocery prices, which were caused by the loonie falling against the US dollar. Now the loonie is bouncing back, reports the Huffington Post Canada, so the pressure is being taken off food
 Earlier this year, we posted a number of articles on Canada's high grocery prices, which were caused by the loonie falling against the US dollar. Now the loonie is bouncing back, reports the Huffington Post Canada, so the pressure is being taken off food prices — at least for the moment.
 
Statistics Canada reported Friday 20 May that fruit, vegetables and meat — three items that are sensitive to changes in the dollar’s value — all declined in price in April.
 
Fresh fruit fell by 3.5 per cent and fresh vegetables were down 5.4 per cent. Overall food prices were down 0.5 per cent.
 
But due to rapid price growth in previous months, prices on those items are still up from a year ago. Fresh fruit is 11 per cent more expensive than a year ago, while vegetables are up 11.7 per cent.
 
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)