Shoplifting has surged to an alarming level across Canada, industry insiders say, with inflation and labour shortages cited as major factors behind the increase. The uptick has triggered concern among Canadian grocers even as the rise in food prices helps pad their bottom lines. Grocery prices were up 11 per cent year-over-year in October and […]
Canada’s competition watchdog is launching a study to examine whether the highly concentrated grocery sector is contributing to rising food costs. “With inflation on the rise, Canadian consumers have seen their purchasing power decline,” the Competition Bureau said in a news release Monday. “This is especially true when buying groceries. In fact, grocery prices in […]
Canadians saw the highest rate of inflation in 30 years last month. According to Statistics Canada, inflation rose to 4.8 per cent in December 2021, a number that hasn’t been seen since September 1991. Reasons for the increase were the COVID-19 pandemic, supply chain disruptions, rebounding energy prices, unfavourable weather conditions, and rising housing costs. […]
