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  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Why Food Prices at Grocery Stores in Canada are Rising in February

 

As Canadians head to their local grocery stores, they may notice a pinch in their wallets. Food prices have been on the rise, and there are several reasons behind this trend.

1. Supply Chain Disruptions

Since the onset of the COVID-19 pandemic, supply chains have faced disruptions worldwide. From transportation delays to labor shortages, these challenges have impacted the availability and cost of food products. When supply chains falter, prices tend to climb.

2. Labor Shortages and Higher Wages

Labor shortages have affected various industries, including agriculture and food processing. As businesses struggle to find workers, wages have increased. These higher labor costs are eventually passed on to consumers through higher food prices.

3. Tariffs and Trade Policies

Trade tensions and tariffs between countries can impact the cost of imported goods. Canada’s trade relationships and agreements play a role in determining the prices of items on our grocery shelves. Changes in trade policies can lead to fluctuations in prices.

4. Weather-Related Challenges

Poor weather conditions in growing regions can affect crop yields. Droughts, floods, or extreme temperatures can damage crops, reducing supply and driving up prices. Canadian farmers and importers face these weather-related challenges, impacting the affordability of food.

5. Anticompetitive Practices

Metro’s CEO recently mentioned that the company expected to pass on higher costs from suppliers as an industry-wide blackout period for price hikes came to an end. While some price adjustments are necessary, anticompetitive practices can exacerbate the situation.

In summary, a combination of supply chain disruptions, labor shortages, trade policies, weather-related issues, and anticompetitive practices has contributed to the rising food prices in Canada. As consumers, it’s essential to stay informed and make informed choices while navigating the grocery aisles.

Remember, the next time you reach for that loaf of bread or a bunch of bananas, you’re not just buying food—you’re also paying for a complex web of global factors that influence the cost of your groceries. 

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