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Russia ending Ukraine grain deal that helped prevent world food shortage
Russia says it will let a wartime deal that allows Ukraine to export grain via the Black Sea to expire. The UN says the arrangement helped keep food prices down and feed the world's poorest countries.
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Demonstrators in Bangladesh call for government's resignation
Opposition protesters in Bangladesh are demanding the resignation of the government because of rising food prices.
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Canadian inflation falls to 2-year low, but costs remain high
Canadian consumers are hoping for some relief as inflation drops to 3.4 per cent, the lowest it's been since 2021, but food and mortgage costs continue to soar, which could mean another interest rate hike is possible.
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Inflation falls to 2-year low, but costs remain high
Canadian consumers are hoping for some relief as inflation drops to 3.4 per cent, the lowest it's been since 2021, but food and mortgage costs continue to soar, which could mean another interest rate hike is possible.
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Egg Prices See Largest Monthly Decline in 72 Years
The price of one kitchen staple is dropping at a historic rate. In May, egg prices had their largest monthly decline in 72 years. Ricky Richardson, CEO of South Carolina-based Eggs Up Grill, joined Cheddar News to discuss the state of...
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Grocery chain leaders push back at price-gouging allegations
At a committee hearing in Ottawa this week, the heads of Loblaw, Metro and Empire Foods faced tough questions from parliamentarians about why food prices continue to skyrocket. All three pushed back forcefully against allegations they...
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Loblaw customers angry about receipt checks
Loblaw customers are disgusted by signs posted in stores that say customers must be prepared to show their receipts to validate their purchases. Some say it adds insult to injury with inflated prices and call the search of bags an...
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Alberta party leaders target voters' wallets in final election pitches
UCP leader Danielle Smith and Alberta NDP leader Rachel Notley make their final pitches to undecided voters. Both are focused on affordability and easing inflation — one through forbidding tax increases while the NDP wants to cap utility...
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Declining Food Costs Linked to Drop in Producer Price Index
New Bureau of Labor Statistics Point to Declining Food Prices
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Galen Weston stepping down as Loblaw president
Galen Weston is stepping aside as president of Loblaw. But he's staying on as chair of the company's board and CEO of the grocery chain's parent company.
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Canada’s inflation is still climbing, but more slowly
Canada's inflation rate slowed to 4.3 per cent in March, largely due to the cost of gas and a slowdown in climbing food prices. But as inflation starts to move toward a more manageable level, other factors are feeding economic uncertainty.
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Loblaw CEO earned an additional $1.2M as grocery prices rise
Grocery CEO Galen Weston, earned an additional $1.2 million from Loblaw last year, something that’s not sitting well with some Canadians struggling to pay for groceries. But the company says an outside contractor determined Weston was...
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Data Shows World Food Prices Fell for 12th Straight Month
For the 12th straight month, global food prices fell, according to the Food and Agriculture Organization.
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Dollarama profits soar as cash-strapped shoppers search for deals
Sales at discount chain Dollarama have jumped by close to 17 per cent as financially strapped Canadians search for bargains amid high inflation. But the bargain store chain hasn’t been immune to inflation either and is facing some stiff...
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Good2Know: Dollar Stores Sell Groceries & Flip Phone Nostalgia
Here are the headlines from Cheddar News that are Good 2 Know.
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World Food Prices Down 18% Since March
World food prices fell in January for the 10th straight month, according to data.
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Bank of Canada hikes interest rates again to 4.5%
The Bank of Canada is raising interest rates again, bumping it to 4.5 per cent. This marks the eighth increase in less than a year, leaving some homeowners scrambling to keep their mortgages.
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Food prices soar as inflation rate drops
Food prices in Canada continue to soar, while lower gas prices contributed to a drop in the country's inflation rate in December.
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Some food banks see up to 40% increase in usage
Food banks are continuing to cope with a surge in demand due to rising food prices, with little hope of relief in sight. In Manitoba, the province’s largest food bank says it's seen a 40 per cent increase in clients in the last year alone.
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Lebanon inflation soars as economy hit by war in Ukraine
Lebanon ranks second in a World Bank assessment of countries hardest hit by global food price inflation.
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Food banks struggling with unprecedented demand during holidays
Food banks in Canada say they're struggling to keep up with an unprecedented demand they say they can’t sustain long-term, prompting some advocates to call for for systemic changes to address poverty and food insecurity.
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Taking a Deeper Look Into Rising Prices This Year
Cheddar News takes a deep look into rising prices across all sectors this year.
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Bank of Canada raises benchmark interest rate to 4.25%
The Bank of Canada again raised its key lending rate to 4.25 per cent in its efforts to bring down inflation. After seven rate hikes this year, some homeowners with variable-rate mortgages are nearing their breaking points.
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Report predicts grocery bill for family of 4 will go up by $1,000 in 2023
The 2023 Food Price Report predicts that grocery costs will rise up to seven per cent in 2023, or an increase of about $1,000 for a typical family of four.