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Canadians to spend $801 more on food in 2025 as climate, Trump affect prices: report

Darpan News Desk The Canadian Press, 05 Dec, 2024 10:51 AM

A new report says a Canadian family of four can expect to spend up to $801 more on food in 2025 than they did this year.

The report by experts at four Canadian universities says food prices are likely to rise between three and five per cent next year.

The report's authors say there are some wild cards that could drive food prices higher next year, including climate change-related severe weather and the return of Donald Trump to the White House.

The former president's threat of tariffs has already had the effect of weakening the Canadian dollar, which is driving up prices for Canadian food importers.

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