National

Grocery And Restaurant Costs To Gobble Up Your Budget Next Year, Study Says

The Canadian Press, 10 Dec, 2015 11:16 AM

GUELPH, Ont. — A new report says the average household in Canada will spend $8,631 on groceries and restaurant meals next year, up by $345 because of food inflation.

The University of Guelph's latest forecast estimates that food inflation could be between two and four per cent in 2016 — compared with 4.1 per cent this year.

The school's Food Institute estimates food inflation in 2015 cost the average Canadian household an extra $325 this year.

The Food Institute says a combination of factors are pushing up prices, including the impact of climate change and the high value of the American dollar, which increases the price of imports from the United States.

The latest Statistics Canada data shows overall consumer prices were up one per cent in the 12 months to October, with a decline in fuel prices offsetting increases in most other spending categories.

Prev Next

MORE National ARTICLES

Liberals To Proceed With Tax Cut For Middle Earners, Higher Rate For Richest

The government will introduce a motion today in Parliament that will slash the income-tax rate on Canadians earning between $44,700 and $89,401 per year.

Liberals To Proceed With Tax Cut For Middle Earners, Higher Rate For Richest

Flooding Prompts B.C. First Nation Community To Declare State Of Emergency

PORT ALBERNI, B.C. — A First Nations community on Vancouver Island has declared a state of emergency as rising water levels threaten to flood as many as two dozen homes.

Flooding Prompts B.C. First Nation Community To Declare State Of Emergency

Dollar Drops, Toronto Stock Exchange Plunges As Oil Plummets To Below US$38 A Barrel

The price of oil also dropped $2.25 to US$37.85 a barrel, falling to levels not seen since the 2008 financial crisis roiled world markets.

Dollar Drops, Toronto Stock Exchange Plunges As Oil Plummets To Below US$38 A Barrel

Critics Pan New Bill That Raises Jaywalking Fines To Nearly $700 In Nova Scotia

HALIFAX — A bill that increases the fine for jaywalking in Nova Scotia to nearly $700 is being roundly criticized by active transportation advocates and pedestrians alike.

Critics Pan New Bill That Raises Jaywalking Fines To Nearly $700 In Nova Scotia

Canada's Beef, Pork Sectors Cheer Wto Decision In Meat Labelling Dispute

OTTAWA — Canada's beef and pork sectors are welcoming a World Trade Organization ruling that allows Canada and Mexico to impose $1 billion in annual tariffs on U.S. products.

Canada's Beef, Pork Sectors Cheer Wto Decision In Meat Labelling Dispute

ISIL Are 'Rerrible Terrorists,' But Justin Trudeau Says CF-18s Will Still Come Home

Interim Conservative leader Rona Ambrose says the extremists who have overrun vast swaths of Syria and Iraq are part of a death cult that sells women and children into sexual slavery and murders religious minorities.