As an “unlikely alliance” between Canada’s independent grocers and the country’s three largest chains is forming, a Liberal MP is arguing that shoppers need more competition amid soaring food prices and accusations that grocery stores are at fault for higher food inflation.

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Grocery CEOs defend ‘reasonable profitability’ in grilling over soaring food costs

Galen Weston, CEO of Loblaws, testified before a parliamentary committee on Wednesday that “reasonable profitability is an important part of operating a successful business,” as the country’s three largest chains insisted that they are not profiting off soaring food inflation and are doing everything they

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LONDON — Russia’s invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency.

Below are five charts that show how Europe’s biggest conflict since World War Two has shaped global financial markets in the last 12 months.

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Your grocery bill is much higher than it used to be.

The latest inflation numbers from Statistics Canada show that while overall inflation fell to 5.9 per cent in January, food prices are up 10.4 per cent compared to last year. That number is up slightly from December’s 10.1 per cent.

“Since the onset of the COVID-19 pandemic, many factors have impacted prices at the grocery store, such as supply chain disruptions, labour shortages, changes in consumer purchasing patterns, poor weather in some growing regions, tariffs, higher input costs and higher wages,” StatsCan said in a Nov. 2022 report about 

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Ollie Williams

The rate of inflation in Yellowknife is easing but the cost of food is an exception, continuing to rise at more than 10 percent a year.

More broadly, the cost of living in the city – as measured by the consumer price index – rose 6.3 percent between January 2021 and January 2022, the NWT Bureau of Statistics said on Tuesday.

That represents a gradual slowing of Yellowknife’s annual inflation rate, which had

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Rising food costs mean everyone is paying more to make meals — including the people coming up with recipes.

Cookbook author and TV host Mary Berg says a combination of rising food prices and concerns about the economy have “put the pedal to the metal for everybody” when it comes to people thinking about what they spend on groceries.

“People don’t cook at home to spend money,” said Berg, who’s adjusting her own grocery shopping habits based on changing prices.

She and other food writers are also carefully considering what truly needs to be in a recipe — and how

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Russia's exit from grain deal could raise food prices: U.N.

Asia-Pacific could face higher prices of grains and meat after Russia suspended a U.N.-brokered deal that had allowed safe grain shipments out of the Black Sea.

Over the weekend, the Russian foreign ministry said it “can no longer guarantee the safety of civilian dry cargo ships participating in the Black Sea Grain Initiative and will suspend its implementation from today for an indefinite period.” This followed an Ukrainian attack on its fleet in Sevastopol.

Meat production and consumption are key in Asia and for many Asian countries, grains such as wheat, corn, and soybeans are needed for animal feed to

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