As the war in Ukraine rages on, experts predict higher food prices for Canadians
Global News
In Canada, the cost of living is on an upward spiral – with gas prices reaching record highs and the cost of food getting pricier with every trip to the grocery store.
In Canada, the cost of living is on an upward spiral with gas prices reaching record highs and food getting pricier with every trip to the grocery store.
“It’s just not something we’ve ever experienced in at any time in our past,” Dan McTeague, president of Canadians for Affordable Energy, said on the Roy Green Show.
And with no end in sight to the war in Ukraine, incited by Russian President Vladimir Putin on Feb. 24, prices aren’t expected to go down anytime soon, experts say.
Gas prices were the the first to soar nationwide. Food prices are expected to follow suit.
In the next three to five months, Canada will see the prices of grain-based products rise. Next, animal proteins, according Sylvain Charlebois, Director at Agri-Foods Analytics Laboratory and professor at Dalhousie University.
“Meat counter products, followed by dairy,” he specified.
“It really depends on two things: How long this conflict lasts and how China will react because China is a big part of this,” Charlebois added, noting China’s influence on the global market.
Prices in Canada, both gas and food, will remain dependent on the conflict to the east, he said.
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