Canada's food prices to rise in 2017

Food prices are expected to increase above the acceptable inflation rate, Dalhousie Univ. said in its 7th edition of Canada’s Food Price Report. The report forecasts food prices to rise between 3 percent and 5 percent. This translates to a potential increase of C$420 in Canadian family food expenses in 2017.“The biggest factor will be the falling Canadian dollar,” explained Sylvain Charlebois, Ph.D., lead author of the report and Dean of the Faculty of Management at Dalhousie Univ. “Given how many food products we import from abroad our food economy is vulnerable to currency fluctuations.