|
More than five months into the pandemic, we can start to see how life will look on the other side. At the grocery store, some changes will disappear while others will stay with us for the foreseeable future. Food is getting more expensive everywhere, including Canada. Products like beef have gone up by as much as 20 per cent since January. We are expecting food prices to increase by four per cent. Additional costs to do anything these days are too much for farmers, processors and distributors to absorb. Financial results were impressive for the first few quarters, to be sure, but sunny days for food companies will not last.
|