Food costs in Canada are rising. Especially vegetables. This is all because fall of Canada’s economy. The Canadian dollar has fallen making other food extremely expensive. Vegetable prices have gone up 18.2% since last year. The food prices exported from other countries are also more expensive. For example food coming in from the US. The exchange rate for
why are the cost of food going up so high?
the Canadian dollar to US money is only $0.75. So Canadians will have to pay more money if the product comes from a place where their money has a lower exchange rate than ours. To prevent this, it is best to buy locally grown foods to support local farmers and they tend to be less expensive than exported food.
Magazine / June,2016 4