Study Shows Food Prices Likely To Go Up

As estimated by researchers at Dalhousie University in Halifax, the increase of food prices will cause an additional $420 to the yearly expenses of every average Canadian household.

Based on the study, it revealed that the effect of Trump becoming president as well as the decreased value of currency, adds to costs going up for families, which will cause the price of food to likely increase more than 4 per cent.

The good news is, not everyone will be doomed. The report also mentioned that for those living in Quebec, Newfoundland and Labrador, New Brunswick, Manitoba and Alberta will be lucky enough to escape from the price increase on food, and those areas could also experience food prices to be lowered.


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