Food prices in Canada are projected to rise by four to six percent in 2026, driven largely by increasing beef prices, which may increase by seven percent due to a shrinking cattle supply and ranchers exiting the industry. The report from Dalhousie University indicates that tighter beef supply is expected until 2027, while prices for chicken and pantry staples will also rise. Approximately a quarter of Canadians are food-insecure, with food banks experiencing a significant increase in clients. Consumers are already feeling the financial strain, prompting some to cut back on meat purchases.
Want More Context? 🔎
Loading PerspectiveSplit analysis...
