Top Business Headlines
 
 
 

January 29, 2022

 
 
Top news
 
Food prices in Canada are jumping – and it may get worse before it gets better
 

Nathan Denette/The Canadian Press

  Food prices in Canada are jumping – and it may get worse before it gets better
 

Matt Lundy

 
Economics Reporter
It’s not your imagination: Food is getting more expensive. Grocery prices have jumped 5.7 per cent over the past year, the sharpest increase in a decade. Bacon prices are up 19 per cent. Condiments have risen 10 per cent. And fresh fruit is up 5.6 per cent.
 
It’s not generally the sort of thing that gets the Bank of Canada’s attention. After all, higher interest rates can’t alleviate a cold snap in Florida that’s ruined produce. But on Wednesday, the central bank dedicated a chunk of its quarterly Monetary Policy Report to the issue – and the outlook isn’t all that encouraging.
 
“These increases in food prices will likely continue,” the bank said, adding those increases should remain above the historical average for the rest of the year. (From 2010 to 2019, the average 12-month increase in grocery prices was 2 per cent.)
 
 
Full Story
 
 
 
More stories below advertisement
 
 
 
Editor's picks
 
House prices draw Ontario buyers to Alberta
 

Todd Korol/The Globe and Mail

  House prices draw Ontario buyers to Alberta
 

Ximena Gonzalez

 
Full Story
 
In Ontario, the COVID-19 pandemic creates property tax winners and losers
 

Lindsay Lauckner Gundlock/The Globe and Mail

  In Ontario, the COVID-19 pandemic creates property tax winners and losers
 

Patrick Brethour

 
Tax and Fiscal Policy Reporter
 
Full Story
 
Economists around the world now expect higher inflation, slower growth in 2022
 

Thomas Peter/Reuters

  Economists around the world now expect higher inflation, slower growth in 2022
 

Shrutee Sarkar

 
Full Story
 
 
Latest posted news
 
  Neil Young dispute shows how Spotify still struggles to satisfy artists and investors
 
Full Story
 
Ecuador’s private heavy crude pipeline bursts in Amazon region
 
Full Story
 
Future dreams in view as Canadian instruments power up aboard James Webb Space Telescope
 
Full Story
 
 
Opinion
 
  Dairy supply management is about to inflate our grocery bills – again
 

Rita Trichur

Good luck getting the frill out of your bill.
 
Canadians are already feeling pinched by higher food prices at the grocery store. Everything from fresh fruit to meat is costing us more money. But brace yourselves, my compatriots, our collective sticker shock for dairy staples such as milk and butter is about to get worse.
 
 
Full Story
 
 
From energy and resources
 
  Teck says its coal sales fell below guidance as extreme cold in B.C. disrupts logistics
 
Full Story
 
 
From financial services
 
Politics Briefing: Ottawa braces for anti-vaccine mandate demonstration
 
Full Story
 
 
Globe Investor
 
  Value investing has ignited, and could be a useful shield from chaos
 
Full Story
 
 
From economy
 
Bank of Canada’s Governor Tiff Macklem would like you to know that he doesn’t like inflation
 
Full Story
 
 
From technology, telecom and media
 
  Apple makes easy escape from supply crisis, but others may have to wait
 
Full Story
 
 
From small business
 
Globe Advisor content  Mentoring ‘on the fly’ a big benefit of returning to the office, top advisor says
 
Full Story
 
 
From careers
 
New tools, technology to help number of self-employed Canadians skyrocket
 
Full Story
 
 
In case you missed it
 
Canadian yacht and private jet makers brace for cancelled orders under Liberal luxury tax
 

Tara Walton/The Globe and Mail

  Canadian yacht and private jet makers brace for cancelled orders under Liberal luxury tax
 

Chris Hannay

 
Independent business reporter
 
Full Story
 
 
MAXIMIZE YOUR FINANCES WITH THE GLOBE’S WATCHLIST
 
Watchlist has the tools to help you stay ahead of the trends by tracking stocks, funds, ETFs, futures and indices, create data filters with 200+ data points, screen mutual funds using available filters and set price flags #PowerYourFinances
 
View More
 
 
About this newsletter
The Top Business Headlines: Evening Edition newsletter gets you caught up on the day's business headlines. It is sent Sunday to Friday.

To unsubscribe, use the link at the bottom of every email communication. Or log in to manage your Communication Settings.

Can't log in yet? Registration is free and allows you to read more for free. Tips to stay logged in.

For delivery issues related to this newsletter, please contact Digital Support.