Grocery bills could warn of a future recession

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Grocery bills could warn of a future recession
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Some Canadian shoppers have pulled back on their grocery spending, and are now working harder to find more deals to save.

Canadian shoppers have pulled back on their grocery spending, and are now working harder to find more deals to save.

As Mark Palmer loads his truck after a grocery run to Costco in Ottawa, he can’t help but think about his bill. Compared with 2022, pork prices have declined, while chicken costs have remained flat. The cost of a strip loin steak has soared around 12 per cent. Which is a contributing factor to why Canadians have decreased the amount of food they buy. Several retailers have also noted consumer spending on discretionary purchases has declined.

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