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Inflation causes Food Freedom Day to be delayed compared to last year

This is Food Freedom Day.

Each year the Canadian Federation of Agriculture (CFA) calculates the date when a Canadian household of average income will have earned enough to pay for their entire year’s grocery bill.

CFA examines the proportion of income that Canadians spend on food as a way to explore year-over-year expenditure changes and raise consumers’ understanding of Canada’s food system, from Farm-Gate-to-Plate.

Canadians spent 11 per cent of their disposable income on food last year, which is slightly higher than the 10.7 per cent spent on food in 2021. That makes Food Freedom Day one day later in 2022.

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Following Canada’s imposition of duties on Chinese steel, aluminum, and EVs in October 2024, China declared retaliatory tariffs targeting Canadian food and agricultural products. Starting March 20, the Chinese commerce ministry will impose a 100% tariff on Canadian rapeseed oil, oil cakes, and peas, as well as a 25% tariff on Canadian aquatic products and pork. This action exacerbates the trade tensions between the two countries, as China charges Canada with infringing upon WTO regulations