Economy grew at an annualized rate of 2.5% in Q1, StatCan estimate suggest
Economy grew at an annualized rate of 2.5% in Q1, StatCan estimate suggest “Statistics Canada says the Canadian economy grew by 0.1% in February. The federal agency’s preliminary estimate suggests real gross domestic product grew at an annualized rate of 2.5% in the first quarter. The February figure came in lower than was expected by […]
Grocery leaders share how they’re prioritizing their sustainability efforts
Grocery leaders share how they’re prioritizing their sustainability efforts “More than ever, Canadian consumers expect food retailers and brands to do their part to help fight the climate crisis. But what does that mean, exactly? Whether it’s taking steps to prevent food waste, investing in eco-friendly store upgrades or working in partnership with environmental organizations […]
Canadian consumers pull back on spending amid high prices, interest rates: Experts
Canadian consumers pull back on spending amid high prices, interest rates: Experts “Canadian consumers are pulling back on spending as rising prices and high interest rates appear to be taking a toll on retail sales. Retail sales slipped 0.2% to $66.3 billion in February amid a drop in spending at general merchandise stores and gasoline […]
Canada can play a big role in addressing growing food insecurity, Nutrien CEO says
Canada can play a big role in addressing growing food insecurity, Nutrien CEO says “Canada is poised to play a big role in global food production as climate change makes farming more difficult and the world’s food supply chain is rendered fragile by political and economic uncertainty, said Nutrien CEO Ken Seitz. Seitz made the […]
Deflation drives higher demand for fruit in March. But is it enough?
Deflation drives higher demand for fruit in March. But is it enough? “For the first time in many months, inflation for total food and beverages stayed in the single digits. “The March 2023 average price per unit across all foods and beverages and channels increased 9.8 percent over March 2022,” said Jonna Parker, team lead […]
How loyalty programs can deliver the savings shoppers want: Report
How loyalty programs can deliver the savings shoppers want: Report “The rising cost of food is undoubtedly affecting shoppers’ behaviours, whether they’re switching to private-label brands or cutting back on pricy meats. A new report from Eagle Eye, a global digital marketing technology company, suggests grocery retailers can leverage their loyalty programs to better engage their […]
Consumers care about sustainability—and back it up with their wallets
Consumers care about sustainability—and back it up with their wallets “Companies have focused their efforts on sustainability initiatives as the growing consumer demand for businesses to “give back” has been on the rise. But do these actions actually turn shoppers into buyers? A recent study by McKinsey and NielsenIQ looked beyond the self-reported intentions of US […]
As Canadians seek something extra from their beverages, functional drinks are thriving
As Canadians seek something extra from their beverages, functional drinks are thriving “The functional cold beverage market has seen explosive growth in the last several years – and the trend shows no sign of stopping. The International Market Analysis Research and Consulting Group (IMARC Group) reports that global sales in this category reached US$125.4 billion in […]
Mentor Program launches at IFPA Women’s Fresh Perspectives Conference
Mentor Program launches at IFPA Women’s Fresh Perspectives Conference “The International Fresh Produce Association (IFPA) initiated its women’s mentoring program on Monday, April 17 at the Women’s Fresh Perspectives Conference in Orlando, Florida. The purpose of this program is to create mentorship relationships among women in the fresh produce and floral industry. The program kicked […]