Quote:
Originally Posted by Traum
As explained by SumAznGuy over at the RE thread, the hugely expensive grocery bills we are seeing right now is more of a matter of coincidence, with multiple factors such as:
- poor loonie exchange rate
- being in the winter months (where local farms aren't at all productive)
- supply side issues from Cali and Mexico
I am hoping this will be temporary, as 2 of the 3 issues should work to resolve themselves over time. But there is no changing to our pathetic loonie exchange rate though.
|
you cannot expect prices to 'go back to normal'.
of course the last item will sort itself out, but the loonie has lost 40% of its value over recent times - this will be shown directly in consumer prices.
Most inputs to Canadian life are acquired in large part in USD - everything is going up in price (maybe except gas at the pump).
I recently came back to van to visit family, boy was i shocked at the prices i was paying!
this is the new normal in canada, driven by the weak loonie, due to the economy being far too overweight on commodities (canada, australia, middle east - all hurting)