Bank of Canada Watches Inflation Trends Closely, Image by Matthias Engelbach from Pixabay

Calgary Wins on Grocery Bills, Regina Tops Spending: CTV Study Reveals

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The cost of groceries varies significantly across Canada, with factors like location, competition, and transportation costs influencing the final bill. CTV reporters conducted a comprehensive study, comparing grocery prices in Halifax, Montreal, Toronto, Regina, and Vancouver, shedding light on the disparities and underlying reasons behind them.

Shopping for a standard basket of goods including butter, eggs, chicken, ground beef, rice, apples, and tomatoes, revealed notable differences in expenditure. Calgary emerged as the most economical location, with an average bill of $58.87, attributed to lower prices for chicken breasts despite standard costs for ground beef. Conversely, Regina incurred the highest average expense at $74.17, primarily due to elevated prices for chicken, butter, and rice.

Vancouver closely followed Regina with an average bill of $73.07, driven by the exorbitant cost of chicken breasts, reaching an average of $26 per kilogram. Meanwhile, Halifax, Montreal, and Toronto registered bills ranging from $63 to $68, with Halifax witnessing relatively higher egg prices nationwide.

Sylvain Charlebois, a food policy professor at Dalhousie University, underscores the impact of geography on consumer expenses, highlighting coastal regions and smaller cities facing higher costs due to transportation logistics and limited competition. He notes the competitive markets of Montreal and Toronto, where ethnic and independent grocers foster price competition, contrasting with the less competitive landscape in regions like Halifax.

Additionally, Charlebois points out that even within the same city, pricing variations can occur across neighborhoods and stores owned by the same operator. Such fluctuations prompt consumers, particularly those on fixed incomes, to explore multiple options to stretch their budgets effectively.

Addressing ongoing concerns over food prices, Industry Minister Francois-Philippe Champagne explores the potential entry of international grocers into the Canadian market, aiming to diversify competition beyond the dominance of major players. While acknowledging the uncertainty of success, Champagne emphasizes the importance of proactive efforts to alleviate consumer burdens.

As Canadians navigate the complex landscape of grocery prices, fueled by regional disparities and market dynamics, there’s a growing call for enhanced competition and regulatory measures to ensure affordability and accessibility. While immediate relief may be elusive, initiatives to diversify market players and monitor pricing trends offer hope for a more equitable grocery shopping experience in the future.

Asher Mo
mo@pakistantimes.ca

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