Lessons from overpriced chicken breasts CanadiansInvest
It all started with one reporter taking a simple, trivial picture of an overpriced pack of five boneless, skinless chicken breasts. The cost was $26.87 a kilo, a world-class sticker shocker, at least double what one would expect to pay for chicken breasts.
Other retailers in the Greater Toronto Area were even selling similar products at similar price points. That’s how supply management works. Poultry and egg prices have historically been higher in Canada than elsewhere in the Western world. Nonetheless, supply management has offered Canadians stable prices. In fact, chicken has been the more stable component of the meat trifecta, which also includes pork and beef. But since early 2020, the meat counter has increasingly become expensive, no matter what protein you are after. Many of these factors are far beyond Loblaw’s control.
Like in many Western countries, the politicization of higher food prices has led to a parliamentary investigation and broad-based inflationary support payments in provinces like Quebec and Prince Edward Island. These payments will likely make things worse, but it doesn’t matter.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marathon targets more gold ounces in Newfoundland – Canadian InvestorMarathon targets more gold ounces in Newfoundland CanadiansInvest
Read more »
Before the Bell: What every Canadian investor needs to know todayThis morning, Wall Street futures were weaker as traders weigh earnings from some of the biggest banks in the U.S. Major European markets were positive. TSX futures were modestly weaker. What Canadian investors need to know today:
Read more »
Deonandan: Let's apply COVID lessons to the next pandemicHere are six measures that will help in future public health emergencies.
Read more »
Haida Gwaii artist’s design featured on Canadian $200 gold coin - Terrace StandardHaida Gwaii artist’s design featured on Canadian $200 gold coin
Read more »
Stellato-Dudek aiming for first Canadian figure skating title, at age 39Deanna Stellato-Dudek, 39, battling viral infection as she chases first Canadian figure skating title
Read more »
Einarson’s comeback effort falls short in loss to Fujisawa at Canadian OpenJapan’s Satsuki Fujisawa beats Canada’s Kerri Einarson 5-4 at Canadian Open
Read more »