Why are groceries in Canada more expensive?🥩🍍💰
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- Опубликовано: 27 сен 2024
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Why are groceries more expensive in Canada? Is there a single answer to this, and what role do the major grocery players have in this? Let’s talk about the factors driving up grocery prices in Canada, making millions of people’s lives so difficult. #CanadaGroceryPrices #foodinflation #livingincanada
// Main Sources (others are on screen)
⌲ Numbeo: Grocery Index: www.numbeo.com...
⌲ CBC News: Fixing Canada's grocery prices problem: the Competition Bureau's plan: • Fixing Canada's grocer...
⌲ www.worlddata....
⌲ Econ: Two Economies, With One Set of Flaws: • Two Economies, With On...
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Lack of competition, smaller growing season = more imported food = higher transportation cost, economies of scale due to lower volume sold (less population) and higher immigration demographic means less homogenity in shopping pattern.
The answer to many of Canada’s problems regarding prices is that our economy is based on monopolies. The lack of competition ends up costing all people
Love your channel and tips by the way!!!!
I wish there were a lot more options!
But you still haven't got to the bottom yet. It's all because of government's over-regulation.
Stupid laws in name of protecting consumers make new entrants into business world so hard, sometimes impossible.
Big guys never feel the pressure from new entrants.
When we do business analysis on competitive advantages, high barriers for new entrants is a big one.
All in all, socialism policies make more monopolies in name of protecting consumers 😂
Sure.. has NOTHING to do with higher fuel taxes
KEEP VOTING LIEBERALS
I spent a month and a half in Florida this winter and found it more expensive for groceries than here in Canada. Certain things were cheaper but in general more expensive
Naples and Boca Raton are expensive.
@@parkerbohnn I was rving all over down there and prices were similar at least in the places I was at
Travelling through the Eu this year in every country I visited people complained about food, housing prices. We are all on the same boat!
Canada imports a lot of food items and the US dollar is used usually to import. We also have a short growing season but high taxes also has a big effect.
When a corporation has record profits while arguing that costs have increased to cause the increase in food pricing it is extremely difficult to believe their claims because if costs truly increased the increase would not result in increased profit. Trust is the key. As a Canadian consumer I can no longer trust the corporations and will do what I can to avoid their stores in favour of independent stores following a shop local ideology. We, as consumers, need to speak out with where we spend our dollars.
Their share prices for the most part are in the toilet, so I don't get this higher profit bit.. exception being loblaws
Profits as s percentage of sales for loblaws is about 3.5% for the last number of years. So profits are no out of line.
Consider another factor it's about commodities investors like Cargill, and ADM they are a factor in why groceries cost a certain way
@@tommyshanks4198Loblaws profit margin on food less than most US grocers. BUT the same cannot be said for cosmetics/clothes.
But you are not capable of doing that.
This was a really informative video. As an American, I felt this video really helped me understand the issue Canadians are dealing with. Thanks!
Glad to hear that!
Because Canada government is too expensive, too much taxes drive the price up. Less of competition is because new investors won’t invest Canada because operating cost is too high, and market is small, not worth it. So the first thing need to do is change government.
I cut out everything but fatty meat+eggs and started buying my meat from a local farmer and that reduced my grocery bill by a lot + fixed a lot of my health issues. Plus zero waste with vacuum sealing. It sucks, but it was worth it in the end since it fixed my sugar/carbs addiction, my inflammation, my insomnia, my period cramps, my acne, my anxiety, gave me my high school metabolism back and I eat a lot less now. Tip: get cheap cuts of meats and a slow cooker. Amazing.
Care to explain what you mean by cheap cuts of meat?
@@Lee-mp5vg Anything pork is cheaper, but if you want beef, stuff like chuck, ground beef, oxtail.
@@Lee-mp5vg like liver and other organs.
Take banks as an example. Canada population is 1/10 of USA's. But US has thousands of banks, what do we have? Just those a few options, RBC, Scotia and etc.
Dang Canada entire national population is the same size as the US State of California, and also the entire population of Canada can fit inside the Tokyo metropolitan area.
I saw the ABC News Australia one about having the same issues there as the one seen in Canada and Australia's population is tied with the US State of Texas.
Lots of migration is happening year by year situation is going to change
@@blogdesign7126 Most of canada lives near toronto
Many key items in Canada are also supply-managed (dairy, poultry, eggs) which keeps prices at a modest level to protect the producer as well as the consumer. This results in higher input costs for food products made from these items which are then passed down to the end-purchaser. In the US, a lot of these items are not supply-managed (i.e. no quota system) so farms can be gigantic producing a much larger volume. This makes prices inherently lower in the US for these same key items. This factors you highlighted in the video exacerbate the inherent differences in pricing between Canada and the US.
And: The CEO of big public/ monopoly companies gets paid $30 million dollars each year for their salary, although their supermarkets and services were below parr.
That doesn't matter. 30 million is a drop in the bucket. Services below par? Then... don't shop there? If it's below par, then why are you shopping there?
You should look into prices of groceries in the Canadian territories. It’s insane.
They can probably hunt more up there though. Just assuming
Due to transport and shipping costs.
Canadian structural problem = Trudeau!
I recently visited Las Vegas and can tell the prices of groceries and dining is very similar in amounts but its in USD, not CAD.Like for example, a family of 3 can eat out for 50 USD, similarly can eat for 50 CAD as well.
Taxes upon taxes which compound to make everything go up.
Target is very expensive for groceries. Why would they not compare a regular grocery store to Lawblaws?
Lol and target is more about clothes, ans producys than groceries. Their grocery section is so small unless you go to a super target. They are not a grocery store.
We buy lots of foods on sale for half price and growing vegetables in our backyard.
We are eating less meat and fish.
Excellent reporting. Love this video!
High Tax (yes Carbon Tax) and High Min Wage in Canada is completely ignored. Those metrics are a result of massive government spending and debt causing a loss of buying power. As an example, if you had $100K in 2019 it would be worth $70K in buying power today. If you made $60K in wages in 2019, did your wage go up 30% to $78K in the last 4 years? Canada also has a massive decline in Productivity, GDP per Capita is expected to lower the standard of living in Canada compared to other countries each and every year. Add all factors to the equation and the cost of living across everything is snowballing, the poor and middle class feel the effect the greatest. You really can’t ignore the massive wealth transfer government created over the last 8 years. Add it all, its not just a NDP argument regarding competition.
Retirees are flush with cash due to higher interest rates. A huge windfall as my income has tripled the past two years.
Deficits are much high per capita in the U.S. than in Canada.
Grocery prices are cheaper overall in Canada than in the U.S.. At least they are in Ontario compared to surrounding states. Go to any American border community and notice how the retail is suffering because very few Canadians are shopping there unlike in the past.
Not enough competition in Canada as a result of higher prices in Canada !Also higher taxes including the Carbon tax in Canada !
So Target is not the place to buy groceries. Target can be 30 percent more expensive then aldis ,hyvee or Sam club down where I live. Shopping groceries at Target is only done when you are in a hurry or something. I pay 2.60 for a gallon of 2% milk.
From where you buy milk?
Exactly, Aldis, costco, sams club, Kroger, trader joes, whole foods, those are real grocery stores.
Numbeo quotes a gallon of Milk in Texas at 4$+ and it is so wrong, I have never found those prices in any of these grocery stores listed up in Texas. It’s always below $3.
Eggs were more volatile during the pandemic but they have significantly come down and i usually buy a dozen between 1$-2$ per package dozen.
Sorry this is not related to video, but I already become Canadian, I lost landing paper when I first arrived in Canada, where I can make new?
Is landing paper ever need in any case like apply government programs like apply pensions or TFSA or anything?
What documents usually need for apply?
I lost ID password too for login government site, even if not living in Canada I can make new?
What documents need if make new bank accounts in Canada as a Canadian if not living in Canada? Do I need to hire someone to report my tax if have some bank savings and not living in Canada?
Hospital is free or not if I only stay few month in Canada? Have to apply health card or not?
What address I can put for bank and driver license if I'm not living in Canada?
Which site I can search and can rent a place if only stay few month in Canada? What is cheap option?
I'm confused about everything, I hope someone can kindly reply.
Scammer..
They're not. Went to the US and prices are exactly the same/more expensive when you factor in the exchange rate.
Yes, monopolies have been price gouging us in Canada, but the US has a litteral roberry problem
because the entirety of canada's population is less than the state of california. That and lack of competition. There are two grocery companies in canada; loblaws and sobeys. The food manufacturers that supply them are all owned by a half dozen companies. Carbon taxes on fuel for transport and farm machinery have started to bite. Minimum wage has gone from 11.75 to what will be 17.50 in 5 years. I'll let you guess where all those minimum wage jobs reside. When you add the currency exchange rate you get the difference in prices.
In addition to many of the points made here we there is also another reason. Our Prime Minister Justin Trudeau since becoming prime minister has doubled the rent, more than doubled house prices, increase food all due to reckless Government spending as well as letting in millions of people into the country with no homes for them.
Thank you for sharing this outstanding info in canada! Wishing you an incredible day ahead. My friend..
Maybe because they are grown and manufactured in the USA very little of our food is actually produced or grown in Canada 🇺🇸🇺🇸🌺🇨🇦
I needa check the price in Niagara Falls NY tomorrow. things are exp cross the border.
It was stated in the video but didn't put enough of a fine point on it: we need more Costco and Walmart grocery outlets. They offer significantly lower prices per weight, have already been established in Canada, and offer the best short term solution to this problem
Loblaws competes favorably against Walmart where i live.
Where do you live?? I’m on the East side of the GTA and I’ve seen the exact same products 33% cheaper at Walmart over Loblaws. I wish they were the same prices here
Way more expensive than in the US. As a Canadian I'm amazed at how affordable things are when I visit the US
Are you in BC by any chance?
@@njam101 nope. Northeastern Ontario
@@jizzaymzI'm in Northeastern Ontario also. Near Sudbury. It's very expensive for groceries and everything overall. 😊
@canadiankabingurl9782 yeah Sudbury isn't too far from here (Temiskaming Shores). It's gotten unfathomably expensive over the past couple of years up here.
@@jizzaymz Yes that is true. I just travelled in 5 U.S. states and almost everything was much more expensive there including food. The only cheaper things were gasoline and cases of beer.
"At least we have 'free healthcare'" is what I used to say, but do not even have that anymore.
Free but unreliable.
I’m not an expert on expert on the economics of the grocery industry. Just based on my recent experience traveling extensively in the US during 2022 and 2023, I found that grocery price inflation in the US was greater than that in Canada. What I mean by this is that in the past, there was a greater difference between prices before 2020 than there is today. In fact, I found many items were very similar in both countries after exchange rate was factored in.
Consider another factor Cargill and ADM are major commodities investors here in the USA and they have a major sway on the value of agricultural goods here.
This is one of the reason my parent and their friend move out of Canada.
To where?
Not always the case. Depends on which state you live in. NJ and NY, grocery prices are comparable to ON, sometimes even more expensive. ShopRite vs NoFrills. TX for sure is much cheaper.
@ 07:15 Timestamp, explains alot. We often shop at markets and or Maxi. I did not see Maxi on the list, which leads me to beleive why its so much cheaper than the other chains...
I personally don’t find US prices any better than in Canada. Similar to US content creators, comparing Target prices with Loblaws is not quite fair either. $1.97 CAD for a loaf of Great Value white bread is not cheap either but of course I can also opt for a 97c stick of French baguette there too. But certainly things are not cheaper say for a bundle of herbs is at least 60-70% more now. Or a pork roast for that matter.
Your comparison is not what I experienced. Large metropolitans save more on foods. groceries have many levels of outlet. If just on cost of foods leaving out spending power etc... then I can sure that the food costs in the metropolitan US mostly are higher than metropolitan Toronto, and is about the same in rural town, (excluding remote and extremely remote towns in Canada) I travelled to the many parts of the U.S.A. almost every second week. I visited many grocery stores every time for the same purpose of your video, I always curious whether American do save more on foods or not. Stores I visited like Costco, Sams Club, Aldi, Walmarts, main US chains, Ethnic grocery stores like Supermercado and Asian grocery stores. I found that grocery cost is the same or more in 95% of major U.S. cities if you are from Toronto. And doubled or more if you eat more fruits and vegetables. US costs of: Bread same or more, dairy products lower, meats same or lower, Seafoods same, Fish lower. vegetable more, fruits same or more... grains products in bulk... same or higher... I stopped shopping in the US for the last 3 years. only buy stuffs that are not available in Canada.
lovely japanese. but listen to me, these price in canada just reached to a time of 10 YEARS ago prices of PERTH, AUSTRALIA, believe it or not. so nothing to complaint and live with it.
You can cross the border with dairy and meat?
economies of scale....plus taxes added on the way to the food store...
Groceries are much, much more expensive in Hawaii and California compared to Canada. Your video doesn’t narrow down different regions and states. On a recent trip to Hawaii, canadians’ jaws drop on food prices. That’s true with California too.
Well if you compare average prices to income ratio you can see the differences is huge. Toronto vs New York for example, average income in New York is doubled, but the prices is quite similiar.
Hawaii being expensive is due to transport costs as its food have to be imported from the mainland.
Solution: buy from small neighbourhood markets and force more competition.
SHIPPING AND CARBON TAX NUFF SAID!!!!!!!!!!!!!!!!!!
Nunavut Canada is insane for prices on eveything. It's shipped by plane or ship.
Because Canada is up north and cannot produce many of groceries. Tomatoes are expensive here in MN too.
Give it a couple of years, between monopolies and carbon tax the gap on food cost will widen between the US and Canada. Also Americans doesn't have a housing crisis as that of Canadians who have to choose between a roof over their heads or food.
Is it more expensive because companies have to pay salaries to people who are on that insanely long sick leave that can last for months? Hence higher prices to compensate for losses on salaries?
Not a fair comparison using Loblaws and Target. So they took one of our most expensive grocery store chains and compared it to a budget department store that also sells groceries. If they wanted a fair comparison they should've used used the Walmart grocery divisions for both countries. Also, of course anything dairy based in Canada is going to be more expensive because we have a dairy board that raises prices artificially to benefit dairy farmers. Also I've never paid frickin $11.42 per pound for chicken breast. More like $7.50 a pound at No Frills and as low as $4 a pound when it's on sale (so I stock up then). I was just in a Wegman's in Ithaca, New York and compared it to the prices in Vancouver where I live and the prices of most packaged goods are equal to more (compared to No Frills where I shop) when you factor in the currency difference (and sometimes even just plain cheaper without even factoring in exchange rates). And again, not anything dairy or meat.
True food is expensive, but there are still farmers' markets. Crossing the border to load up hyper-processed food sounds good if you want to trade in some life years for dollar savings. 😅
Without trying to be mean, the lady you showed "looks" more American than Canadian despite the high-perspective shot...😢 worth the savings? The looks are only the symptoms.
Farmers markets are even more expensive, unless, maybe, you can get out of town to the real ones.
We also pay more for cars and our homes. Our companies are the problem we really do not have any competion , they have a monopoly. Get rid of lobbying, that's part of the problem.
Government intervention enables monopolies.
I really don’t know the reason why we pay so much for groceries in Canada but if I had to guess, greedy corporations since we don’t have much competition. Just look at the profits from loblaws since the start of the pandemic, in the billions. Canada needs more competition to lower food prices in my opinion.
Not really. Try bureaucracy, Canada being oversized and underpopulated, etc.
New arrivals are going to be dealt a harsh reality in the form of abject poverty. Those already trapped here by false promises should be shouting from the roof tops, STAY HOME.
💯
Canadian here. I lived in Japan for 10-years, travelled around Asia. Eating out is 3x more expensive here than Japan, but groceries are a little less; However, in Asian countries you will get 60% less in quantity either way lower soil mineralization. Therefore, Canadian groceries are reasonable compared to most countries (with the exception of Latin American countries). Canadians are fat, so I’m glad people are being forced to skip meals 😂
I agree about the eating out part especially. In Japan there are so many delicious and healthy dining options!
Monopolies? Lack of competition? But why ppl buy the same apples in Metro, Sobeys, Lablows and NoFrills from the same wholesale supplier with different prices? Why they even choose to buy in Metro and Lablows if there is NoFrills? Ppl can afford to shop across the border but they don't want to change habits domestically. I am not done yet. Why Wholefoods and Walmart in Canada are not cheaper and sell the same stuff we buy in domestic groceries?
French and English on each item adds to the cost. Get rid of the French lingo on our items.
D'uh. If everything is shipped from Mexico, and it's further than the USA, then you tack in higher fuel taxes on the way..
People are going to start shoplifting.
Good luck everyone.
And in the long run, people will starve having nowhere else to shoplift.
Seriously!!! We all know why it's so expensive here! Especially being born and raised here!!!
No mention about subsidy differentials between countries is a bit disingenuous…
depends what state in the usa
Everything is more expensive in Canada, because Canada gave out more in helicopter money than everyone else. And Canada loves to spend and take on more debt. It’s what Canadian politicians do best.
You are not shopping in the right places. If you go to thf usual grocery chains, you will get hung to dry. I shop at many arab, Asian and Indian independent food stores. I find a more diverse selection, better quality and lower prices.
Not a single source listed for any of your data. But 100 affiliate links to make money off of. Shameful.
Is the carbon tax factored into these prices?
Taxes?
😢I want to move back to my homeland now .
You forgot to mention government price fixing of things like dairy products. Milk and chicken are ridiculously expensive in Canada. That comparison near the beginning of the video looks rigged in favor of Canada because milk and chicken do not cost that much where I live (in the United States). I can usually get milk for under $3/gallon and chicken breasts for under $2/lb.
Carbon Tax. You don't need to pretend to be Canadian.
The answer is the carbon tax
Chicken breast 26$ in metro
such a joke
Prices doubled in the last 4 years
even i see the huge difference what was before
Currently 4.99 at Metro !!!
Liberlaism
This is really stupid- the loonie has depreciated the dollar. Also Target charges different prices across the US. If Canadians are entering Michigan to purchase groceries, of course it's cheaper, as it is one of the cheapest areas in the US.
I find Canada so expensive. I visit a lot and don’t buy anything when I come 😂. Even your clothes are too expensive.
Please feel free to not visit…
nafta. keeps our dollar suppressed. 1990 prior to nafta 1.26 canadian equaled 1.00 us. canada got screwed.
I'm a Canadian living in USA. Groceries are cheaper in USA
That's definitely not my experience. What state and province are you comparing?
@@njam101 I'm from British Columbia. Moved to Idaho. Pretty much everything here is cheaper. I've visited 10 different states and it's the same thing.
No that's bullshit, in part! I live in Ottawa ontario canada, and there is a hidden carbon tax on all meat and dairy. ! Why loot a mall? Bumping over a grocery store and re selling food would make u a millionaire! But I must say! I'm 60 and still wear a size 4 due to not being able to eat 3 meals a day! It's one for me.
3 sweet potatoes $7
Comparing Loblaws to Target...😂😂😂. If you want to compare use Walmart vs Walmart...be smart
I'm sure carbon tax pricing has a lot to do with it 😢
It's called inflation.😂
Rotisserie chicken.... Canada $12.99..... USA.... $6.99 who's making money.
6.99 to 9.99 cdn where i live in Canada
$12.99 CAD = $9.48 USD.
Farmers use gas, gas is expensive.
Everything in canada is more expensive because most canadian are wealthy and they love to pay more to shoe off
Poor CBCs, fresh off plane Chinese are buying Vancouver houses like toys!
TRUUUUUDEAUUUU DO SOMETHING!!!!!!!!!!!
Canada should just be part of the USA as it will benefit the people.
No thanks
The confederation is going to collapse and the provinces will become independent if the liberals are not removed next election.
It missed its chance in 1812.
Long live prime Minister black face haha
can Canada just become America already, this country fucking sucks.
You have to pay for your Canadian values😅😅😅😅😅
Less obese on couple year lol
Canada has the fixed price bread scandal, and thanks to Trudeau in 2015 we had big 6 grocery stores en.m.wikipedia.org/wiki/Bread_price-fixing_in_Canada
Oh shush yall
Just keep paying, we r sticking it to Putin, so b proud
Food is expensive because we have a queer for PM
Because y'all need more freedom. 🇺🇸💪🏻🫡🫡🫡🫡🫡💪🏻🇺🇸.
😂
Market Place did a study on this and yes, even Canadian products are cheaper in the USA, which doesn't make any sense. Canadian corporations (or monopolies) are taking advantage of Canadians, a fact that became even more evident after the COVID pandemic. Canadians earn less than Americans and pay more for everything. Things like natural gas, for example, cost, at least, 6 times more in Canada than in the USA. How can you spend $20 in natural gas consumption and be forced to pay $100 for the connection and taxes?
Fun fact: Canadian silver maple coin is cheaper in USA than Canada
I saw ABC News Australia did a similar study with their biggest supermarkets there like Woolworths and Coles and yes they had the same issues there too.
My friend went to the U.S. and bought the same kitchen cabinets she wanted in Canada. They were over half the price and even with the import tax, she saved a lot of money. And cabinets were made in Canada!
@@annai6393yup makes sense if the shipper fuels up in the USA.. much lower fuel costs
A couple years ago I looked up the price of a Honda made in Quebec. It cost almost $5k more to buy from a dealership in the same city as the factory than it cost to buy in Hawaii.
Canada is not the Canada that it used to be. Everything seems out of control. More and more people are using food banks even when people are employed.
It is the new normal. I remember growing up in the poor area of Vancouver and mainstream dismissing our struggle. What most Canadians are seeing nowadays are just what I experienced it is just spreading.
its because of treadeu
Sure, an individual earning the minimum wage would prefer to go to a food bank so that he can save a little money. It is become ridiculous here.
…well, the new immigrants are competing with existing folks here in the food banks…and so, the pressure continues on….it doesn’t have to be like this if we have a better system.
@@abc-lp6nb It is because of an "Intrudeau".
I spent a few months in Canada and was really shocked by the high grocery prices, finally returned to Germany for multiple reasons. Videos like this help me to understand the reasons, thanks for that!
Weren't they price fixing bread for like 12years? 50 million fine is nothing. Monpolies is a huge problem also carbon tax and high gas prices.