Food inflation spiked 7.3% in January. Here’s what’s driving the increase

February 17, 2026

CTV: …much of today’s higher prices are related to the weaker Canadian dollar in early 2025 as well as Canada’s retaliatory tariffs on the United States, which targeted grocery products such as Florida orange juice. Both of those factors make it more expensive for importers to buy food or ingredients from outside the country…