Canadians trimming food budgets in face of higher prices, RBC says

Bank report suggests as much as 91 per cent of Canadians plan to cut back food spending.

By Allison Brogan, CBC News

Canadian families are planning to cut back on the amount they spend at the grocery store in the face of rising food prices, a new report from one of Canada’s largest banks said Thursday.

The RBC Canadian Consumer Outlook Index showed Canadians’ are displeased with rising food prices at the grocery store.

As much as 91 per cent of respondents to the survey said they have taken notice of rising food prices and are being more budget oriented as a result.

Read more » CBC
http://www.cbc.ca/news/business/story/2013/05/16/business-rbc-food.html

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