The fall in value of the Canadian dollar could lead to higher food prices at the checkout, with fresh fruit and vegetables in particular impacted.
That is the verdict of a new study by the University of Guelph in Ontario, which has suggested food inflation in the country could fall anywhere between 0.7 per cent and 3 per cent.
According to a revised university report, the price of fruit and vegetables could rise by 5 per cent and 7.5 per cent respectively, based on the value of the Canadian dollar dropping to less than 80 cents against its US counterpart.
Canadians spend about a quarter of their grocery budgets on fruits, vegetables and nuts, Business News Network reported.
