Latest / Shane Hewitt and The Nightshift
Why Canada China Food Trade Actually Protects Canadian Grocery Prices
Canada China food trade reopens, and you're standing in the meat aisle watching beef prices. The news says Canada just shipped beef to China. Your brain does the math: more exports equals less supply equals higher prices for you. But that equation might be completely backwards.
Charlebois argues shipping more beef to China actually lowers Canadian prices, not raises them. China buys special cuts Canada can't supply in volume anyway. The export market encourages Canadian cattle producers to grow herds, which increases domestic supply. 600 million Chinese middle-class consumers want Canadian…
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