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Story summary
- The ongoing war in Iran is expected to have a muted impact on Canadian food prices, via higher fuel costs.
- Food prices are about 30% higher than a decade ago, with changes expected to be gradual.
- Fertilizer prices have surged over 70% in 2026, and Canada is unlikely to face shortages.
- Higher input costs may squeeze farmers' margins unless commodity prices rise, as petroleum prices raise transportation and production costs.
