February 8, 2017 is Food Freedom Day, the day the average Canadian will have earned enough income to pay for his or her grocery bill for the entire year.
The Canadian Federation of Agriculture (CFA) says that in 2016, Canadians are expected to have spent 10.7% of their disposable income on food.
Rising food costs have resulted in this year’s food freedom day falling three days later than last year’s date.
The CFA says that Canadians have some of the lowest food costs in the world, consistently ranking in the top five for cheapest food costs worldwide.
"There are plenty of reasons why we encourage consumers to buy Canadian," explains CFA President Ron Bonnett. "Domestically produced food does not face the same exchange rate increase we have been seeing with imported products. By understanding what is available each season in Canada, consumers can contribute to Canadian food security while also keeping their family’s food bill down."