London Daily

Focus on the big picture.
Wednesday, Feb 05, 2025

Shoplifting Surges To An Alarming Level Across Canada: Report

Shoplifting Surges To An Alarming Level Across Canada: Report

Experts issued a warning that the issue would get worse if the economy slowed down next year as some economists anticipate.
Theft of goods from open retail establishments in Canada has surged to an alarming level across the country, with inflation and labour shortages cited as major factors behind the increase, according to The Global News.

The news outlet, which referenced the most recent Canada's Food Price Report, claims that "the uptick has triggered concern among Canadian grocers even as the rise in food prices helps pad their bottom lines. Grocery prices were up 11 percent year-over-year in October, and they're not expected to ease any time soon. The total cost of groceries for a family of four is expected to be $1,065 more than it was this year."

Sylvain Charlebois, senior director of the Agri-Food Analytics Lab at Dalhousie University in Halifax, claims that inflation in food prices is one of the main drivers pushing more people to steal.

“There is a correlation between the two, absolutely. Theft is an ongoing issue. But the intensity actually does increase when food prices go up,” he said, noting that meat and dairy products are the top two stolen items.

He warned the problem may grow if the economy slows down next year as some economists suggest.

“If you see both food prices go up and … the economy slows down, jointly that is when you basically see even more stuff.”

According to Reuters, the Canadian dollar has fallen nearly 7% against its US counterpart since August and even further against some other G10 currencies, creating a potential boost for exports.

Inflation eased to 6.9% in October after peaking at 8.1% in June but is likely to be more persistent than previously thought after spreading from goods prices to services and wages, where higher costs can become more entrenched.

According to Statistics Canada, gasoline got more expensive in October as OPEC signalled looming production cuts and the Canadian dollar weakened. So too did owning a home, as Canadians renewed their mortgages at higher rates. Meat, fruit, and vegetable prices also continued to rise, but less than in previous months. Meanwhile, costs fell for telephone services, video equipment, computer devices, and digital media.
Newsletter

Related Articles

0:00
0:00
Close
European Union Proposes Reforms to 1951 Refugee Convention
China's humanoid robots poised to transform everyday living and spiritual functions.
Changes in US tariffs on Chinese products could affect consumers more significantly than they do China.
How Innovations in China's Humanoid Robots Ignite Fierce Competition with the US
Germany Experiences 34% Decrease in Asylum Applications During Migration Discussion
Experts Challenge Conviction of UK Nurse Lucy Letby for Baby Killings
AfD Chief Alice Weidel Enhances Global Standing Through Meeting with Viktor Orban
Nigel Farage's Reform UK Party Leads Poll Amid Growing Public Demand for Change
Conor Murphy Steps Down as Northern Ireland Economy Minister to Join Irish Parliament
Over 1 Million Face Penalties After Missing HMRC Self-Assessment Tax Deadline
Scottish Government Denies Plans to Ban Cat Ownership Amid Controversy
Bridget Phillipson Urges Parents to Prioritize School Attendance Amid Rising Absence Rates
Keir Starmer Advocates for Stronger UK-EU Security Partnership in Brussels
Six English Councils Granted Permission to Raise Council Tax Bills Above Cap Amid Financial Struggles
Keir Starmer Faces Growing Backlash Over Potential Approval of Rosebank Oilfield
AI Consciousness Raises Ethical Concerns, Say Experts
Families Urge NHS England to Release Full Report on Nottingham Triple Homicide
NHS Initiates Largest AI Trial for Breast Cancer Detection
UK Tightens Regulations on Online Sales of Weight-Loss Injections
Gambling Ads Shown to Parents on Baby Monitor App, Raising Concerns
Ancient Irish Rainforests at Risk Due to the Growth of Monoculture Plantations
EU Leaders Deliberate on Defense Strategy Amid Rising U.S. Tensions
EU Leaders Convene Important Summit on Defense in Response to Rising Tensions
Trump Directs Establishment of U.S. Sovereign Wealth Fund, Considers TikTok Purchase
Britain Considers U.S. Gas Imports in Response to Possible Trump Tariffs
French Prime Minister Bayrou Confronts Several No-Confidence Votes Regarding the 2025 Budget
Shutdown of USAID Headquarters in Light of U.S. Government Reduction Initiatives
President Trump Launches Establishment of U.S. Sovereign Wealth Fund with Possible TikTok Purchase
Investigation Launched Following Viral Video of Bodybuilder's Airport Prank
Cooling Blankets: A Remedy for Those Who Sleep Hot or Just a Marketing Ploy?
Trump Wins Again as Canada Agrees to Strengthen Border Security
Trump Seeks Rare Minerals from Ukraine in Exchange for U.S. Support
EU Leaders Reach Consensus to Increase Defence Expenditure in Response to Growing Security Threats
UK Business Confidence Declines Amid Economic Uncertainty, Lloyds Survey Shows
Abhishek Sharma's Century Secures India a 4-1 T20 Series Win Over England
UK Prime Minister Keir Starmer will welcome German Chancellor Olaf Scholz for talks at Chequers.
Australian soccer sensation Sam Kerr confronts a racial abuse trial in London.
Lloyds and Barclays Bank Customers Experience Service Outages
Thames Water Seeks Court Approval for £3 Billion Rescue Plan Amid Crisis
UK Manufacturing Activity Contracts for Fourth Consecutive Month in January, PMI Shows
Ex-British Soldier Receives Sentence for Espionage on Behalf of Iran and Fleeing Custody
Emergency Crews Deployed on Santorini as Earthquake Swarm Raises Concerns
Wall Street Journal Criticizes Trump's Trade War with Canada and Mexico
Trump Freezes Tariffs on Mexico After Agreement on Border Security
Nearly 96% of New Cars Registered in Norway in January Were Electric
One Dead, Thousands Evacuated as Floods Hit North Queensland
Bart De Wever Appointed Belgium's New Prime Minister
Apple Abandons AR Glasses Project Amid Struggles with Technology and Market Demand
US Man Receives Photo Instead of Drill After Placing Order on Chinese Website
U.S. Clinical Trial Investigates Medication to Prolong Dogs' Lifespan
×