GST Holiday Affects Food Prices

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food price increases

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CHARLEBOIS: Why the GST holiday could backfire

Summary

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81% Informative

The announcement of a GST holiday beginning Dec. 14 has been framed as a relief measure for Canadians facing rising food prices.

Many economists argue this initiative may not only fall short of providing meaningful assistance but could also worsen the situation for consumers and the broader economy.

The 2025 Canada ’s Food Price Report anticipates food price increases of 3% to 5% in the coming year .

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formal

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English

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not offensive

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