8-dollar cauliflower shows the pain of falling oil prices

Categories: Big picture
Published on: January 24, 2016

New York Times / Ian Austen / 20 January 2016

MeKeen MetroAs prices for commodities have dropped, the value of the Canadian dollar has fallen, a direct link to an economy that is dependent on oil and other resources. It makes imports, like fresh American vegetables during the dark Canadian winter, look especially costly. Two years ago, one Canadian dollar was worth 93 American cents. On Wednesday, it stood at 69 American cents.

The drought in California, where Canadians get most of their vegetables in the off-season, just compounds the sticker shock. With less bounty in the fields, farmers’ prices, in American dollars, are higher.

As a result, fresh vegetables feel more like a splurge for Canadian consumers.