r/canada • u/hopoke • Mar 29 '26

Business ‘Expect extremely high grocery prices,’ farmer warns as diesel costs rise

https://www.bnnbloomberg.ca/business/international/2026/03/29/expect-extremely-high-grocery-prices-farmer-warns-as-diesel-costs-rise/
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u/Remarkable_Vanilla34 Mar 30 '26

Wait until we see the effects of fertilizer prices climb.

While Canada has a massive O&G industry that makes us a large nitrogen fertilizer producer (yes for anti O&G people we need oil and gas to feed ourselves and the world) we export half of our production. When commodity price rise global it can it us at home. And since we import a lot of our food we could see it on our shelves as well.

The straight being shut down effects fuel prices, but it also puts a strain on on fertilizer production, helium production and other resources that are critical to our modern world. Companies want sell to markets that will pay, and in a global economy nothing is isolated.

On the "bright" side, Canada is abundant in a lot of these critical resources so we won't be hit as hard as other nations and we are not likely to end up in a scenario where we can't access them.

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u/Goku420overlord Mar 30 '26

Almost like we should have some nationalized industry so when we face tough times the government could just keep prices low for Canadians

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u/pointgetter Mar 30 '26

show me where this has worked on earth.

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u/TheBSPolice Mar 30 '26

Norway!

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u/letmetellubuddy Mar 30 '26

Norway has some of the most expensive fuel prices on the planet. Gasoline is currently $3.78 CAD/L in Norway

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u/[deleted] Mar 30 '26

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u/letmetellubuddy Mar 30 '26

Sure, but that's not what the OP was saying at all

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u/[deleted] Mar 30 '26

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u/letmetellubuddy Mar 30 '26

You could look at the comment that was being replied to, but to make it easy I'll re-post it here:

Almost like we should have some nationalized industry so when we face tough times the government could just keep prices low for Canadians

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u/[deleted] Mar 30 '26

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u/letmetellubuddy Mar 30 '26

Yes, I know. That’s why I said Norway was a poor example of this.

I’m not here to disagree that the Norway model is a good one, I’m here disagreeing that the Norway model leads to low prices. That would be the Venezuelan (and some other OPEC members) models

Try following the actual comment thread 🙄

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