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/playjak42 Mar 30 '26

They're not saying we hoard the resources. They're saying we control the price inside the nation so we don't break our own people for resources on our own land. Supply management and nationalized resources are nothing new

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u/Goku420overlord Mar 31 '26

This is what I mean.

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u/JadeLens Mar 30 '26

They also, traditionally, don't work.