Drought in California has consequences in Canada
FJ
Canada which is the country 's most important food per capita in the world also suffers the consequences of drought in California.
Canadian consumers , like their American neighbors depend on California for fruits and vegetables , especially in winter. Several products (broccoli, celery, almonds , carrots, strawberries, cabbage, grape) have seen their prices increase more than 10%.
Among the reasons cited for this rise in prices : first the drought in California that limits production and is mechanically raise prices and lower Canadian dollar. Currencies, forward parity, now exchange rate for 1 USD is $ 0.80 Canadian .This could encourage Canadian retailers to turn to other sources of supply and new markets.
source : acadie nouvelle com