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Like many other countries, Canadians saw the cost of living go up after the Covid-19 pandemic thanks to supply-chain issues and labour shortages.

Although food inflation in Canada peaked at a lower mark, 11.4%, than in the UK and US, according to data by the Organisation for Economic Co-operation and Development, the overall figure does not tell the whole story.

A price comparison between the three countries of some everyday items suggests Canada is indeed more expensive for some of those regular shopping basket contents.

Canadians are also grappling with a currency that is plummeting in value compared to the US dollar, which has impacted both the price of food imported from the US, as well as Canadians’ overall purchasing power.

Rising interest rates, coupled with higher rent and home prices, have also pinched the wallets of many in Canada.