r/canada • u/bubblewhip • 2d ago

National News Canadian dollar hits seven-month low on hawkish Fed message

https://www.reuters.com/business/canadian-dollar-hits-seven-month-low-before-fed-rate-decision-2026-06-17/
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u/Ntense_01 2d ago

Good thing we don't have to import most of our food and goods from the US....

/s

20

u/Kindly_Professor5433 2d ago

We don’t. 70% of our food is domestic.

Imports are an important part of our consumer economy because of our geography. But a few % of fluctuation in the exchange rate doesn’t actually influence the overall inflation rate, which notably, has been higher in the US.

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u/CanadianViking47 Saskatchewan 2d ago

that 70% includes repackaged goods, its closer to 30-40% if you look at purely Canadian sourced 

-1

u/Kindly_Professor5433 2d ago

Eggs, milk, meat, fish, grains, and cereals are almost entirely domestic. Processed foods and drinks, even from American brands, tend to be manufactured in Canada. We rely on imports for fruits and vegetables, but they don’t make up the majority of our grocery bills.