Canada's grocery inflation drives 22% to use buy‑now‑pay‑later, sparking food‑security concerns

A recent poll of Canadians shows that 22 % have turned to buy‑now‑pay‑later financing for groceries and household essentials as food prices rise. Analysts describe the situation as a symptom of a “K‑shaped” economy that widens the gap between those who can afford premium items and those who must stretch budgets and borrow to cover basic food costs.

In June the federal government announced a $3.2 billion national food‑security strategy. Critics say the plan lacks coherence, noting there is no clear link between domestic production, the Canada Food Guide and affordable diets. Sylvain Charlebois warned that “it’s a big factor. It’s as much of a factor as our currency,” referring to volatile gas prices and exchange‑rate impacts on food costs.