Cassandra Shedden has sometimes had to rummage around her home, looking for things to hawk, just to pay for baby formula.
The 33-year-old mother of three in Thunder Bay, Ont., describes the price of formula today as “gross.”
According to Statistics Canada, formula prices have climbed nearly 84 per cent since 2017 and about 30 per cent in just the last two years.
I wonder if this has anything to do with it. As I recall this is the only Baby Formula producer in Canada.
A winning formula? China invests in Canadian dairy to help feed its baby boom
Donald Trump called Canada’s supply-managed dairy sector a “disgrace.”
Indeed, Canada’s strict system of production quotas, import restrictions and price and quality controls is a perennial target for free traders.
But guess who likes it? The biggest market Canada is wooing right now: China.
Supply management is a big reason why a Chinese corporation is investing an unprecedented $225 million in eastern Ontario. Feihe International, Inc. wants cows. Goats, too. Lots of them.
