{"id":1657,"date":"2022-06-22T04:44:29","date_gmt":"2022-06-22T04:44:29","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/2022\/06\/22\/proof-point-can-canada-feed-the-world\/"},"modified":"2022-06-22T04:44:29","modified_gmt":"2022-06-22T04:44:29","slug":"proof-point-can-canada-feed-the-world","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/","title":{"rendered":"<b>Proof Point:<\/b> Can Canada feed the world?"},"content":{"rendered":"<ul class=\"disc pad-l\">\n<li>Canada\u2019s ability to help alleviate a global food crisis through increased food exports is limited.<\/li>\n<li>Constraints on the conversion of land for farming makes expanding production of crops affected by the Ukraine war unlikely in the short-term. <\/li>\n<li>But as a global fertilizer powerhouse, Canada can help sustain crop yields in other countries.<\/li>\n<li>Canada can increase potash fertilizer production in the near term, but expanding nitrogen fertilizer production will require more time and investment.  <\/li>\n<li><b>The bottom line:<\/b> boosting fertilizer production is one way Canada can make a difference\u2014but it will demand a careful consideration of the impact on costs and emissions.  <\/li>\n<\/ul>\n<hr>\n<h4>Canada can\u2019t easily bridge gaps in global food supplies <\/h4>\n<p>The war in Ukraine, the pandemic and the energy shock have thrown the global food system into disarray. It\u2019s also pushed countries in the Middle East and sub-Saharan Africa to the edge of a food crisis. Ukraine and Russia are key suppliers of grains and oilseeds, with their harvests contributing roughly 12% of the calories traded globally. But many of Russia\u2019s exports have been disrupted by the war while an estimated 20 million tonnes of grain (the equivalent of 2.54% of annual global wheat consumption) remain <a href=\"https:\/\/www.irishtimes.com\/world\/europe\/2022\/06\/07\/how-do-you-get-20m-tonnes-of-grain-out-of-ukraine\/\">trapped<\/a> in warehouses in Ukraine.<\/p>\n<p>Can Canada produce more food to fill the gap? Not in the near term. Canada is the world\u2019s fifth largest exporter of agricultural goods and the fourth largest exporter of wheat, behind Russia, the European Union and the U.S. Cropland is already seeded for this year\u2019s growing season, with Canadian farmers indicating their intention to plant 7.2% more wheat. But despite Canada\u2019s large size, vast portions of additional land cannot be converted to agricultural production due to barriers related to climate and terrain. And expanding farms involves costly undertakings to prepare the land, acquire new supplies, and install irrigation systems. In the future, increasing productivity will largely depend on more efficient techniques and agricultural technologies.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/Chart-1-2.png\" alt=\"\" width=\"956\" height=\"495\" class=\"alignnone size-full wp-image-37566\" \/><\/p>\n<h4>But Canada is a global leader in fertilizer production<\/h4>\n<p>What Canada <em>can<\/em> do is help ensure the situation isn\u2019t made worse\u2014by filling another critical gap. Canada is a top player in the global fertilizer market. It\u2019s the world\u2019s largest producer of potash\u2014a type of potassium fertilizer\u2014and the <a href=\"https:\/\/oec.world\/en\/profile\/hs\/nitrogenous-fertilizers\">14th largest exporter<\/a> of nitrogen fertilizers.<\/p>\n<p>Around the world, the availability of these key inputs is increasingly under threat. Russia, Ukraine, and Belarus account for nearly 15% of global nitrogenous fertilizer exports. The combined impact of the war and sanctions levied against both Russia and Belarus has cut off much of that supply. And amid rising scarcity, other major supplier countries, including China, have imposed export restrictions on fertilizer to protect domestic production. In all, roughly 20% of nitrogen and potash fertilizer exports have been disrupted. <\/p>\n<p>Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating that global shortage. What\u2019s more, 85 to 90% of Eastern Canada\u2019s nitrogen fertilizer comes from Russia. This suggests an opportunity to increase self-sufficiency in this region (though it would require major upgrades to transport infrastructure to move supplies from Western Canada.)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/Chart-3-2.png\" alt=\"\" width=\"956\" height=\"498\" class=\"alignnone size-full wp-image-37565\" \/><\/p>\n<h4>Boosting some production will require investment<\/h4>\n<p>Still, there\u2019s a delicate balance to be struck in maintaining agricultural productivity, increasing fertilizer production, and achieving Canada\u2019s Net Zero ambitions. Major domestic and international fertilizer producers have made investment commitments in Saskatchewan, with the aim of increasing production in the near-term and expanding capacity and efficiency in the longer term.\u00a0<\/p>\n<p>But ramping up production of nitrogenous fertilizers is more difficult. Canadian nitrogen facilities are running at full capacity. And while expanding potash production doesn\u2019t necessarily require new facilities, the investment needed to increase production of nitrogenous fertilizers would be significant. It requires the construction of new manufacturing plants, which could take a year or more to complete.\u00a0<\/p>\n<p>And all of this comes at a time when the federal government is aiming to cut 30% of emissions from chemical fertilizer use by 2030, and move producers more quickly toward Net Zero. Canada has the ability to expand its role as an outsized player in the global fertilizer market, but it will require a coordinated evaluation of the impacts\u2014and significant effort from government, farmers, and other stakeholders.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/03\/Chart-2-2.png\" alt=\"\" width=\"956\" height=\"498\" class=\"alignnone size-full wp-image-37567\" \/><\/p>\n<p>\u00a0<\/p>\n<hr>\n<p><em><b>Ben Richardson<\/b> is responsible for researching pieces for RBC Economics and Thought Leadership. Prior to joining RBC, he obtained a Master\u2019s degree from the University of Toronto and worked in Washington, D.C., at the Woodrow Wilson Center, researching topics concerning Canada-US relations.<\/em><\/p>\n<p><em><b>Naomi Powell<\/b> is responsible for editing and writing pieces for RBC Economics and Thought Leadership. Prior to joining RBC, she worked as a business journalist in Canada and Europe, most recently reporting on international trade and economics for the Financial Post.<\/em><\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis.<\/p>\n","protected":false},"author":281,"featured_media":1629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,82,84],"tags":[31,11,67],"rbc_econ_content_type":[],"class_list":["post-1657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-featured-analysis","category-insights","tag-agriculture","tag-economy","tag-proof-point"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Proof Point: Can Canada feed the world? - RBC Economics<\/title>\n<meta name=\"description\" content=\"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proof Point: Can Canada feed the world?\" \/>\n<meta property=\"og:description\" content=\"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Economics\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-22T04:44:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"7251\" \/>\n\t<meta property=\"og:image:height\" content=\"3501\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Benjamin Richardson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Richardson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\"},\"author\":{\"name\":\"Benjamin Richardson\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0\"},\"headline\":\"Proof Point: Can Canada feed the world?\",\"datePublished\":\"2022-06-22T04:44:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\"},\"wordCount\":791,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80\",\"keywords\":[\"Agriculture\",\"Economy\",\"Proof Point\"],\"articleSection\":[\"Canadian Analysis\",\"Featured Analysis\",\"Insights\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\",\"name\":\"Proof Point: Can Canada feed the world? - RBC Economics\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80\",\"datePublished\":\"2022-06-22T04:44:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0\"},\"description\":\"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80\",\"contentUrl\":\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80\",\"width\":7251,\"height\":3501},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbc.com\/en\/economics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Proof Point: Can Canada feed the world?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#website\",\"url\":\"https:\/\/www.rbc.com\/en\/economics\/\",\"name\":\"RBC Economics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0\",\"name\":\"Benjamin Richardson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g\",\"caption\":\"Benjamin Richardson\"},\"url\":\"https:\/\/www.rbc.com\/en\/economics\/author\/benjamin-richardson\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Proof Point: Can Canada feed the world? - RBC Economics","description":"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/","og_locale":"en_US","og_type":"article","og_title":"Proof Point: Can Canada feed the world?","og_description":"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics","og_url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/","og_site_name":"RBC Economics","article_published_time":"2022-06-22T04:44:29+00:00","og_image":[{"width":7251,"height":3501,"url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","type":"image\/png"}],"author":"Benjamin Richardson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Benjamin Richardson","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#article","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/"},"author":{"name":"Benjamin Richardson","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0"},"headline":"Proof Point: Can Canada feed the world?","datePublished":"2022-06-22T04:44:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/"},"wordCount":791,"commentCount":0,"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","keywords":["Agriculture","Economy","Proof Point"],"articleSection":["Canadian Analysis","Featured Analysis","Insights"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/","url":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/","name":"Proof Point: Can Canada feed the world? - RBC Economics","isPartOf":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage"},"image":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","datePublished":"2022-06-22T04:44:29+00:00","author":{"@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0"},"description":"Canada\u2019s fertilizer industry still has room to grow and could play an important role in alleviating the looming global food crisis. - RBC Economics","breadcrumb":{"@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#primaryimage","url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","contentUrl":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","width":7251,"height":3501},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/proof-point-can-canada-feed-the-world\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbc.com\/en\/economics\/"},{"@type":"ListItem","position":2,"name":"Proof Point: Can Canada feed the world?"}]},{"@type":"WebSite","@id":"https:\/\/www.rbc.com\/en\/economics\/#website","url":"https:\/\/www.rbc.com\/en\/economics\/","name":"RBC Economics","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbc.com\/en\/economics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbc.com\/en\/economics\/#\/schema\/person\/0a9fc2797264e57694f88c744d064bb0","name":"Benjamin Richardson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29e9754658ec3eaf8ef4442b9f4a4e042030c42806eb21ad960a16b2f31de325?s=96&d=mm&r=g","caption":"Benjamin Richardson"},"url":"https:\/\/www.rbc.com\/en\/economics\/author\/benjamin-richardson\/"}]}},"author_meta":{"display_name":"Benjamin Richardson","author_link":"https:\/\/www.rbc.com\/en\/economics\/author\/benjamin-richardson\/"},"featured_img":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80&w=300","jetpack_featured_media_url":"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/03\/Proof-Point_Banner-wide-2.png?quality=80","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/\" class=\"advgb-post-tax-term\">Canadian Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/\" class=\"advgb-post-tax-term\">Featured Analysis<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Insights<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Canadian Analysis<\/span>","<span class=\"advgb-post-tax-term\">Featured Analysis<\/span>","<span class=\"advgb-post-tax-term\">Insights<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Agriculture<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Economy<\/a>","<a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/canadian-analysis\/featured-analysis\/insights\/\" class=\"advgb-post-tax-term\">Proof Point<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Agriculture<\/span>","<span class=\"advgb-post-tax-term\">Economy<\/span>","<span class=\"advgb-post-tax-term\">Proof Point<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 4 years ago","modified":"Updated 4 years ago"},"absolute_dates":{"created":"Posted on June 22, 2022","modified":"Updated on June 22, 2022"},"absolute_dates_time":{"created":"Posted on June 22, 2022 4:44 am","modified":"Updated on June 22, 2022 4:44 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/281"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=1657"}],"version-history":[{"count":0,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/1657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/1629"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=1657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=1657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=1657"},{"taxonomy":"rbc_econ_content_type","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/rbc_econ_content_type?post=1657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}