By Alyssa Furtado, RateHub.ca

Special to the Financial Independence Hub

A University of Guelph report predicts Canadians will spend an additional $345 on groceries this year. However, there are ways to help offset the rising costs using certain types of credit cards.

Food is getting more expensive and the weak Canadian dollar hasn’t helped. The report notes that for every cent the dollar drops over a short period of time, fruits and vegetables are likely to rise by more than 1%. Unfortunately, more than 80% of all fruit and vegetables are imported.

Going out for dinner is also expected to cost more this year. Food prices in restaurants are forecast to rise between 1.5% and 3.5% in 2016.

RateHub.ca has found a few cash-back credit cards that can help neutralize these rising food costs. Here are our three favourites: Continue Reading…