Key industry highlights from our Chief Economist, Chris Elliott’s research, data, and insights.
Summer is usually a time of great enthusiasm and optimism for the restaurant industry as the warm weather…
According to Restaurants Canada’s latest REACT Survey, 62% of Canadians purchased breakfast from a restaurant in July 2023….
84% of foodservice companies reported lower profits in 2023 than 2019, and half of all foodservice companies are operating at a loss or just breaking even.
The latest data from the Office of the Superintendent of Bankruptcy paints a grim picture for Canada’s foodservice industry.
Fewer Canadians purchased a coffee or snack from a restaurant in April 2023. While this was evident across…
Back in January 2022, on-premise dining was shut down again due to the spread of the Omicron variant….
According to Restaurants Canada’s latest forecast, annual commercial foodservice sales in Canada are forecast to decelerate to 6.5% nominal growth in 2023 to $88.3 billion.
Restaurants Canada’s Consumer Dining Index improved in February rose by 15.4 points to 90.5 (July 2022 = 100). This represents the highest level since October 2022. Beginning next month, Restaurants Canada will be able to track dining trends on a year-over-year basis, which will remove the seasonal influence.
