Hardship ahead for Canada’s restaurant sector ...Middle East

Breadcrumb Trail Links Retail & Marketing More than half of Canadian restaurants are operating at loss or barely breaking even Published Jan 17, 2024 • 3 minute read Canadian Federation of Independent Business warns that one of every five Canadian restaurants faces the risk of closure. Photo by Azin Ghaffari/Postmedia Article content Canada’s restaurant sector could be in for a rough ride this year as belt-tightening consumers and a looming deadline for the repayment of pandemic loans take their toll, says a global credit rating agency. “The effects of aggressive interest rate increases have not yet been fully felt by consumers directly nor by the economy as a whole,” DB

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Last updated : 17 January 2024 clock 10:44 PM

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Hardship ahead for Canada’s restaurant sector ...Middle East

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