Restaurants usher in higher prices, smaller portion sizes as costs rise, report says:

The Restaurants Canada report says the industry is continuing to
struggle financially, with half the country’s eateries operating at a
loss or just breaking even.

The report, entitled Foodservice Facts, says foot traffic to
restaurants is still below pre-pandemic levels with real sales adjusted
for inflation 11 per cent under 2019 results.

It found hiring in the restaurant sector is lagging Canada’s overall
job recovery, with the workforce 171,300 jobs short of pre-pandemic
levels as of May.

Restaurants usher in higher prices, smaller portion sizes as costs rise, report says: The Restaurants Canada report says the industry is continuing to
struggle financially, with half the country’s eateries operating at a
loss or just breaking even.The report, entitled Foodservice Facts, says foot traffic to
restaurants is still below pre-pandemic levels with real sales adjusted
for inflation 11 per cent under 2019 results. It found hiring in the restaurant sector is lagging Canada’s overall
job recovery, with the workforce 171,300 jobs short of pre-pandemic
levels as of May.Read More