Key industry highlights from our Chief Economist, Chris Elliott’s research, data, and insights.
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.
According to Restaurants Canada’s latest REACT Survey, the number of restaurant purchases made by Canadians continued to trend down in January 2023.
Despite an increase in restaurant traffic in 2022 compared to 2021, more was needed to enable restaurant owners to
Taking into account menu inflation, November 2022 real commercial foodservice sales were 4.7% lower across Canada compared to…
As January is typically a slower month for the restaurant industry, a greater share of Canadians said they…
