Restaurant Transactions from Moneris Improve in May
Restaurants Canada is pleased to introduce a new report that tracks weekly changes in net transaction volumes across Canada’s foodservice industry. Based on data from Moneris Data Services, both table- and quick-service restaurants saw an uptick in transaction volume in May compared to April.
On a year-over-year basis, however, same-store transactions at table-service restaurants declined in May, continuing the downward trend observed in March and April.
In contrast, same-store transactions at quick-service restaurants rose in May, building on gains in April. While most provinces saw increased activity, Ontario and Nova Scotia reported slight declines in transaction volumes.
Outlook
Persistent tariff uncertainty continues to weigh on consumer confidence, contributing to regional declines in foodservice activity. Stay connected with our monthly updates to benchmark your restaurant’s performance against evolving industry trends.
Note: The Index of Restaurant Transactions is based on exclusive consumer transaction data provided by Moneris Data Services. Moneris is Canada’s number one payment processor with over 3.5 billion transactions spanning more than 325,000 retail and restaurant merchant locations.
For the full report, click here.
As the Chief Economist and Vice President of Research for Restaurants Canada, Chris Elliott manages and produces a comprehensive research program that has made Restaurants Canada a leading source of information for and about Canada’s nearly $120-billion foodservice industry. Chris tracks and analyzes key industry and economic indicators and translates them into member reports and publications. He also provides research to support Restaurants Canada’s lobbying efforts on issues that affect foodservice operators – from payroll taxes to food costs.
Chris has worked with Restaurants Canada for over 20 years, has a Bachelor of Arts and Master’s Degree in Economics and specializes in economic modelling and forecasting.
