Skip to Main Content

Economist’s Notebook

Key industry highlights from our Chief Economist, Chris Elliott's research, data, and insights.

Economist’s Notebook

Foodservice Bankruptcies Soar 127.6% in May

The latest data from the Office of the Superintendent of Bankruptcy paints a grim picture for Canada’s foodservice industry.

Economist’s Notebook

Restaurant Visits Moderates in April Due to Pullback In Snacking Purchases

Fewer Canadians purchased a coffee or snack from a restaurant in April 2023. While this was evident across all age…

Economist’s Notebook

Eight in 10 Foodservice Operators are Making Less Profit Today Compared to 2019

Back in January 2022, on-premise dining was shut down again due to the spread of the Omicron variant. This resulted…

Economist’s Notebook

Economic Slowdown To Curtail Foodservice Sales in 2023

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.

Economist’s Notebook

Consumer Dining Index Bounces Back in February, But Profits Still Down

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.

Economist’s Notebook

Cooling Economy and Rising Prices Result in Fewer Restaurant Visits in January

According to Restaurants Canada’s latest REACT Survey, the number of restaurant purchases made by Canadians continued to trend down in January 2023.

Economist’s Notebook

Why 2022 Was Not the “Return-to-Normal Year” as Hoped for by Many Restaurant Owners

Despite an increase in restaurant traffic in 2022 compared to 2021, more was needed to enable restaurant owners to

Economist’s Notebook

Real Foodservice Sales Drop in November 2022

Taking into account menu inflation, November 2022 real commercial foodservice sales were 4.7% lower across Canada compared to the same…

Economist’s Notebook

How to Beat the January Lull in Foodservice Sales

As January is typically a slower month for the restaurant industry, a greater share of Canadians said they expect to…

Economist’s Notebook

Dinner Purchase Frequency Tumbles in November

The share of Canadians who purchased dinner from a restaurant at least once a week or more fell to 26%…