This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Services Industry.
Canada’s Food Services Industry: Industrial Outlook Summer 2014
Canada’s Food Services Industry: Industrial Outlook Summer 2014
Industry Economic Analysis
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- Material Costs—Lower prices for agricultural commodities, such as grain and oilseeds products, will limit material cost increases. The one exception is meat prices, which have risen sharply over the past year.
- Consumer Confidence—Rising consumer confidence suggests that consumers have become more optimistic about their finances. This could lead to more spending at restaurants.
- Labour Shortage—Labour shortages in certain regions of Canada have hindered the ability of restaurant operators to hire the workers they need. That affects day-to-day operations and increases the pressure to raise wages.
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