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 2015
Canada’s Food Services Industry: Industrial Outlook Summer 2015
Industry Economic Analysis
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- Confidence in Job Market—Consumers’ outlook for future job prospects remains bleak. This may limit their willingness to spend at restaurants.
- Increased Foreign Tourism—A rising number of international visitors to Canada will support spending on food services.
- Material Costs—Lower prices for some agricultural commodities, such as grain and oilseed products, will only partially offset higher prices for industry inputs. including meat products, seafood, and fruits and vegetables. As a result, growth in material costs is expected to remain solid.
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