This report examines the short-and medium-term economic and profitability outlook for Food Services Industry.
Canada’s Food Services Industry: Summer 2010
Canada’s Food Services Industry: Summer 2010
Industry Economic Analysis
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- Labour Market—Employment growth has been especially strong in Canada since the beginning of the year, feeding demand for restaurants.
- Weak Foreign Tourism—International tourist arrivals are expected to remain tamed due to the high exchange rate and weak economic conditions, limiting the expenditures of foreigners in restaurants.
- Food Prices—Depressed demand for food allowed the industry to benefit from lower food costs; as economies recover, inflationary pressures are starting to re-emerge.
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