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Restaurants Canada welcomes the Ontario Competitiveness Tax Cut announced today in the province’s Fall Economic Statement as an important step toward strengthening the restaurant industry’s ability to invest, improve productivity and create jobs in communities across Ontario.
Restaurants are a significant driver of Ontario’s economic growth and employment. However,...
Despite stronger-than-expected sales growth, Canada’s restaurant industry continues to face significant financial pressures, with 67% of restaurants reporting lower profitability compared to a year ago and 44% expressing pessimism about 2027, according to Restaurants Canada’s latest Quarterly report.
“Stronger sales don’t necessarily mean healthier restaura...