Canada’s Food Services Industry: Industrial Outlook Winter 2016
This report examines the short-and medium-term economic and profitability outlook for Canada’s Food Services Industry.
- Tourism Spending—A weak Canadian dollar is encouraging international tourists to visit Canada and making Canadians rethink any travel abroad. This should support rising foreign and domestic tourism spending at food services operations.
- Labour Shortages—Shortages of both skilled and unskilled workers continue to challenge certain regions of Canada and keep pressure on industry wages.
- Canadian Consumers—Slowing disposable income growth and record household debt levels mean that average Canadian consumers will be hard pressed to increase their current rate of spending. This could translate into weaker domestic demand for dining out.