The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. 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 2009
Canada’s Food Services Industry: Industrial Outlook, Summer 2009
Industry Economic Analysis
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- Consumers Opt Out—Full-service restaurants have borne the brunt of the recession’s effects on the industry, as consumers opt for cheaper dining options or choose to eat at home.
- H1N1 Virus—The SARS experience of 2003 shows that a widespread outbreak of the H1N1 virus in Canada this flu season would have significant negative consequences for the industry.
- Prices—Food services companies continue to raise their prices above the rate of inflation. This has limited the effect of reduced unit sales and higher food prices on profitability.
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