The Canadian Industrial Outlook Service includes detailed five-year forecasts in 16 key Canadian industries. The report examines the short- and medium-term economic and profitability outlooks for these industries.
Canada’s Food Services Industry: Industrial Outlook, Winter 2009
Canada’s Food Services Industry: Industrial Outlook, Winter 2009
Industry Economic Analysis
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- Recession—Poor economic conditions are having a negative effect on demand for food services, as consumers opt for cheaper dining options or to eat at home.
- Food Prices—Although prices for most grain products have from fallen from their peaks, prices for most other food products continue to rise, challenging the industry’s profitability.
- Prices—Food services companies have been able to consistently raise prices above the rate of inflation thanks to their ability to compete on service as well as price. This allows them to pass their rising costs on to consumers and improves profitability.
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