This industry profile provides a five-year forecast for Canada’s Food Services Industry.
Canada’s Food Services Industry: Industrial Profile Autumn 2012
Canada’s Food Services Industry: Industrial Profile Autumn 2012
Industry Economic Analysis
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- Consumer Confidence—Consumer confidence remains well below pre-recession levels. And with dining out often being discretionary, weak confidence is limiting spending growth at restaurants.
- Food Prices—Rising agricultural commodity prices, particularly for wheat and corn, due to drought are pushing up food prices once again.
- Technology Adoption—New technologies, such as Wi-Fi access and mobile payment options for customers, can help to boost traffic and increase operational efficiencies.
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