This industry profile provides a five-year forecast for Canada’s Food Services Industry.
Canada’s Food Services Industry: Industrial Profile Autumn 2015
Canada’s Food Services Industry: Industrial Profile Autumn 2015
Industry Economic Analysis
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- Confidence in Job Market—Consumers could be less willing to spend at restaurants, as their outlook for future job prospects remains bleak.
- Material Costs—Lower prices for agriculture commodities such as for grain and oilseed products will only partially offset higher prices for seafood, meat products, and fruits and vegetables. The result will be steady growth in material costs.
- U.S. Economy—The U.S. recovery and the weakness of the Canadian dollar are bringing more foreign visitors to Canada, which will sustain spending on food services and mitigate some of the headwinds.
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