More than half of Canadian restaurants are losing money
Canada's restaurant industry survived the pandemic, but many establishments' futures may be at stake thanks to higher labour, rent and food costs. More than half — 51 per cent — of restaurants in Canada are currently losing money, compared to just 12 per cent before the pandemic, according to industry group Restaurants Canada. Watch The National live on YouTube Sunday-Friday at 9 p.m. ET Subscribe to The National: https://www.youtube.com/user/CBCTheNational?sub_confirmation=1 More from CBC News | https://www.cbc.ca/news The National is the flagship of CBC News, showcasing award-winning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters helps you make sense of the world, wherever you are.
32893 views 183 likes
Channel: CBC News: The National
Canada's restaurant industry survived the pandemic, but many establishments' futures may be at stake thanks to higher labour, rent and food costs. More than half — 51 per cent — of restaurants in Canada are currently losing money, compared to just 12 per cent before the pandemic, according to industry group Restaurants Canada.
Watch The National live on YouTube Sunday-Friday at 9 p.m. ET
Subscribe to The National:
https://www.youtube.com/user/CBCTheNational?sub_confirmation=1
More from CBC News | https://www.cbc.ca/news
The National is the flagship of CBC News, showcasing award-winning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters helps you make sense of the world, wherever you are.
Video length: 1:54
Category: News & Politics
comments
Channel: CBC News: The National
Canada's restaurant industry survived the pandemic, but many establishments' futures may be at stake thanks to higher labour, rent and food costs. More than half — 51 per cent — of restaurants in Canada are currently losing money, compared to just 12 per cent before the pandemic, according to industry group Restaurants Canada.
Watch The National live on YouTube Sunday-Friday at 9 p.m. ET
Subscribe to The National:
https://www.youtube.com/user/CBCTheNational?sub_confirmation=1
More from CBC News | https://www.cbc.ca/news
The National is the flagship of CBC News, showcasing award-winning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters helps you make sense of the world, wherever you are.
Video length: 1:54
Category: News & Politics
comments
