Trouble brewing? Canadian beermakers foresee closures amid economic challenges

Amid a reported increase in restaurant insolvencies, Canada's craft brewers say their razor-thin margins are being sliced even thinner by rising interest rates and production costs, such as production materials, packaging, taxes and transportation.

Trouble brewing? Canadian beermakers foresee closures amid economic challenges
Callister Brewing Company co-founder Chris Lay is seen holding a beer. He says his company will be forced to close in December after its new landlord hiked their rent by 45%.

Amid a reported increase in restaurant insolvencies, Canada's craft brewers say their razor-thin margins are being sliced even thinner by rising interest rates and production costs, such as production materials, packaging, taxes and transportation.