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](https://i.cbc.ca/1.7039910.1700868910!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/chris-lay.jpg)
![Callister Brewing Company co-founder Chris Lay says his company will be forced to close in December after its new landlord hiked their rent by 45%. 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%.](https://i.cbc.ca/1.7039910.1700868910!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/chris-lay.jpg)
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.