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For Many Canadian Restaurant Operators, Things Got Worse Over the Summer


Soaring inflation led to slower sales and deteriorating profits 3Q-22 according to the latest “Restaurant Outlook Survey” from Restaurants Canada. Among those reporting for the survey, 52% said they experienced lower sales during the period compared with 3Q-19. Only 30% saw higher sales compared to the equivalent pre-pandemic quarter. Traffic declines were a big driver…

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