Press release Tapped-out consumers will dampen sales in the food services industry over the next five years. Restaurant sales are forecast to grow by an average of just 1.4 per cent per year between 2018 and 2022, according to The Conference Board of Canada’s Canadian Industrial Outlook: Food Services. “Canadians’ ability to spend will be squeezed not […]
Press release Beer consumption in Canada and foreign demand for Canadian-brewed beer accounted for $13.6 billion in economic activity in 2016, according to a new Conference Board of Canada report. “Consuming a Canadian-brewed beer supports many more jobs and businesses beyond the local brewery,” said Pedro Antunes, Deputy Chief Economist, The Conference Board of Canada. “No matter where Canadians buy beer, they support […]
Press release Canadians continue to reduce the number of calories they are consuming from liquid refreshment beverages. In 2014, Canadians consumed an average 142.5 Calories – calories from sugar – a day from beverages such as bottled water, soft drink, juice and energy drinks. That number dropped to 133.9 Calories in 2015, and 128.0 Calories […]
By Jeni Marinucci Let’s be honest; the news isn’t great. Word comes this week that the restaurant industry may be facing its lowest revenue growth year since 2011, according to a recent report released by The Conference Board of Canada. The report, “Canadian Industrial Outlook: Food Services—Winter 2017,” which can be read in its entirety […]
Press release Solid growth expected for food manufacturers An increasingly competitive landscape and weakening consumer spending will limit revenue growth to 3.9 per cent for Canadian restaurants this year, according to The Conference Board of Canada’s latest Canadian Industrial Outlook: Canada’s Food Services Industry. That would be the industry’s weakest performance since 2011. “As restaurants vie for Canadians’ food dollars, […]
