Food costs continue to soar, even as Canada’s inflation rate slows

Canada’s inflation rate slowed to 6.3 per cent in December (the lowest it’s been since February 2022), with the cost of living declining 0.6 per cent in November and December. According to reports, the reduced rates are directly related to lower gasoline prices, resulting in December’s lowest one-month dip since April 2020. Food prices, however, […]

Will 2023 bring the foodservice industry closer to recovery?

As the foodservice industry continues to move towards a full recovery, restaurants are gearing up for a challenging 2023. Restaurateurs are not especially optimistic, with only 16 per cent expecting profits to increase and 50 per cent preparing to lose money next year. In an effort to boost bottom lines, over 30 per cent have […]

Making the most of your inventory management

These days, amid labour shortages, inflation, and supply chain disruptions, it’s more important than ever to get a handle on the things you can control, like inventory management. Managing your restaurant’s inventory efficiently could have a major effect on your bottom line. Effectively managing your inventory means streamlining purchasing, monitoring storage, and efficiently using your […]

Is employee burnout hurting your business?

Following the last few years of struggling to remain open, pivoting their business models, handling supply chain delays, tackling labour shortages, and managing food inflation, it’s safe to say that many in the foodservice industry are experiencing burnout. Despite adding 74,000 foodservice jobs in the summer of 2022, 65 per cent of operators report still […]

Canadian menu prices to remain steady through the holidays despite continuing inflation

As inflation continues to climb in Canada, restaurateurs are looking for ways to keep their dining rooms full and their profit margins high. With supply chain shortages and skyrocketing prices for items like lettuce, it can be a challenge to balance a superior customer experience with a healthy bottom line. Unfortunately, food costs have already […]

How loyalty can help offset the effects of inflation

In today’s economy, loyalty is more important than ever. As prices continue to rise and people watch their discretionary spending, you want your restaurant to be their destination of choice. As a restaurateur, knowing your customer is a fundamental factor for success. The better you get to know them, the easier it will be to […]

2023 sees food prices rising even higher

As consumers and restaurants continue to struggle with record-high food prices, there’s no end in sight for Canadians. Even though the Bank of Canada has helped to lessen some of the causes of food inflation, but global factors like gas prices and the value of the Canadian dollar will play a part in what happens […]

Finding ways to raise your restaurant’s profit margin

As inflation continues, it may be tempting to raise menu prices to offset costs and maximize your margins, but there’s another way. Rather than increasing what you charge, get creative with cutting costs to raise your profit margin.   Improving your profit margin means you need to know your current numbers. While your gross profit […]

How inflation has impacted Canadian Thanksgiving

The ever-increasing food prices are affecting Canadian households across the board, from grocery shopping to family celebrations. Going into Thanksgiving, Canadians were looking at this year’s holiday a little differently, with 88 per cent expecting to be impacted by inflation and 18 per cent expecting to spend less than last year. From turkey to sides, […]

Can dynamic pricing work for your restaurant?

As Canadians continue to face inflation and the possibility of a recession, many restaurants are looking to recoup costs without abruptly raising menu prices. Dynamic pricing could be the answer. What is dynamic pricing? In simple terms, it’s the idea that prices fluctuate across the board on a schedule several times a year. While this […]