Canada is currently experiencing its highest rate of inflation in three decades, but somehow milk prices are finding a way to rise even faster. As of January 2022, inflation in Canada sits around 5.1 per cent after breaking the five per cent barrier for the first time in 30 years. However, as predicted by the […]
One rather inevitable effect of the strains on the food industry has been rising costs and higher menu prices, and the consequences have been spectacular. Amid a landscape of stretched supply chains, climate change, a labour crunch, and other factors, restaurants have been raising their menu prices to offset the resulting unprecedented spike in food […]
The Canadian Dairy Commission (CDC) announced on Friday, October 29 an unprecedented 8.4 per cent increase in milk prices. The increase, which equates to six cents per litre, affects the cost of milk used to make dairy products for the retail and restaurant sectors effective February 1, 2022. However, the impact will actually be far […]
Menu prices at restaurants in Canada were 3.1 per cent higher in July 2021 than they were a year ago, reports Restaurants Canada. This represents the largest increase since January 2019, and is over three times the magnitude of the rise in food prices at grocery stores, which climbed by 1.0 per cent. Since January […]
Canadian consumers are ready to keep supporting restaurants, but managing your margins and elevating guest experience are musts. By Tom Nightingale Canadian foodservice and hospitality is finally getting on the road to healing the deep wounds of COVID-19. On July 16, indoor dining reopens in Ontario for the first time since Easter weekend, a landmark […]
This year’s Canada’s Food Price Report forecasts an overall food price increase of 3 to 5 per cent for 2021.
By Jo-Ann McArthur Last month I told you how Millennials are disrupting your business. This month I’m exploring the many ways new technology is causing its own disruption in our industry. From mobile apps to Virtual Reality, digital tech is changing the landscape for guests and owners alike. So, what is the role of digital […]
By Kavita Sabharwal Consumers are always changing, and so are their food and drink preferences. What they want and what is important to them continues to evolve, and the industry is keeping pace with those needs. In recent years, health trends such as superfoods, pulses and smoothies have taken the world by storm, putting an […]
