Restaurants across Canada are “in crisis” and still fighting for survival, says Restaurants Canada, a not-for-profit representing 30,000 restaurants countrywide.
They are said to be facing a “triple whammy” of challenges: inflationary costs, labour shortages and COVID-19 loan repayments.
“We’re in this post-pandemic hangover phase,” said Mark von Schellwitz, vice-president of the Western Canada division. “It’s been really difficult to get back to normal.”
Bankruptcy filings in food services have spiked 116 per cent since 2022, according to Restaurants Canada. It says about half of restaurants are unprofitable right now, compared to only 12 per cent before the pandemic.
Mark von Schellwitz with Restaurants Canada says 25 per cent of members worry they won’t be able to survive
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