Majority of Canadian restaurants at risk of closing, survey of businesses finds – business news


Elana Shepert / Vancouver is awesome – | History: 309188

More than half of Canadian restaurants are at risk of closing their doors in the next three months, according to new government data.

On August 26, the Canadian Business Conditions Survey, conducted by Statistics Canada with support from the Canadian Chamber of Commerce, found that 29% of accommodation and food services businesses cannot operate at all with social distancing measures in force.

The investigation also revealed that an additional 31% of these companies will only be able to remain operational for a maximum of 90 days with distancing measures in place. In other words, up to 60% of the industry could fail within three months.

Report author Harrison Ruess, the chamber’s public affairs officer, notes that the numbers are of particular concern as “83% of businesses in the accommodation and food services sector have temporarily closed their doors and two-thirds were forced to lay off staff due to COVID. According to Restaurants Canada, the restaurant industry has lost 800,000 jobs. ”

Ruess says the government has not created a stimulus package tailored to the needs of hardest hit industries, like foodservice. As a result, the Chamber and 15 catering companies, representing more than 60 brands, are launching the “Our restaurants” campaign.

“We must act now. Across Canada, our restaurants are where we meet for business or pleasure, where we got our first job, and where our families spend an evening. Simply put, our restaurants are the cornerstones of our communities, ”said the Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. “The ‘Our Restaurants’ campaign underscores the urgent need for Canadians – both the public and our governments – to come together to support these businesses when needed.

The campaign aims to highlight the current situation of Canadian restaurants facing COVID-19: high costs, fewer customers and government programs ill-equipped for the unique and long-term challenges facing the industry.


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