Over Half of Canadian Restaurants Now Losing Money Due to Rising Costs
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More than half of Canadian restaurants are losing money now vs only 12% before the pandemic.
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51% of restaurants in Canada are currently losing money.
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Restaurants survived the pandemic but higher costs are threatening futures.
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Labor, rent, and food costs have risen for restaurants.
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Per industry group Restaurants Canada - losses up from 12% pre-pandemic to 51% now.