CBC News
International ยท 5 hrs ago
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Quick service restaurants are taking a bigger hit as Canadians feel crunched by the cost of living
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Quick service restaurants in Canada are experiencing greater revenue declines than upscale dining establishments as cost-of-living pressures force lower-income consumers to reduce spending, reflecting a widening economic divide.
Quick service restaurants are taking a bigger hit as Canadians feel crunched by the cost of living
While restaurants of all kinds are feeling pinched, quick service restaurants are getting hit harder than higher-end ones, according to a report from Restaurants Canada. It's a signal of a K-shaped economy , where those with the most money can still shell out for a nice meal, but those with lower incomes have no option but to cut back.
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