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Canada's Restaurants Face Crisis: 36% Losing Money
Description
Canadas restaurant industry is facing a severe crisis, with 36% of spots running at a loss or breaking even due to skyrocketing costs and reduced customer spending. Sales have plummeted, with 49% of operators reporting less revenue and 71% seeing profits shrink. The industry supports over 1 million jobs, but when wallets tighten, restaurants feel the impact first. Restaurants Canada CEO Kelly Higginson is advocating for a permanent tax break on food to alleviate the burden on the industry and consumers.
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