Restaurants in Canada Suffer Worst Year in at Least Two Decades

Canadian restaurants and bars suffered their worst year for sales on record in 2020.

Sales at eating and drinking establishments in Canada dropped 28% from the year before, Statistics Canada reported Thursday in Ottawa. That’s the largest drop in records dating back more than two decades and shows the extent to which large-scale closures and restrictions affected business activity.

Restaurants in Canada Suffer Worst Year in at Least Two Decades

Food trucks and catering companies as well as bars, taverns and other drinking spots were hit hardest by the virus containment measures, with sales dropping about 48%. By contrast, limited-service eateries or those specializing in fast food or takeout suffered a sales drop of 13.4%.

Although restrictions have started to ease in major provinces in February, the food and drinking sector is likely to face headwinds until vaccines are widely available and consumers are comfortable going out and spending money without fear of contracting and spreading the coronavirus.

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.