Canadian Pizza Magazine

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Canadian restaurant industry grows for five years in a row: report


March 18, 2015
By Canadian Pizza

March 18, 2015, Toronto – The Canadian restaurant
industry expanded for the fifth straight year in 2014, growing to $72
billion in annual sales and 1.2 million employees across the country.

March 18, 2015, Toronto – The Canadian restaurant
industry expanded for the fifth straight year in 2014, growing to $72
billion in annual sales and 1.2 million employees across the country. 

“In an era of rising costs and increased competition, five straight
years of growth is truly remarkable. Restaurants are more important than
ever to the Canadian economy and society,” said Donna Dooher, interim
president and CEO of Restaurants Canada, in a news release.

“While many other industries move online, restaurants remain at the heart of neighbourhoods across Canada.” 

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In the restaurant business, higher sales also mean more jobs – especially for first-time job seekers.
 
“This is a people business, which means that as a restaurant, bar or
caterer grows, they invest in hiring,” said Dooher. “We provide more
first-time job training than any other industry.”

Like many other businesses, restaurants took a hit in 2009 due to the
recession. However, the industry has since climbed its way back, with
growth driven primarily by restaurants and caterers and by a booming
economy in Western Canada.

The association is forecasting continued growth for the industry in 2015.