Restaurant Industry Grows for Fifth Straight Year

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TORONTO — The Canadian restaurant industry expanded for the fifth year in 2014, growing to $71.8 billion in annual sales in 2014, compared to $68.4 billion in 2013.

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

The restaurant industry took a hit in 2009 due to the recession. Restaurants Canada is forecasting continued growth for the industry in 2015.

 

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