From June 25 to 27, city-wide sales declined 9.3 per cent and transactions fell almost 15 per cent versus the previous weekend, June 18 -29. Hardest hit, were operations within the 20-block downtown fenced-off G20 security zone with sales falling 28 per cent and transactions dropping 41 per cent.
Restaurants in the security zone had a 66.59 per cent plunge in sales and a 56.22 per cent slide in transactions. Downtown restaurants suffered a 33 per cent drop in sales and 25 per cent decline in transactions.
Moneris, which is owned by Royal Bank of Canada and Bank of Montreal, attributed much of the decline to “employers suggesting their staff work form home during the Summit.”