Restaurants hope for holiday boom, but looming recession causes concern

October 25, 2022

Restaurants and bars across Canada are hoping this holiday season could finally spell recovery for the debt-laden sector.

But, elevated inflation and a potential recession have them worried that their new normal won’t pay the bills.

James Rilett, vice-president of Central Canada for Restaurants Canada, said normally the fall is a transition time between the busy summer season and the holidays, which are packed with parties and an opportunity to make some extra revenue before the slow, cold new year season.

Source: Maple Ridge News