2025 foodservice sales buffered by GST holiday as rising operating costs and tariffs cut into profits–Restaurants brace for more obstacles in 2026

2026-02-12 - 12:05

Toronto, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Low foodservice sales projections for 2025 were mitigated by the temporary GST/HST holiday on restaurant meals, coupled with strong domestic travel. Profits remained off for the year in the face of rising operating costs and the U.S. tariff war, and nearly half of foodservice operators (46%) expect their profitability to be worse in 2026, according to Restaurants Canada’s Q4 Quarterly Report. Read More