Introduction to the Canadian Food Service Industry The Canadian food service industry is facing an "alarming" trend, according to Kelly Higginson, Managing Director of Restaurants Canada. This trend is particularly concerning for the younger generation, who will soon become the main consumer group. A recent report revealed that younger Canadians prioritize price, value, and comfort when it comes to dining out, more so than older Canadians. Rising Costs and Weaker Expenses Squeeze Restaurant Profits The restaurant industry has slowed down compared to pre-pandemic levels. Canadians are expected to spend $1,035 in full-service restaurants and $1,135 in quick-service restaurants this year, which is a decrease from $1,165 and $1,150 in...

Introduction to the New Normal The pre-pandemic standard of working in the office for five days is making a comeback for many Canadians. However, this time around, it's not exactly the same. The costs of almost everything, from food to gas, have increased significantly over the past five years. But for many office-goers, their salaries haven't kept pace. The Rising Costs of Commuting For those returning to the office, the costs of transit, parking, meals, and even dog walkers are expected to increase as they prepare to spend more time outside their homes. Financial educator Edueek Brooks estimates that the cost of returning to the office can range from...

Introduction to Financial Planning Many Canadians are rethinking their financial strategy due to economic uncertainty. A survey of 1,045 Canadians found that 52% of respondents...

Budgeting and money management are essential skills that everyone should possess. With the rising costs of living and the uncertainty of the economy, it's...