Restaurant industry calls for action in upcoming Ontario budget

Feb. 6, 2009

TORONTO – With restaurant revenues expected to fall by $575-million this year, and steep job losses in Ontario, the Canadian Restaurant and Foodservices Association (CRFA) is calling for action in the upcoming provincial budget to help restaurant owners weather the storm.

The outlook for Ontario’s restaurant industry is the worst since 1991:

“We are not asking for bail-outs or subsidies, but we are asking the Ontario government to take action in the upcoming budget to mitigate the impact of these unprecedented challenges,” says Stephanie Jones, CRFA Vice President Ontario. “The restaurant industry relies on disposable income, so clearly we’ll be operating in a much more challenging environment given the employment numbers released today by Statistics Canada.”

Among the recommendations in CRFA’s pre-budget submission to the province:

“The restaurant industry is a huge contributor to employment, tax revenues, investment and tourism in Ontario,” says Jones.  “But our ability to sustain that contribution is going to be seriously compromised unless we see some relief in the provincial budget.”

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