When pandemic measures began mandating restaurant closures and the segregation of businesses into “essential” versus “non-essential” enterprises, we were assured that this could never be a long term problem because the economy would “recover”. In reality, recovery is starting to look an awful lot like recession.
Bankruptcy filings in food services have spiked 116 per cent since 2022, according to Restaurants Canada. It says about half of restaurants are unprofitable right now, compared to only 12 per cent before the pandemic.
Restaurants Canada is calling on the federal government to extend the CEBA repayment deadline. The program offered interest-free loans of up to $60,000 to small businesses and not-for-profits. The deadline to pay back loans is Dec. 31, 2023.
Restaurants Canada estimates 20 per cent of its members won’t be able to pay back the loans by deadline.
Can’t afford to go to a restaurant anymore they want 20$ for a hamburger Not they’re fault it’s the carbon tax on shipping etc
$20 isn’t much. It used to be more, but now it isn’t much, and before the Liberals are done it will be even less. Enjoy hamburgers for only $20 each while you still can.
Unfortunately, I haven’t given myself a big raise recently, unlike the MPs. There should be a law that the lawmakers suffer the consequence of their laws.
We have a double, triple whammy with the government created inflation , the covid destruction of businesses and families, and massive debt with people trying to keep up the constant destruction of their world. There was and is no need for any of it.
Catherine Austin Fitts and others have maintained all along that COVID was just a way of masking the Jackson Hole Wyoming 2019 decision to stop kicking the can down the road from the 2008 recession and made a useful medical smokescreen to cover up the financial
crime and that excess deaths are a great way to reduce social safety net obligations that the Organized Criminals Running Governments weren’t able to pay out due to their drunken sailor borrowing.
Now, if you’ll excuse me, I’ll help myself to the bearer bonds laying in plain sight and retire to my house in Cost Rica just down the street from Manitoba’s Disaster Pallister.
The Kings Government of Canada is Skynet!
I wish! Then at least it would be competent although still evil.
We are blessed that the government is incompetent in its evil machinations. Otherwise things would be much worse.
Serves them right, they banished the unvaxxinated and took the blood money.
That’s pretty well my take on it too…
Our small rural Alberta town has lost 3 of the 5 restaurants it had pre-covid, the bakery, a hair salon, and a couple of others. Grabbed two small burgers and fries with the grandson on the way to his ballgame – came to $35.00. Not blaming the restaurant – heard that his costs on burgers had gone up – again – by 70 cents apiece last week. There is NO such thing as switching off an economy and then turning it back “on.” The carbon tax has compounded the pain. Red Rachael is promising to hike business taxes if she wins the election and spend Alberta into oblivion. On top of that, the local property taxes in this rural county have sky-rocketed this year pushing already strapped families to the brink.
What can’t go on, won’t but there will be an enormous price to pay (no pun intended) before any kind of sanity returns.
This is the start of what I predicted in April 21 when the shutdowns were extended beyond the initial alleged 2 weeks to slow the spread. This is just the beginning. With workers not going into work the economy will change. First the restaurants, then retail spaces, then service providers, then commercial property owners, then overbuilt undersubscribed transit systems culminating in diminished tax receipts and diminished municipal services. It is a sure fire road to economic disaster and the Turd thinks that it’s going to correct itself. But it so doing it will hurt a lot of middle class people. Strangely enough the same elites and their well behaved minions will prosper.
An economy is like an engine. It runs if it is properly maintained and lubricated. If one fails, then something doesn’t operate as it should and performance diminishes. If it’s ignored or improperly maintained eventually it fails. That seems to be the Turd’s way of dealing with the economy.
But it so doing it will hurt a lot of middle class people.
But that is the intent of the policies. Remember the Communists in Russia persecuted the middle class farmers, the Kulaks. The middle class is capable of resisting top down rule, therefore it must be reduced. The poorer classes will be made dependent upon the government. All the scheming globalists need are a few million scribe class, to service their planes and count their assets.
And, also, the globalist arsitocracy will find it easier to control a much smaller population on the planet. So, goodbye billions of people.
This went 100% according to PLAN.
Note who thrived..hmm..??
Costco
WalMart
SuperStore & other large retail outlets.
Every liquor outlet in the nation.
Who lost..?? Every Privately owned business in the country.
“You will own nothing & be happy”
“Restaurants Canada is calling on the federal government to extend the CEBA repayment deadline.”
Nah. Not on my dime, Skippy. You took the silver…now you can pay it back. You chose to go along with the charade now start paying. It sux I know. Throwing Adam Skelley under the bus was your first mistake.
Of course forcing your employees to act as brownshirts demanding my name and address before being seated for contact tracing was the final humiliation.
Hey, “Frank Parsons from Thunder Bay”…sorry about that.
Years ago I worked for Ernst & Young. The insolvency guy in our office said you had to be the third owner of a restaurant to make a go of it. The first owner sinks all his money in and goes bankrupt before opening. The second owner picks up the assets for pennies on the dollar from the receiver, opens and goes bankrupt. The third owner does the same via the receiver, opens and is successful. If there is a market down the road, new restaurants will open.
He also said at the time (early ’90s) that you could get a million dollars worth of cigarettes at retail into a cube van, but that’s a story for another day!
Like Steakman says.
Exactly to plan.
Hey suckers..They own you.
Will our malicious kleptocrats deny EI to the workers when these businesses fail?
Cause they did not “payback” their CERB?
How exactly did government gain the power to deny EI,when it is a compulsory program of taxation?
Now EI is openly political why should we contribute one cent?
The benefit of Dread Covid Theatre has been these revelations..All our enemies have aligned and boasted their intent.
Believe them.
No problem! These restaurants can simply reimagine themselves as delivery only. I was told this repeatedly by the fascist lockdown mongers. I was shown countless feel-good news stories about all the clever restaurateurs who moved from an in-dining model to an out-delivery food model. From China and tablecloths to Chinese takeout containers.
I can’t wait for a new wave of feel-good stories about restaurants changing to delivery only models.
Know a local restaurant (family owned) where the owner (son of first owner) openly says that they are still going because they had – before Covid – a good delivery system and customers who kept ordering. Have seen a lot of small businesses (not just restaurants) quietly disappear.
Two just this past month in westend Toronto that I used, including a longtime place in a good spot just across from a subway station.
PLEASE VIEW THIS AND PASS IT ON.
https://www.bitchute.com/video/tgeJAGZmv8oI/
With food so expensive who can afford the restaurant markup and a tip?.. Besides, doing what they were told or not.. They locked me out.. Talk about a customer service punch in the face..
What did we do, learn how to cook.. What did they do, make food in grocery stores as expensive as possible.. More monopolies for your friends BS..
None of it had to happen..
I feel sorry for the mom and pop operations.. I have no sympathy for the rich people chain restaurants.. It was that class of people who rolled over like little lap dogs for the lockdowns.. Screw the government and their first born sons.. FPPT..
The restaurant association in BC publicly supported the pandemic shutdowns and limitations. Late they come, but still they come.
Not one court challenge by the industry perhaps hardest hit of all.
People have a budget for food and with massive inflation have to find ways to cut costs. One huge way to cut costs is to eat out less often. Every restaurant meal foregone is lost income for a restaurant. It’s inevitable that a lot of them will be poorer or bankrupt.
Government is here to help you. /sarc
What can the government do for, … er to you?
An interesting question is how many of those CEBA “loans” went to bankrupt businesses, who suddenly went bankrupt just after they got the money (up to $60k)