National Post- Report finds 7,000 Canadian restaurants closed last year amid rising costs, softening demand and declining alcohol sales
“Business closures do not occur when conditions deteriorate; they occur when resilience is depleted. Owners exhaust personal capital, restructure debt and postpone difficult decisions in the hope that conditions improve. For many restaurants, that hope carried them through 2023 and 2024. By 2026, the arithmetic becomes unavoidable,” the report says.


