They’re staple products for the Greek restaurant, Gerges said, along with produce, a cost that bounces up and down like the price of gold. Escalating food prices aren’t the only headache for restaurants heading into the first quarter of 2026. (Submitted by Janick Cormier)Cormier said 41 per cent of restaurants in Canada are operating at a loss or barely breaking even. “We're expecting the number of restaurants to decrease by about five to seven per cent across the country,” he said. “People are spooked by food prices,” he said.

Source: CBC News January 12, 2026 20:31 UTC