Canada Could See 4,000 Restaurants Close in 2026: Report

Patrons dine on a patio on King Street in Toronto on Sept. 28, 2021. The Canadian Press/Evan Buhler

Canada is poised to lose an estimated 4,000 restaurants across the country this year, according to the Agri-Food Analytics Lab at Dalhousie University.

Director of the lab Sylvain Charlebois said in a report that the numbers were based on current cost trajectories, balance sheet conditions, and consumer behaviour.