Canadians say they are dining out at restaurants less than last year amid the heightened cost of living, according to new data from Restaurants Canada, which shows higher income households with the sharpest change.
A retail analyst and consumer expert says the report is another example of the “K-shaped” economy writ large, which sees a growing divide between top earners in Canada and lower income brackets that is also showing strain among more middle and higher income earners.
The report was released Thursday and featured details of Restaurants Canada’s survey, which was conducted by Angus Reid in May and included 1,500 Canadian participants…
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