Canadians cut spending at quick service restaurants due to cost of living pressures

Quick service restaurants are experiencing a significant downturn as Canadians cut back on spending due to the rising cost of living. A report indicates quick service is hit harder than higher-end establishments, reflecting a K-shaped economy where lower-income households reduce discretionary spending. Fine dining, however, shows growth. This trend suggests quick service restaurants may be an early indicator for broader industry challenges, with rising costs impacting both businesses and consumer habits.