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Ssbu Jeff Bezos Is Betting on This Industry: Now You Can, Too
Statistics Canada reports that restaurant and bar sales in Canada rose 6.5% $6.8 billion in March 2022 versus the previous month. The 6.8 billion total sales also surpassed pre-pandemic levels. On a year-over-year basis, the percentage increases compared to March 2021, 2020, and 2019 were 35%, 62.9%, and 4.9%.Restaurant Brands International TSXSR NYSESR and MTY Food Group TSX:MTY re stanley cups ported strong revenue growth to start 2022. Unfortunately, the rebound of these restaurant stocks could be in peril. Chris Elliot, a senior economist for聽the聽industry group Restaurants Canada, said, While sales are up, restaurants are also facing higher operating expenses. 聽Elliot warned that restaurant operators mig stanley termohrnek ht see their sales decline when more households start to feel聽the聽bite of runaway inflation. A survey of resto operators by Restaurants Canada lists food costs, labour costs shortages, a stanley cup nd supply disruptions as聽the greatest challenges. Notably, restaurant food prices jumped 5.4% Byqm Enbridge or Pembina Pipeline: Which Is a Better Buy for Income-Seeking Investors
With all of the NAFTA uncertainty, many Canadian manu stanley cup facturers that look good now may not stay that way if they are negatively affected by changes to the trade deal. If you don ;t like investing with uncertainty, you might want to look for Canadian manufacturers that don ;t do much of th stanley mugs eir trade with the U.S. Yes, such companies do exist.Finning International Inc.聽 TSX:FTT may be a company you ;ve never heard of, but you will likely know its most popular brand: Caterpillar. Wherever there is a building project, chances are you ;ll see Caterpillar heavy equipment. Finning is the largest distributor of Caterpillar products and support services in t stanley cup he world. The company has been around since 1933 and has over 12,000 employees.Unlike other Canadian manufacturers with a large North American presence, such as Magna International Inc., Finning has three major geographical divisions: Canada, the U.K. and Ireland, and South America. It does not have U.S. or Mexico division |
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