LCBO workers and supporters hold a strike rally at a picket line in front of an LCBO store, in Toronto on Saturday, July 6, 2024. While the LCBO strike may provide an opportunity for private alcohol retailers and grocery chains selling beer and wine, for some restaurants and bars in Ontario, the strike comes at a time when they are already grappling with significant challenges.
"It's one more very difficult thing for restaurants to deal with," Restaurants Canada's vice-president for Ontario Kris Barnier said in an interview withRestaurants Canada says about 14,000 of the approximately 38,000 restaurants in Ontario serve alcohol. While Barnier says it's difficult to know exactly how many of those establishments are dependent on LCBO products, "it's probably going to be the overwhelming majority.
"One way or another, alcohol is a huge revenue stream for restaurants and bars. When that is disrupted, you create some real challenges." Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, July 09, 2024 -- Ascot Resources Ltd. is pleased to announce that due to strong demand, it has increased the size of the previously announced public offering of flow-through units to 30,242,000 Flow-Through Units at a price of C$0.496 per Flow-Through Unit and of hard dollar units report. Powell says more "good data" is needed for the Fed to cut rates.