Toronto restaurants took a beating during G20
By Karen Mullins
TORONTO – City restaurants took a huge hit during the G20 summit according to a survey of owners conducted by Canadian Restaurant and Foodservices Association (CRFA) representing 234 Toronto establishments.
Compared to 2009 sales between June 21 and June 30, 93 per cent of downtown respondents reported significant decrease in business while 73 per cent reported a downturn in the rest of the city.
Half of the owners closed their businesses during the Summit due to safety concerns for their staff and customers.
For some 42 per cent who stayed open, there were issues such as staff shortages because workers could not get to their places of employment. Only one percent reported a rise in business.
One third of downtown respondents were not aware of the federal government’s compensation program for losses related to the G20 Summit.
“The impact of the G20 Summit on Toronto restaurants was far deeper and more widespread than many people expected,” says Garth Whyte, CRFA president and CEO. “Our focus now is on ensuring that our members are fairly compensated for their business losses.”
Only businesses that remained open during the Summit are eligible for compensation. Ottawa has not yet indicated which areas of the city will be eligible for compensation, and what period of time will be eligible for claims.
“The Summit drove customers away and made it dangerous for many restaurants to stay open,” says Whyte. “These businesses deserve fair compensation for their losses.”
CRFA members can register to receive updates and support in navigating the government compensation process, by contacting the CRFA G20 hotline (416-649-4214 or G20@crfa.ca).