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Want the government to go Dutch on your dinner tab? Restaurants pitch relief plan to help them survive –



With support from a swath of pandemic relief measures set to expire this fall, a national restaurant association wants the government to consider a new way to support its struggling industry.

Restaurants Canada, which represents 30,000 of the 97,000 restaurants, bars and caterers across the country, has asked the prime minister to look at subsidizing customer meals as a direct form of economic stimulus.

“Our sector has been hit harder than other sectors. So it’s probably time to do something that will be just for us,” said David Lefebvre, the group’s vice-president.

Restaurants Canada is floating the idea ahead of the upcoming throne speech, hoping Ottawa will use the pandemic purse to ratchet up dine-in revenues as patio season comes to an end. The concept came from a program called Eat Out to Help Out, which ran in the U.K. last month.

In August, the U.K. government offered a 50 per cent discount on meals for up to $17 Cdn (£10) per diner from Monday to Wednesday. Rishi Sunakyoung, charismatic finance minister, was himself the poster boy for the program, even posing as a waiter for its launch.

Restaurants Canada vice-president, shown at at Au Petit Extra in Montreal, said He the government should have support designed especially for the hard-hit food service sector. (Submitted by Restaurants Canada)

Brits gobbled it up, ordering more than 100 million meals. Restaurants applied the discount to their bills on the spot, submitting receipts to the government for reimbursement. Nearly 85,000 restaurants participated.

“We feel it is something that will definitely give a boost and incentivize more restaurants to stay open,” Lefebvre said.

But there are questions about whether the idea would pay off here — and whether it’s safe.

Costs and benefits

Across the pond, the program is being celebrated by the government and many in the restaurant industry, with one chain even claiming a 130 per cent spike in sales.

The British government says it helped protect 1.8 million jobs and kick-start a stalling sector. It cited a searchable database from reservation site OpenTable that says Monday to Wednesday reservations were up 53 per cent in August 2020 compared to 2019.

The cost of Eat Out to Help Out is still being calculated. Numbers released a few days before the program ended showed the government had already spent more than £520 million, or more than $890 million Cdn.

Lefebvre hopes some kind of government-funded discount could help failing restaurants over a few months — particularly January and February, which are traditionally slow as diners pay off holiday expenses.

Restaurants Canada estimates its industry lost 800,000 jobs when the pandemic struck. While many have returned, employment in food services is still down 20 per cent, or 260,000 jobs according to Statistics Canada.

The association also estimates 10 per cent of restaurants have already closed permanently, and without help, another 10 per cent will be gone by November. By next March, it says up to 40 per cent could close.

Chris Rempen, left, and his wife Nunu founded Nunu Ethiopian restaurant in Toronto during the 2008 recession. The pandemic has nearly put them under. They believe a government-sponsored discount could help them, but worry about the timing and a second wave of COVID-19. (James Dunne/CBC)

Restaurant owners say a discount deal could be good for business. A group of Ontario owners is even starting their own version of the concept in October.

Nunu Rampen, the owner and chef of Nunu Ethiopian restaurant in Toronto, says a government-sponsored discount could make a big difference.

“Absolutely, I really like it. It’s a really, really nice idea,” said Rampen. 

She and her husband Chris opened Nunu during the 2008 recession. Now, after 12 years of hard work, they say the pandemic has nearly put them out of business. They’re only serving customers on their city-licensed patio because of safety concerns.

They wonder what would be the right timing for a discount program.

“If you’re about to jump back into a lockdown situation, that’s money that’s not being used wisely,” Chris Rampen said.

Nicole Gomes, left, and her sister Francine own Calgary’s Cluck N Cleaver restaurants. Francine believes a government-backed discount program to help bring in customers would help restaurants, but only for a short spell. (Daniela Ciuffa)

In Calgary, Francine Gomes feels her restaurants have weathered the pandemic better than some others because of their take-out service.

“These small businesses have operating expenses that are that they have to pay regardless of the customer sitting in the seat or not,” said Gomes, who owns a pair of chicken restaurants called Cluck N Cleaver with her sister Nicole. “So they definitely need some direct relief.”

Even so, her hunch is it would only provide a “quick boost” in revenue because of physical distancing and many diners’ fears of eating out.

Fears of virus spread

An analysis by a policy expert from Oxford University took a hard look at the Eat Out to Help Out program bears out that theory.

Findings published by Toby Phillips suggest the program created a sales spike but didn’t have a lasting impact on business.

Based on sales trends from July, Phillips believes the U.K.’s hospitality industry was on track for a comeback on its own, and that sales are now right where they would have been anyway.

An analysis of the Eat Out to Help Out program by Toby Phillips, a policy researcher at Oxford University, suggests it didn’t have lasting impact on business. It did, however, overlap with a rise in COVID-19 cases in the U.K. (Submitted by Oxford University)

And he has a bigger concern. “At the same time as the scheme was operating, the U.K. started to see an uptick in COVID-19 cases,” Phillips wrote in a piece for The Conversation.

He said it may not be possible to determine whether the program caused the spike in infections, but that a popular discount and encouraging outings on specific days of the week are potential problems.

“Any scheme that encourages a ‘back to normal’ mindset is risky, because it will make it harder in the future to deal with rolling outbreaks,” Phillips said in an email to CBC News.

He suggests a safer option would be a promotion on take-out meals, an idea Restaurants Canada also supports.

Critics of plan

In the U.K., some restaurants called the program tokenistic and others pulled out of it because of “hostility towards staff.”

Still, it was so popular there’s  a demand for it to be repeated, and some companies are continuing the promotion on their own.

Here, a new coalition of hospitality businesses led by the Canadian Chamber of Commerce is pushing the government to encourage Canadians to go back to going out.

Lefebvre recognizes the government only has a limited budget, but adds but many restaurants remain desperate. “They need something to happen.”

Both groups say there’s a need for a new rent relief program and for wage subsidies  to be extended into the new year. 

For more stories about the experiences of Black Canadians — from anti-Black racism to success stories within the Black community — check out Being Black in Canada, a CBC project Black Canadians can be proud of.


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Warning: Don't Save in Your TFSA! Do This Instead – The Motley Fool Canada



Too many Canadians are still saving in their Tax-Free Savings Account (TFSA)! However, the Bank of Canada is planning to keep the benchmark interest rate at close to zero at least until 2023. This means that if you put money in a savings account or guaranteed investment certificate (GIC), you won’t make much.

Instead of saving in your TFSA, you should consider investing in it. Currently, the best three-year GIC rate is offered by EQ Bank and going for 1.15%. The long-term average Canadian stock market returns are 7% — six times what you would make from the GIC.

You can potentially make even greater returns by placing your money in specific stocks. If you like consistent income, you would be interested in Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and TC Energy (TSX:TRP)(NYSE:TRP).

Both are wonderful businesses, but their stocks have sold off recently, making them attractive long-term investments that should outperform market returns over the next few years.

TD stock provides a 5.4% dividend

Because of pandemic disruptions to the economy, higher credit losses are expected at the Canadian banks this year. TD stock has become particularly attractive among the big Canadian banks given its quality and growth potential on an economic rebound, especially with its meaningful exposure to the U.S. retail banking market.

TD stock’s correction of 22% in the last 12 months is the perfect opportunity to buy for an elevated dividend yield of 5.4%. This is 35% more income than its appealing yield of 4% in a normal economy.

Importantly, the stock is undervalued for long-term investment. In a normal year, TD generates revenues of about $38 billion and net income of more than $11 billion. Inevitably, this year, its revenues and earnings are going to be lower.

At about $58.50 per share at writing, the compelling stock can deliver total returns of about 15% per year over the next three to five years. Furthermore, you can expect its dividend to increase during that period.

TC Energy offers a 6.1% dividend

TC Energy is a resilient business that provides essential services in the energy sector. It just reported its third-quarter results today. Management highlighted that the company’s operations, flows, and utilization levels remain in line with historical and seasonal norms.

Year to date, its revenues only dipped 3% and its comparable EBITDA essentially stayed flat against the same period in the prior year. Moreover, its earnings per share actually climbed 15% to $3.55, putting its payout ratio at 68% for the period.

TC Energy’s defensive business performance doesn’t really warrant the stock’s decline of 20% in the last 12 months. It also has a secured capital program of $37 billion from 2020 to 2023 to grow its business. About $5 billion of the projects are expected to complete this year.

At about $52.90 per share at writing, the attractive stock can deliver total returns of about 15% per year over the next three to five years. A dividend increase of 5-7% per year should be no problem for the Canadian Dividend Aristocrat.

The Foolish takeaway

Understandably, Canadians might want to be conservative with their money-management strategies during the pandemic. Investing in blue-chip dividend stocks like TD stock and TC Energy stock is as conservative as it gets in the stock investing world.

Take a closer look at the businesses and consider investing in their undervalued stocks in your TFSA for outsized tax-free income and returns in the long run.

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Fool contributor Kay Ng owns shares of The Toronto-Dominion Bank and TC Energy.

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Shoppers' privacy violated at major Canadian malls: Privacy commissioners – CBC News: The National



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  1. Shoppers’ privacy violated at major Canadian malls: Privacy commissioners  CBC News: The National
  2. Cadillac Fairview collected millions of images of shoppers at malls across Canada: Privacy watchdog  CP24 Toronto’s Breaking News
  3. Cadillac Fairview secretly collected personal information from 5M shoppers across Canada: privacy commissioners
  4. Mall real estate company collected 5 million images of shoppers, say privacy watchdogs
  5. Cadillac Fairview collected 5 million shoppers’ images without consent  Yahoo Canada Finance
  6. View Full coverage on Google News

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Man rushed to hospital after possible assault in Rexdale – CityNews Toronto



A man has been rushed to hospital after possibly being assaulted in Rexdale.

Officers were called Mount Olive and Silverstone Drives just before 7:30 p.m. to reports of an assault.

The victim was found unconscious on the scene and was taken to hospital in serious condition.

Police say it appears the man suffered a head injury.

No further details have been released at this point.

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