Track And Food Podcast

Whether at work or with friends, one of the more common questions posed to me is: “Where do you recommend going for dinner?” In a city as varied and culturally diverse as Vancouver, options for delicious fare seem endless. But despite the abundance of intrigue and hard-to-book tables, the local sector is in peril (much like the beer industry featured in my previous episode). This is largely (still) owing to the hard-hitting pandemic, which left thousands of small businesses scrambling nationwide. In today’s episode, we hone in on the Canada Emergency Business Account (CEBA), a $60,000 government assistance loan with a string attached: $20,000 in forgiveness if paid back by a specific date. That date passed in 2022 and was extended once more to January 18th, 2024. More than 885,000 small businesses and not-for-profits took out CEBA loans, totalling more than $48 billion.According to a Restaurants Canada report from late October 2023, the Canadian food service industry was on track to reach a remarkable milesto