Canadians Drink Less Alcohol, Impacting Businesses
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Canadians are drinking less alcohol, with sales dropping by 1.6% to $25.8 billion in the fiscal year 2024-2025. This is the largest annual decline in 20 years, driven by younger generations who now consume an average of 8 drinks per week, down from 9.7 a decade ago. The shift towards sober lifestyles is impacting businesses, with alcohol now making up just 17.1% of restaurant revenues, down from 21.1% a decade ago. Beer, wine, spirits, and cider sales all decreased, except for cider which grew slightly. Domestic products saw a boost, with provinces pulling in United States imports after tariffs.
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