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Stock impact report

Tourist towns across Canada are facing another hurdle: Affordable worker housing [Globe and Mail, The (Toronto, Canada)]

ACCOR SA SPNS/ADR (ACCYY) 
When he opened Fish & Sips with his wife in 2015, Paul Feather found hiring to be one among many challenges of running a restaurant with long hours on the main drag of Collingwood, Ont. But after the COVID-19 pandemic struck and housing prices in vacation hot spots soared, the cod-and-calamari-slinging 49-year-old saw staffing as his No. 1 obstacle, due in no small part to a shortage of affordable places for workers to rent. “It's the affordability, but also the availability. There isn't enough rental stock for people to choose from,” Feather said from the restaurant's dining area, now undergoing an expansion. His latest kitchen hire couldn't find a place in town and commutes by car – another hurdle when gas prices are soaring and regional public transit lags. Feather is relying increasingly on high school and college students for front of house – “they're already living at home” – but those under 18 are barred from serving alcohol and limited to hosting, takeout or working t Show less Read more
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