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Franchise support service suppliers Moneris, RBC Royal Bank, and Angus Reid Institute weigh in on why franchising will continue to be a strong option for Canadian entrepreneurs in 2021

While the COVID-19 pandemic has certainly taken a toll on the Canadian economy, franchising remains a viable option for entrepreneurs looking to find success as a business owner. With so many challenges impacting the business landscape in Canada and throughout the world, it’s easy to understand why entering into a proven system backed by the support of a strong head office team – which franchising provides – is a great option for starting a business, even in the late stages of a global pandemic that has turned our world upside down.

Although these are turbulent times, franchising has stood tall in the face of COVID-19’s challenges. As you’ll read from some of the CFA’s franchise support service suppliers below, there are many reasons to be optimistic about the future of franchising. As Moneris points out, the pandemic has changed our lives, but Canadians are still shopping, while RBC’s Macroeconomic Outlook indicates that COVID-19 vaccines will help pave the way for economic improvements in 2021. Meanwhile, Angus Reid shares five things to think about as you navigate the pandemic in 2021.

Read on to learn more about what the franchise industry can expect as we start on the path toward recovery in the “new normal.”

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