Hortons hears a price hike

Tim Hortons President and CEO Donald B. Schroeder speaks during the company’s annual meeting in Toronto on Friday.

Array

Tim Hortons President and CEO Donald B. Schroeder speaks during the company’s annual meeting in Toronto on Friday. Schroeder says the company is doing what it can to avoid further price increases to consumers but warns they’re inevitable at some point because of higher costs. The company has raised prices in the past to offset the higher cost of food, baking commodities and energy, and Schroeder says prices may go up again as Tim Hortons copes with the recession.

But he says Tim Hortons store owners are doing what they can to reduce non-value-added costs first before they consider charging more for a cup of coffee or a doughnut. Schroeder says the company is also embarking on an ambitious expansion plan in 2009. Tim Hortons plans to open 150 to 180 new stores this year, with 30 to 40 in the U.S. and the rest in Canada. Currently, the chain operates about 3,200 stores in both countries.

Just Posted

WATCH: Every square tells a story: Edmonton expert is exploring Red Deer’s quilting history

Community members can bring in family heirloom quilts for documentation

Pine Lake shooter loses conviction appeal

Cory Lavallee sentenced in 2016 to nine years in prison for attempted murder

Police say a woman in the Red Deer area may be in danger

Public’s assistance is urgently requested

Cannabis legalization won’t impact one Red Deer pot clinic

Nothing changes for Compass Cannabis Clinic in Red Deer despite legalization

Cannabis retail store will open later in October in Red Deer

Two cannabis stores coming to downtown Red Deer

WATCH: Two weeks away from Canadian Finals Rodeo in Red Deer

In just two weeks, Ponoka’s Shayna Weir will compete with the best… Continue reading

PHOTO: Chew On This! campaign draws attention to national poverty

Lunch bags were being handed out in front of The Hub downtown… Continue reading

Wickenheiser, Pegula reflect NHL’s trend toward diversity

BUFFALO, N.Y. — With a laugh, Kim Pegula’s competitive nature kicked in… Continue reading

Harry and Meghan bring rain to drought-stricken Outback town

DUBBO, Australia — The Duke and Duchess of Sussex were jokingly thanked… Continue reading

TV Review: A Roseanne Barr-less ‘The Conners’ is a triumph

NEW YORK — Can there be a “Roseanne” without Roseanne? The answer… Continue reading

Canadian manufacturing sales fell 0.4 per cent in August: Statistics Canada

OTTAWA — Statistics Canada says manufacturing sales fell 0.4 per cent to… Continue reading

Brian Mulroney joins board of directors of New York-based pot company

NEW YORK — Former prime minister Brian Mulroney is joining the board… Continue reading

Canadians waking up to legalized cannabis: ‘My new dealer is the prime minister’

ST. JOHN’S, N.L. — Canadians across the country woke up to legalized… Continue reading

B.C. man accused of swimming naked in Toronto shark tank arrested in Thunder Bay

THUNDER BAY, Ont. — Police have arrested a B.C. man who is… Continue reading

Most Read