Hortons hears a price hike

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


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

Parenting: Every woman will have a different pregnancy experience

Wife whose hormones are unbalanced can be unpleasant experience

Men posing as repo men attempt to steal vehicle in Red Deer County

Two men attempted to steal a utility vehicle from a Red Deer… Continue reading

Red Deerian spreads kindness with one card at a time

One Red Deerian wants to combat bullying by spreading kindness in the… Continue reading

Bowden baby in need of surgery

“Help for Alexis” Go Fund Me account

PHOTO: First Rider bus safety in Red Deer

Central Alberta students learned bus safety in the Notre Dame High School… Continue reading

WATCH: Annual Family Picnic at Central Spray and Play

Blue Grass Sod Farms Ltd. held the Annual Family Picnic at the… Continue reading

Women-owned businesses generate $68,000 less revenue than men’s: survey

TORONTO — When Dionne Laslo-Baker sought a bank loan to expand her… Continue reading

Hedley frontman Jacob Hoggard’s alleged sex offences case returns to court

TORONTO — The case of Hedley frontman Jacob Hoggard, who faces three… Continue reading

Fredericton woman recounts terrifying moments after gunshots rang out

FREDERICTON — She awoke to the crack of gunfire, the shots fired… Continue reading

Climate change likely to cause more sewage leaks, McKenna says

OTTAWA — More than one hundred municipal wastewater systems did not report… Continue reading

Woman has finger ripped off at West Edmonton Mall waterslide

SASKATOON — A Saskatchewan woman says she lost a finger after her… Continue reading

Uncertainty looms over Canada’s cannabis tourism, but ambitions are high

TORONTO — Longtime marijuana advocate Neev Tapiero is ready for the cannabis-driven… Continue reading

Feds mulling safeguards to prevent ‘surge’ of cheap steel imports into Canada

OTTAWA — The federal government extended an olive branch of sorts to… Continue reading

Ontario govt caps off summer session by passing bill to cut Toronto council size

TORONTO — The Ontario government passed a controversial bill to slash the… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month