Tim Hortons hiking prices on coffee, bagels
Updated Wed. Jul. 4 2007 6:02 PM ET CTV.ca News Staff
Article Link
Tim Hortons will be kicking up their prices at outlets in Ontario, Manitoba and Atlantic Canada next week, charging about five cents more for coffees and bagels.
Western Canadians will be spared the increase since they were forced to fork over some extra change last year when the coffee chain hit them with a pay hike in October.
"We evaluate all our pricing, region by region," said Tim Hortons spokesperson Rachel Douglas.
The rising operating costs of doing business, from wages to fuel expenditures, are said to be behind the decision to increase prices.
Company evaluations showed customers in Ontario and Manitoba have been paying the same prices since early 2004. The last time Atlantic Canadians had a pay hike was in October, 2005. This time, prices are expected to go up between five and seven cents.
The price changes will vary from one city to the next, said Douglas. In fact, in some areas, it will only be select products that are affected.
For example, while Manitobans will have to pay more for their cup o' joe, Ontarians will just have to pay more for their beloved Timbits and bagels.
And it's not just because Ontarians like to eat more, Douglas joked.
"It has to do with the profitability of any given product in that region," she said.
Noel Comstock, a frequent coffee drinker living in Halifax, heard the news with disbelief.
"Seven cents? That's awful," he said, standing outside the local Tim Hortons. "Let's see. Now that's 14 cents a day. That's getting up - way too high. That's crazy!"
While some customers are counting their pennies, others are remaining as cool as their ice caps.
More on link
Updated Wed. Jul. 4 2007 6:02 PM ET CTV.ca News Staff
Article Link
Tim Hortons will be kicking up their prices at outlets in Ontario, Manitoba and Atlantic Canada next week, charging about five cents more for coffees and bagels.
Western Canadians will be spared the increase since they were forced to fork over some extra change last year when the coffee chain hit them with a pay hike in October.
"We evaluate all our pricing, region by region," said Tim Hortons spokesperson Rachel Douglas.
The rising operating costs of doing business, from wages to fuel expenditures, are said to be behind the decision to increase prices.
Company evaluations showed customers in Ontario and Manitoba have been paying the same prices since early 2004. The last time Atlantic Canadians had a pay hike was in October, 2005. This time, prices are expected to go up between five and seven cents.
The price changes will vary from one city to the next, said Douglas. In fact, in some areas, it will only be select products that are affected.
For example, while Manitobans will have to pay more for their cup o' joe, Ontarians will just have to pay more for their beloved Timbits and bagels.
And it's not just because Ontarians like to eat more, Douglas joked.
"It has to do with the profitability of any given product in that region," she said.
Noel Comstock, a frequent coffee drinker living in Halifax, heard the news with disbelief.
"Seven cents? That's awful," he said, standing outside the local Tim Hortons. "Let's see. Now that's 14 cents a day. That's getting up - way too high. That's crazy!"
While some customers are counting their pennies, others are remaining as cool as their ice caps.
More on link