TORONTO • It looks like a credit card combined with a coffee loyalty card. But CIBC’s new Double Double Visa card, a partnership with Tim Hortons, is also a flashy way to try to get more people to become clients of Canada’s fifth-largest bank.
David Williamson, group head of retail and business banking at Canadian Imperial Bank of Commerce (CIBC), said Wednesday he hopes “a new stream of clients will be coming through CIBC” as the card is rolled out at the nearly 3,500 Tim Hortons outlets in Canada.
Holly Crosgrey has been drinking coffee from Tim Hortons Inc., almost exclusively, for four decades. And she’s not crazy that it’s being acquired by Burger King Worldwide Inc.
“I don’t like the idea of an American company buying a Canadian company — it’s our brand,” Crosgrey, 60, said as she sipped a Tim Hortons coffee with three creams at a food court in downtown Toronto. “Timmy’s is always trying new things, adapting, they always have good service, and you always get your coffee fast no matter how long the lineup is. Burger King may screw it up.”
Tim Hortons Inc. Chief Executive Officer Marc Caira said Canada’s largest coffee and doughnuts chain must succeed in the U.S. as competition brings slower growth at home.
“The U.S. for me is what I call a must-win battle,” Caira, 59, said in an interview today at a Tim Hortons coffee shop near the company’s Oakville, Ontario headquarters. Caira took over as CEO in July.
Canadian political manoeuvres take place as much at coffee-shop tables and restaurant booths as they do in the halls of parliament. Some MPs are more adept at schmoozing than others. Some charge much more to their expense accounts than others, too.
For day two of a three-part series on MP expenses, the National Post looked at the caffeinating, wining and dining charged to MP offices in fiscal 2016 (ended March 31), according to expenditure reports published by the Speaker’s office.
ByGary Jakacky:Dunkin Brands (DNKN) and Tim Hortons (THI) (the Canada based equivalent coffee shop, named after the former Montreal Canadiens defenceman) provide their respective nation's working classes with similar menus of doughnuts, bagels, and other baked goods, washed down of course by coffee and, these days, gourmet beverages such as lattes and
VANCOUVER — Canadian coffee giant Tim Hortons and franchise operators in two British Columbia communities have lost their bids to toss out separate human-rights complaints lodged by the United Steelworkers Union and Mexican workers.
In decisions posted online, the B.C. Human Rights Tribunal ruled recently that the complaint by the union on behalf of Filipino workers in Fernie, B.C., and parts of a separate complaint by Mexican workers in Dawson Creek, B.C., will proceed to hearings.
Now that 3G Capital’s Burger King Worldwide Inc. has struck a deal to buy doughnut chain Tim Hortons Inc., the Canadian company can expect to get lean. Really lean.
Brazilian private-equity firm 3G insists that executives at its businesses follow the investment group’s parsimonious practices. If its management of Burger King and HJ Heinz Co. is a guide, Tim Hortons will see jobs cut, offices made more Spartan and posh corporate travel disappear.
It’s cruised the shores of the Mediterranean, docked at many a Caribbean harbour and cut the surf in Nova Scotia’s Northumberland Strait. Now, Canadian coffee and doughnuts billionaire Ron Joyce wants to find a buyer for the Destination Fox Harb’r Too, the 49-metre super yacht he bought for more than $30-million in 2008.