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Restaurant Brands International Inc
Symbol QSR
Shares Issued 347,325,114
Close 2026-05-21 C$ 104.99
Market Cap C$ 36,465,663,719
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Globe says RBI to build more Tim Hortons across Canada

2026-05-22 08:44 ET - In the News

The Globe and Mail reports in its Friday edition that Restaurant Brands International figures what Canada needs is more Tim Hortons. The Globe's Susan Krashinsky writes that the fast-food giant plans to build 80 new locations by the end of this year, and to renovate another 400 in that same period -- representing an investment of $130-million by RBI and another $270-million by its franchisees. The plan accelerates the pace of restaurant openings for Tims after recent years when the growth in locations slowed in Canada. "Our restaurant count has been fairly static since 2019, and the Canadian population has grown about 10 per cent since then," Tim Hortons chief operating officer Naira Saeed told The Globe. "And so we've been trying to figure out where the folks are, what are the communities that are currently underserved." The company is announcing the plans as the market for coffee, doughnuts and breakfast offerings is heating up. McDonald's Canada dropped prices on its value menu earlier this year and froze the price of a small coffee at $1, in a bid to woo budget-conscious customers. Last week, Foodtastic announced plans to revive the Dunkin' brand in Canada, and to open hundreds of outlets in the coming years.

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