Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsRetail & MarketingTim Hortons double-doubling down on Canada as coffee-chain competition brewsThe return of Dunkin’ Donuts is heating up the fast coffee and baked goods market You can save this article by registering for free here. Or sign-in if you have an account.Tim Hortons is renovating and adding more restaurants across Canada as competition heats up in the sector with the return in 2027 of Dunkin' Donuts. Photo by Bing Guan /BloombergTim Hortons said Friday that its Canadian restaurant owners are footing a $270-million bill to build or renovate restaurants across the country, on top of an additional $130-million investment from the company.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe iconic coffee chain said the combined $400 million will be used to build or renovate 480 new and existing restaurants within the year.Out of its 1,500 restaurant owners who own and operate 4,000 locations across Canada, 280 are renovating 400 restaurants and 60 are building 80 new restaurants.“Tim Hortons was built in Canada by Canadians, and we are proud to continue investing in Canada to give our guests beautiful, modern restaurants to enjoy,” Axel Schwan, president of Tim Hortons, said in a press release. “These are Canadian families investing their own money in their own communities – and that’s something we’re proud of.”Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe chain said renovation and construction material will be sourced through Canadian-owned businesses, with most items manufactured on Canadian soil, as “every dollar of these investments stays close to home.” For example, it said custom restaurant furniture is handcrafted in Montréal from 100 per cent Canadian-sourced maple.It said 26 new restaurants will be built in Ontario, 17 in Alberta, 14 in Quebec, 8 in British Columbia, three each in Manitoba, New Brunswick and Saskatchewan, two each in Newfoundland and Labrador and Nova Scotia, and one each in the Northwest Territories and Prince Edward Islands.Among the upgrades to renovated restaurants are better lighting, layouts and design, as well as improved digital ordering and pick-up, and upgraded kitchen equipment, it said.The investment announcement comes just 10 days after Dunkin’ Donuts said it will be expanding into the Canadian market, with hundreds of stores set to open across the country at the end of the year and into 2027.The return of Dunkin’ is heating up the fast coffee and baked goods market, long dominated by Tim Hortons, as well as McDonald’s.While Tim Hortons has its roots in Canada, it became something of a dual citizen after merging with Burger King in 2014, and is now a subsidiary of Restaurant Brands International Inc., a global holding company with operations around the world. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.