- Medium Coffee: $1.17 to $1.22
- Large Coffee: $1.31 to $1.38
- Extra Large Coffee: $1.49 to $1.57
Tim Hortons Inc. has confirmed that has increased prices in Ontario as of April 7 as a result of higher overall operating costs at its stores.
The price increase mostly applies to beverages and coffee in particular, a company spokesperson said, but customers have been notified with signs for more than a week.
A medium coffee will now cost $1.22 (excluding taxes), up from $1.17 previously. The price of a large coffee moves from $1.31 to $1.38, and an extra large from $1.49 to $1.57.
The last price hike for Tim Hortons coffee was in February 2006.
On Friday, BMO Capital Markets said the increases would boost the coffee and donut chainâ€™s same-store sales growth.
[via: National Post]