Profit at the combined Burger King/Tim Hortons business rose 2.8 per cent in the fourth quarter ended December 31, a testament to the tight-fisted policies of the new ownership at Tim Hortons. The parent firm, Restaurant Brands, saw costs fall about 16 per cent to $619.8-million US while total comparable sales at Tim Hortons rose 0.2 per cent in the quarter. A notable case in point is the Tim’s outlet scrunched into the ground floor of the condo on the southwest corner of Eglinton East and Bayview Ave. In 2015, the new owners of Tim’s quickly dumped the enormous place in the Metro plaza at 609 Roehampton which had been especially built for them. That building is now occupied by Tosto Quickfire Pasta Pizza.
ANDY BYFORD NOT LEAVING TOWN
TTC chief executive Andy Byford is not leaving Toronto to take a job at Queensland Rail in Australia despite a media report out of Brisbane that claimed the move was imminent. This has been confirmed by Brad Ross at the TTC who said Byford had been approached about the job but had declined it. Byford is a native of the UK and worked for an Australian railway before coming to the TTC in 2011.
WYNNE PONDERS HYDRO
The Ontario cabinet is said to be considering changes called a “global adjustment” to perhaps get the crushing cost of hydro electricity a bit lower. The CBC story linked takes work to decipher but it appears global adjustment (which sounds like something the Russians have done to us) is just an Ontario tax. It costs money to carry Ontario’s $300 billion debt.
