$QSR.TO

Market Chatter: Tim Hortons Shutting Down Credit Card Program

Restaurant Brands International (QSR.TO) unit Tim Hortons is shutting down the credit card program it launched three years ago, Canadian Press reports.The company said in an emailed update to customers that the program, powered by Neo Financial, will shut down Oct. 1. The Tims Financial website said it is not applications at this time.While the cards will still work after Oct. 1, they will be managed by Neo Financial and transactions will not earn Tims Rewards Points, the Canadian Press report said.Restaurant Brand shares were last seen up $2.44, to $101.47, on the Toronto Stock Exchange.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $101.64, Change: $+2.61, Percent Change: +2.64%

CRTC Directed to Review Canadian Content Decision

The Federal government is calling on the Canadian Radio-Television and Telecommunications Commission (CRTC) to review its recent decision to hike streamers' financial contributions to Canadian content.Last month, the CRTC announced new requirements for large foreign streaming services and Canadian broadcasters to spend part of their Canadian revenue on acquiring or producing Canadian programming."The CRTC's new requirements would impose new costs on the companies providing these services, which could ultimately fall on Canadian consumers through higher prices," a statement said.Instead, the government will develop new policy directions to adjust the implementation of the Online Streaming Act, it said.Ottawa has set aside $600 million to support the audio and audiovisual sectors. Details will be announced after consultation with the sector. Once the new CRTC rules are finalized, the level of government investment will be adjusted as appropriate, it said.Price: $34.20, Change: $+0.13, Percent Change: +0.37%

Restaurant Brands' Tim Hortons Launches Campaign to Hire 10,000 Local Team Members

Canadian iconic coffee chain Tim Hortons has launched a national campaign to hire 10,000 local team members, the Restaurant Brands International-owned quick service restaurant company (QSR.TO, QSR) said Monday.Tim Hortons added it will use a national campaign across TV, digital, paid social and in-restaurant channels to support natural turnover and growth of restaurants, including 80 new restaurants opening this year across CanadaRestaurant owners hosted 400 local hiring events in March and April this year, and they will continue throughout 2026, it noted.

Restaurant Brands Notes Tim Hortons and Int'l Each Delivered Their 20th Consecutive Quarter of Positive Comparable Sales In Q1

Restaurant Brands Resumed Share Repurchases in March and Adds It Continues to Expect to Repurchase US$500M in 2026

Restaurant Brands Says Remains "On Track" for 8%-plus Organic Adjusted Operating Income Growth in 2026

Restaurant Brands Q1 Total Revenues US$2,264M Vs $2,109M

RBC Boosts Restaurant Brands International's Price Target to US$90 from US$83

RBC Capital Markets on Monday raised Restaurant Brands International's (QSR.TO) price target to US$90 from $83 with an outperform rating.RBC said QSR's positive momentum continued through the first quarter, where Burger King and international segments have been the standouts recently.According to RBC, Burger King US has further room for improvement due to ongoing renovations, menu innovation, and more impactful marketing targeted towards key demos.RBC said international strength has been broad-based across key Burger King markets, where consensus expectations appear relatively conservative.Meanwhile, Tim Hortons could start to be impacted by slower Canadian population growth and despite its recent outperformance, the stock has further room for upside, RBC said.Restaurant Brands traded at $78.92 per share at last look Tuesday on the New York Stock Exchange.Price: $107.52, Change: $-0.21, Percent Change: -0.19%