Axel Schwan, president of Tim Hortons Canada & U.S., said Canadian locations of the coffee and doughnut chain are looking to replace U.S. suppliers with domestic ones “to minimize the cost impact” from tariffs. Schwan didn’t specify what products would be part of the shift, but said the “vast majority” of them are already supplied by Canadian firms.  (The Globe and Mail)

Talking point: Tim Hortons is one of many companies scrambling to restructure its supply chain amid U.S. President Donald Trump’s trade threats. In a recent KPMG survey, 83 per cent of Canadian firms said they needed to make their supply chains more resilient by finding alternative sources, changing inventories or revisiting supply contracts, among other things. Restaurant Brands International, the parent company of Tim Hortons, Burger King, Popeyes and other fast-food chains, reported higher-than-expected fourth-quarter sales on Wednesday, due in part to rising Tim Hortons profits.