03:57:50 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



McDonald's CDR (CAD Hedged)
Symbol MCDS
Shares Issued 1,400,000
Close 2024-04-30 C$ 24.15
Market Cap C$ 33,810,000
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FP/CP say McDonald's awaits new Cdn rival Shake Shack

2024-05-01 09:25 ET - In the News

The Financial Post reports in its Wednesday, May 1, edition that when Shake Shack comes to Canada later this year, it will make its debut at one of the country's most prominent intersections with a menu largely borrowing from what it serves in the U.S. A Canadian Press dispatch to the Post reports that its first Canadian location will take over the northeast corner of Yonge-Dundas Square in Toronto with a 5,500 square-foot space. The restaurant will offer a window into how private investment firms Osmington and Harlo Entertainment intend to replicate the New York-based brand across Canada, where they have said they will open 35 locations by 2035. Billy Richmond, Shake Shack Canada's business director, said the Toronto location will open early this summer. Most of its offerings will be recognizable to those who have tasted Shake Shack in other countries. That means Canadian diners will be able to get their hands on Shake Shack's burgers, crinkle-cut fries and handspun milkshakes. Shake Shack's Canadian debut comes as several other fast food chains plot expansions in the country. Plus, the country has a strong contingent of McDonald's, Wendy's, A&W and Harvey's that will serve as Shake Shack rivals.

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