Dollar Menu no more

Soon, a loonie won’t stretch as far as it used to at McDonald’s.

The fast-food company is set to raise prices on its Dollar Menu, reports Bloomberg, in response to rising food costs.

Read: McDonald’s employee budget ignores food, heat, reality

Under its new Dollar Menu and More, snacks would cost up to $5. Bloomberg adds the new menu is being tested in five U.S. markets. Some restaurants are trying out $1, $2 and $5 prices, while the others have $1, $1.79 and $4.99 offerings.

For the past two quarters, McDonald’s earnings have been lower than analyst expectations. It has also faced higher prices for ingredients.

Read the full story here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.