The golden arches have already brought fresh beef Quarter Pounder patties to about 3,500 domestic restaurants so far and it plans to reach some 14,000 U.S. locations by early May.
McDonald’s has tried to walk the line between cheap deals and better-quality food over the last few years, but given the demand of consumers for healthier options in fast food the decision was costly but necessary.
The decision to bring fresh beef to the majority of McDonald’s domestic locations resulted in McDonald’ss suppliers spending $60 million updating their supply chain to transition from frozen Quarter Pounder patties to fresh ones. Also McDonald’s had to make changes to the kitchen, to prevent food safety issues which come along with the use of raw meat and prevent cross contamination.
It is a big investment but one that is sure to payoff for McDonald’s and its customers.
The Liberal government recently announced in the 2018 budget document, that along with spending changes that some paper currency will no longer be accepted as legal tender and used to pay for goods and services.
The $1000 along with the $500, $25, $2 and $1 bills, none of which are currently being printed by the Bank of Canada will soon no longer be useable. The main attention has been on the $1000 note which there are still 735,000 of the bills still in circulation across the country.
The government is saying that this is part of a plan to crack down on counterfeiting, money laundering and tax evasion. The $1,000 note has long been a favourite of organized crime because it makes transporting money easier.
While the budget did not say exactly when the legal tender status will be withdrawn for these bills, legislative amendments are coming. So, start looking under your mattress and in the shoe box in the closet as the government wants Canadians to still hold onto these bills as the Bank of Canada will continue to honour them and exchange them at face value in the meantime.
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MARCH 2018 • SPOTLIGHT ON BUSINESS MAGAZINE
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