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Canadian Tire Corporation Ltd (CTCa.TO)

CTCa.TO on Toronto Stock Exchange

122.77CAD
1:30am IST
Change (% chg)

$2.28 (+1.89%)
Prev Close
$120.49
Open
$121.02
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$123.80
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$119.68
Volume
389,423
Avg. Vol
513,575
52-wk High
$157.36
52-wk Low
$67.15

Latest Key Developments (Source: Significant Developments)

Canadian Tire Corporation Working To Limit Number Of Customers Allowed In-Store At Any Given Time
Friday, 3 Apr 2020 

Canadian Tire Corporation Ltd ::CANADIAN TIRE CORPORATION PROVIDES BUSINESS UPDATE RELATED TO COVID-19.DEFERRING SOME 2020 PLANNED CAPITAL EXPENDITURES, IN ALL CATEGORIES OF PROJECTS.CANADIAN TIRE CORPORATION - PAUSING REPURCHASE OF SHARES.CANADIAN TIRE - IMPLEMENTING A PLAN TO REDUCE OPERATING COSTS AT OUR HEAD OFFICE AND CORPORATE STORES, AND TO REDUCE WORKING CAPITAL ACROSS ENTERPRISE.WILL PAY A SPECIAL SUPPORT PAYMENT FOR OUR CORPORATE STORE, DISTRIBUTION AND CALL CENTRE EMPLOYEES.TO ENFORCE PHYSICAL DISTANCING, HAVE INSTALLED PLEXIGLASS AND FLOOR DECALS.WORKING TO LIMIT NUMBER OF CUSTOMERS ALLOWED IN-STORE AT ANY GIVEN TIME.  Full Article

Party City Announces Sale Of Canadian Subsidiary Retail Business To Canadian Tire
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Party City Holdco Inc ::PARTY CITY ANNOUNCES SALE OF CANADIAN SUBSIDIARY RETAIL BUSINESS AND ASSETS TO CANADIAN TIRE AND AGREES TO A RELATED LONG-TERM WHOLESALE SUPPLY AGREEMENT.PARTY CITY HOLDCO INC - ALL-CASH TRANSACTION VALUED AT APPROXIMATELY CAD$174 MILLION.PARTY CITY HOLDCO INC - DEFINITIVE AGREEMENT WITH CANADIAN TIRE CORPORATION, LIMITED.PARTY CITY HOLDCO INC - CANADIAN TIRE WILL ACQUIRE RETAIL BUSINESS AND ASSETS OF PARTY CITY'S CANADIAN SUBSIDIARY.PARTY CITY HOLDCO INC - CANADIAN TIRE WILL ACQUIRE 65 RETAIL STORE LOCATIONS IN CANADA.PARTY CITY HOLDCO INC - PARTY CITY AND CANADIAN TIRE HAVE ALSO AGREED TO A LONG-TERM WHOLESALE SUPPLY AGREEMENT, WITH AN INITIAL TERM OF 10 YEARS.PARTY CITY HOLDCO INC - PARTY CITY'S WHOLESALE BUSINESS, AMSCAN INC WILL PROVIDE CANADIAN TIRE WITH CONSUMER PRODUCTS.PARTY CITY HOLDCO INC - PROCEEDS FROM SALE WILL BE USED TO PAY DOWN DEBT.  Full Article

Canadian Tire Corp Reports Fourth Quarter And Full Year Results
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Canadian Tire Corporation Ltd ::CANADIAN TIRE CORPORATION REPORTS STRONG Q4 AND FULL YEAR EARNINGS GROWTH.Q4 ADJUSTED EARNINGS PER SHARE C$4.78.Q4 EARNINGS PER SHARE C$3.99.Q4 REVENUE C$4.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$4.22 BILLION.Q4 EARNINGS PER SHARE ESTIMATE C$4.69 -- REFINITIV IBES DATA.CONSOLIDATED COMPARABLE SALES UP 0.8% IN Q4.FOR FISCAL 2019, COMPANY EXPECTS ANNUAL OPERATING CAPITAL EXPENDITURES TO BE WITHIN RANGE OF $475 MILLION TO $550 MILLION.CONSOLIDATED RETAIL SALES INCREASED $38.4 MILLION IN Q4, OR 0.8% OVER SAME PERIOD IN 2017.CANADIAN TIRE - INTENTION TO MAKE A NORMAL COURSE ISSUER BID TO PURCHASE FROM MARCH 2, 2019 TO MARCH 1, 2020 UP TO 5.5 MILLION CLASS A NON-VOTING SHARES.CANADIAN TIRE - ENTER AUTOMATIC SHARE PURCHASE PLAN TO FACILITATE PURCHASES OF CLASS A NON-VOTING SHARES UNDER 2019 NCIB.CANADIAN TIRE CORP - DEAN MCCANN, EXECUTIVE VICE PRESIDENT AND CFO, HAS INFORMED US OF HIS INTENTION TO RETIRE FROM HIS ROLE AS OF DECEMBER 31, 2019.POST-RETIREMENT, DEAN AGREED TO REMAIN ON BOARDS OF CANADIAN TIRE BANK AND CT REIT.  Full Article

Canadian Tire Corp And CT REIT To Announce Joint Secondary & Treasury Offering Of CT REIT Units
Tuesday, 20 Nov 2018 

Nov 19 (Reuters) - CT Real Estate Investment Trust ::CANADIAN TIRE CORPORATION AND CT REIT TO ANNOUNCE A JOINT SECONDARY AND TREASURY OFFERING OF CT REIT UNITS.CT REIT - TO COMPLETE A $65 MILLION TREASURY OFFERING OF CT REIT UNITS TO FUND GROWTH STRATEGY.CT REIT - CTC TO MONETIZE A 7.4% EFFECTIVE INTEREST IN CT REIT, THROUGH A $200 MILLION SECONDARY OFFERING OF CT REIT UNITS.CT REIT - CTC WILL RETAIN ABOUT 76.3% EFFECTIVE INTEREST IN CT REIT FOLLOWING OFFERING.CT REIT - UNDERWRITERS WILL PURCHASE, ON A BOUGHT-DEAL BASIS, AN AGGREGATE OF 21.1 MILLION UNITS OF CT REIT AT $12.55 PER UNIT.CT REIT - CANADIAN TIRE WILL REMAIN CT REIT'S MOST SIGNIFICANT TENANT UNDER LONG TERM LEASES.  Full Article

UPDATE 1-Canadian Tire posts wider-than-expected quarterly loss as virus hits retail segment

Aug 6 Canadian Tire Corp Ltd posted a wider-than-expected quarterly loss on Thursday, as coronavirus-led closures at its Mark's, Sport Chek and Helly Hensen stores hit its retail segment.