TORONTO — Canadian Tire has reported its first-quarter earnings, at the same time unveiling a new deal whereby Scotiabank will acquire 20% of Canadian Tire’s financial services business. And while the company overall consolidated revenue was up 3.8% to $2.6 billion in the quarter, the late arrival of spring weather pushed same-store sales for Canadian Tire outlets down 0.5%.
Same-store sales dip for Canadian Tire stores
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Featured Classified: Taiga
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024