Canadian Tire profits slip in Q3

Canadian Tire Corp. reported Q3 net income of $184.9 million or $3.14 per diluted share, down from $243.7 million ($3.97) a year earlier. Revenues rose to $4.23 billion from $3.91 billion in the comparable period last year. Comp sales at Canadian Tire Retail were up 0.7 percent, driven by growth in automotive and seasonal and gardening categories.