Canadian Tire Q2 profits look up

TORONTO ― Canadian Tire reported an increase of net income to $186.2 million, from $178.9 million last year, a result which fell short of analyst expectations. Total revenues of $3.26 billion represented a 3% rise and exceeded estimates by about $7 million. The retail division, which includes Canadian Tire, along with SportChek and Mark’s, accounted for almost $3 billion of that figure.