Same-store sales dip for Canadian Tire stores

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%.