About Canadian Tire Corporation
Canadian Tire Corporation, Limited, or "CTC", Ltd. operates as a general merchandise retailer for gasoline, automotive, sports and home products. The company operates through three segments: Retail, CT REIT and Financial Services. The Retail segment comprises of the living, playing, fixing, automotive, seasonal & gardening, apparel and sporting goods categories. The Financial segment services markets a range of Canadian tire branded credit cards, including the Canadian tire options mastercard, the cash advantage mastercard, the gas advantage mastercard and the sport chek mastercard. Financial... Read More
Canadian Tire Corporation, Limited, or "CTC", Ltd. operates as a general merchandise retailer for gasoline, automotive, sports and home products. The company operates through three segments: Retail, CT REIT and Financial Services. The Retail segment comprises of the living, playing, fixing, automotive, seasonal & gardening, apparel and sporting goods categories.
The Financial segment services markets a range of Canadian tire branded credit cards, including the Canadian tire options mastercard, the cash advantage mastercard, the gas advantage mastercard and the sport chek mastercard. Financial services also markets insurance and warranty products. The CT REIT segment involves owning, developing and leasing income-producing commercial properties. Canadian Tire was founded by Alfred Jackson Billes and James William Billes in September 15, 1922 and is headquartered in Toronto, Canada. Read Less
Canadian Tire Corporation Company Stats
IndustryRetail and Wholesale
Founded1922
HeadquartersToronto, Ontario
CountryCanada
Chief Executive OfficerGreg Hicks
Employees34,000
#1269
#955 - SALES
#1213 - PROFITS
#1695 - ASSETS
#1787 - MARKET VALUE
Select year
Revenue
$13B
Assets
$17.
3B
Profits
$899.4M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11.1B
Assets
$16B
Profits
$560.5M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11B
Assets
$15.1B
Profits
$586.6M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.8B
Assets
$12.7B
Profits
$534M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.4B
Assets
$12.5B
Profits
$566.3M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$9.6B
Assets
$11.4B
Profits
$505M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$9.6B
Assets
$10.8B
Profits
$515.4M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11.3B
Assets
$12.
6B
Profits
$546.9M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11.4B
Assets
$12.8B
Profits
$544.7M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11.5B
Assets
$13.2B
Profits
$501.4M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.2B
Assets
$12.1B
Profits
$458.6M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$9B
Assets
$8.8B
Profits
$456.5M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
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A 1989 note recently went up for auction with a reserve price of $3,000, showing you can't judge Canada's unofficial second currency by its face value
Canadian Tire money bundled at a store in Toronto(Reynard Li/Bloomberg/Getty Images)
Marc-André Lemire stood at the counter of a Canadian Tire store in Montreal, with a fist full of multi-coloured money he’d just received from the cashier. He flipped through the wad and stopped abruptly when he came across a $2 bill. It had been issued in 1992, and it took a matter of seconds for Lemire to realize the note was worth thousands of dollars.
The serial number on the back of the Canadian Tire coupon is what made it special—the amount of space between each of the 10 digits was a few millimetres less than on a standard bill. Lemire tucked it into a plastic sleeve, and called a friend to crow about his find.
Many people remember a time when they came across Sandy McTire’s face smiling from a stash in their grandmother’s kitchen cupboard. But for some, Canadian Tire money has far greater worth than its face value. A 50-cent note issued in 1958 is now worth upwards of $1,500; this month, an anomalous $2 bill from 1989 went up for auction with a reserve price of $3,000.
“If I tell somebody that I collect Canadian Tire money they usually laugh and say something like, ‘Oh, so you want to buy a new barbecue?’” says Lemire. “They don’t know that these coupons can actually be worth something.”
At least 250 people across the country, however, know full-well. Members of the Canadian Tire Coupon Collector’s Club have been cataloguing, preserving and trading Canadian Tire money since 1990, compiling a list they believe includes every coupon ever found.
The store chain is not directly affiliated with them, but has rights to the organization’s name, and says it appreciates the group’s ongoing loyalty and support.
Like most people, I had no idea this club existed until my aunt married Lemire a decade ago. Today, my uncle estimates he has 1,000 bills in his core collection, and another 5,000 that he keeps to trade.
The idea of Canadian Tire money was proposed by Muriel Billes—wife of the corporation’s co-founder A.J. Billes—when the company opened its first gas bar in 1958. She figured that, rather than advertise low gas prices, Canadian Tire should entice customers to return and buy merchandise from the store. Initially called coupons (hence the name Coupon Collector’s Club), the company eventually began calling it Canadian Tire “money.” It’s now Canada’s oldest loyalty program.
RELATED: 7 surprising things bought with Canadian Tire money
As with legal tender, it takes an old, rare or anomalous bill to attract collectors.
Replacement notes—issued to replace a series of bills damaged during printing—draw interest. Mismatched serial numbers (the number is printed twice on the back on each bill) or slight alterations to Sandy McTire’s appearance also add value. Some collectors look for what they call “highs and lows”—the highest and lowest serial number for every bill ever printed.
The goal isn’t necessarily to complete a collection. According to Russell Belk, a professor of marketing at York University’s Schulich School of Business, most collectors are more interested in the story behind their latest find. “It’s sort of like treasure hunting,” he says. “A collector can tell stories and remember things like where they found this rare treasure.”
Elaborate tales abound of collectors ferreting out uncommon coupons by visiting store after store, beseeching staff to let them see as many notes as possible. But they’ve also been known to wear out their welcome. Says club director Jerome Fourre: “Yes, I’ve been thrown out of stores before.
”
Lemire inspecting his Canadian Tire money collection. (Milva Salera)
To share their stories, members hold a dozen or so meetings across the country each year, plus an annual weekend-long swap meet. Their gatherings typically include show-and-tell time, as well as an “educational presentation” where members are briefed on a specific topic (the theme of one recent meeting: new replacement notes).
Pursuing money redeemable at only one business might seem quixotic to outsiders, but as Fourre says, “When you’ve got the collecting bug, you’ve got the collecting bug.” For Lemire, it felt like a natural transition from his coin-collecting days, and discovering likeminded enthusiasts encouraged him to continue. “I thought I was the only guy doing this,” he says. “When I realized there was a club I thought, ‘Okay, I am not crazy’.”
RELATED: Canadian Tire is getting a digital option
The marketplace is changing, however. Three years ago, the company launched a digital loyalty program, where money is stored on a card or a smartphone app after every purchase.
The back of the loyalty cards boast “there’s no paper Canadian Tire money to store”—words to fill a coupon collector with dread.
While Canadian Tire says it recognizes the passion for its money, and will continue to print it, collectors aren’t so sure. Lemire used to visit 13 Quebec stores a week to load up on bills; he only bothers visiting about three now, because he’s noticed there are fewer notes in circulation. While dwindling numbers of bills could make those available more valuable, Lemire fears demand will fade because younger generations aren’t familiar with Canadian Tire money, and won’t collect it.
Still, most current collectors aren’t discouraged. Canada had a 25-cent note called the “Shinplaster” that’s been out of print since 1923, notes Fourre, yet people still collect them. As for my uncle, he reflects gratefully on the social connections he’s made, yet says the day will probably come when he decides to sell his collection. Then again, he adds, “maybe one day it’ll be time to buy something at the store with all my coupons.
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Petersburg was covered with snow, which was a surprise for its residents for this period. It has been noticed that often after Northern Palmyra the weather (rain, snow, temperature drop) passes to Moscow. Really, this time the capital will repeat the fate of its neighbor? When we wait for the arrival of real spring heat, whether there will still be frosts and when motorists change winter tires to summer tires, MK found out from Mikhail Leus, a leading employee of the Phobos weather center.
But no, Moscow is not threatened by snowfall. As forecasters expected, the cold snap in the capital turned out to be very short. Today, March 30, was the coldest day of this cold snap. Tomorrow there will still be frosts, but the temperature will begin to rise and reach the level of those temperatures that we observed at the end of March.
– During the weekend the temperature will be within +9+12, - Mikhail Leus delighted MK.
And then a little upset, noting that it will be cloudy, with a little drizzling rain. But it will be very warm.
- However, it is not yet spring, in the middle of next week another wave of cold will come to the capital region, - the forecaster continued. – The temperature will return to the climatic norm; on Wednesday afternoon it will be about +4+6 degrees, and on Thursday night - frosts.
– Meanwhile, winter has returned to St. Petersburg…
- In St. Petersburg today, the snow cover has reached a height of 18 cm, but in this situation, Muscovites should not expect the same snowfall. Climatic processes that move from St. Petersburg to Moscow, contrary to popular belief, are not so common, only in 50% of cases. Snow will not fall in the capital, at least during the period we are talking about. St. Petersburg was in the cold part of the cyclone, the capital region - in the warm part of the cyclone. In the northern capital, the temperature dropped to -7 degrees, during the day it was about 0.
And the snow cover height of 18 cm is almost the highest figure for the entire cold period.
According to Mikhail Leus, today March in the capital is 2 degrees warmer than it should be according to the climatic norm.
We couldn't help but ask the authority in the field of meteorology a question that worries all motorists at the moment: when, in his opinion, is it worth changing winter tires to summer tires?
- In the first half of April, it is better not to do this. And not because we might have snow again, no. Rubber manufacturers, as you know, recommend changing car tires from winter to summer when the average air temperature is above +5+7 degrees. And according to the climate in Moscow, this happens no earlier than the second half of April. But if you plan to ride only during the daytime, when the air is already warming up well, you can change. And if you get behind the wheel in the early morning, when our temperature is around 0 or even lower, it’s better to wait a while with the replacement.
...As for other regions where winter has returned, on March 30, Mikhail Leus noted in his telegram channel the Rostov region, which was at the epicenter of snowfalls. Comparing St. Petersburg and the south of the European part of Russia, which are covered with snow, with Moscow, where everything is calm so far, he explained that “in Moscow and in St. the warm part turned out to be, and St. Petersburg - in the cold. And in the south of Russia there is another cyclone, it formed on the cold front, which was associated with the "Moscow-Petersburg" cyclone.
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