Misplaced Pages

#108891

45-625: The complex's largest tenant is Canadian Tire , which has offices in all three buildings and its head office at 2180 Yonge Street. It is located right next to entrances to the Eglinton station on the Line 1 Yonge-University subway line, and it will soon be served by the Line 5 Eglinton light rail line. 2200 Yonge Street is located directly above the Toronto Transit Commission 's Eglinton station and has connecting passages to

90-518: A 135,000 sq ft (12,500 m ) flagship location at Carlingwood Mall in Ottawa to mark the company's centennial; it introduces a large-scale concept called "Remarkable Retail," which carries a modernized design and focuses on enhancing its auto centres, seasonal departments, and delivery and pickup services. The concept was also used for a new location in Welland, Ontario and will be used for

135-617: A Schedule 1 (domestic, deposit-taking) bank under the Bank Act , was founded in 2003 and took over financial services that had been provided by CTFS. In addition to MasterCard credit card services, Canadian Tire Bank also launched high interest savings accounts, tax-free savings accounts, and GIC products. In 2014, Scotiabank signed a deal to buy a 20 percent stake in Canadian Tire's financial services business, which includes Canadian Tire Bank, for $ 500 million in cash as part of

180-993: A future Calgary location. That year, the company also committed $ 1.2 billion to renovate 225 stores with its "Concept Connect" format. The following month, Canadian Tire also opened its largest location to-date in Chilliwack, British Columbia at the Cottonwood Centre; occupying a former Sears , it has 170,000 sq ft (16,000 m ) of retail space. In addition to the Canadian Tire stores' Parts department, CTC owns PartSource , an automotive parts and accessories specialty chain which has 91 stores across Nova Scotia , Ontario, Manitoba , Saskatchewan, and Alberta . It serves commercial automotive installers and do-it-yourself mechanics. Before November 2013, some stores were owned and operated by franchisees; all currently belong to Canadian Tire. In 2001, Canadian Tire acquired Mark's Work Wearhouse (now branded as Mark's ),

225-472: A new "Smart store" concept featuring "boutiques" that prominently showcased products within the chain's core product categories. Popular product categories such as auto parts and home goods were moved towards the front of the store to improve their prominence, and some locations began to sell common groceries as a pilot project. With the demise of Target's businesses in Canada in 2015, Canadian Tire acquired

270-617: A retailer of business casual and work wear, for $ 116 million. Along with standalone stores, some Canadian Tire locations feature integrated Mark's locations. Due to space constraints, some smaller Canadian Tire locations removed their Mark's department when remodelled into the "Smart store" format . In May 2018, the Ontario Teachers' Pension Plan sold the Norwegian sportswear retailer Helly Hansen to Canadian Tire for $ 985 million. In May 2011, Canadian Tire announced

315-510: A reward program for purchases of products from Canadian Tire and, later, launched its Gas Advantage MasterCard product whereby the cardholder earned a tiered discount of 2–10¢ (in Canadian currency ) per litre on gasoline purchases from Canadian Tire based on the previous month's gas purchases. In 2008, it embedded the card with Mastercard's PayPass " tap-and-go " technology. These cards continue to be offered by Canadian Tire Bank. In 2006,

360-712: A rewards card, though at a reduced rate. In May 2018, the company extended further into the clothing market by acquiring Helly Hansen . As of December 2021, the company operates 667 Canadian Tire stores, 397 SportChek stores, and 381 Mark's stores. The current President and CEO is Greg Hicks. Canadian Tire tried twice to expand into the United States. In 1982, it purchased the Wichita Falls, Texas -based White Stores, Inc. automotive retail chain with 81 stores in Texas from its then-owner Household Merchandising Inc.,

405-430: A skit. In early 2006, ads featuring the couple were phased out and replaced by a new campaign featuring overhead signs found in Canadian Tire's store aisles. In 2013, Canadian Tire produced a commercial promoting its MasterCraft Eliminator Ultra car battery, and its ability to function in extreme cold, which featured a stripped GMC Sierra pickup truck with its body re-created as an ice sculpture. The ad premiered during

450-521: A strategic partnership between the two companies under which Scotiabank was also permitted to buy up to an additional 30% (or sell back to Canadian Tire its 20% stake) at the then fair market value within 10 years. In 2023, Canadian Tire repurchased the 20 percent stake that Scotiabank had owned for $ 895 million, restoring its ownership to 100%. In 1995, the bank issued the Canadian Tire Options MasterCard nationally with

495-447: A subsidiary of Household Finance , for US$ 40.2 million. In 1986, after losing nearly US$ 100 million they closed some stores and sold the remaining 40 stores, three warehouses and other White assets to Kansas City, Missouri -based Western Auto Supply . The second time, during the early 1990s, Canadian Tire tried to open a specialized auto parts chain called Auto Source that attempted to have 25,000 different parts or more on

SECTION 10

#1732772597109

540-407: Is Canadian Tire . It also previously had a Cineplex movie theatre which closed after the end of business on October 24, 2021. 2180 Yonge Street was built in 1972 with 18 floors and 402,277 square feet (37,373 m) of space. Its major tenants are Canadian Tire 's head office and TVO . Canadian Tire Canadian Tire Corporation, Limited ( French : Société Canadian Tire Limitée )

585-474: Is a Canadian retail company which operates in the automotive, hardware, sports, leisure and housewares sectors. Its Canadian operations include: Canadian Tire (including Canadian Tire Petroleum gas stations and financial services subsidiary Canadian Tire Bank ), Mark's , FGL Sports (including Sport Chek and Sports Experts ), PartSource , and the Canadian operations of Party City . Canadian Tire acquired

630-546: Is a by-product of its loyalty program, has been accepted across Canada by multiple retailers and could almost be described as a ' sub-fiat ' currency." In November 2000, Canadian Tire introduced an online retail operation. On January 1, 2009, citing consumer disinterest in online shopping compared to its physical stores, the Company discontinued online sales. On November 1, 2013, Canadian Tire returned to online shopping with delivery to stores. In 2009, Canadian Tire introduced

675-672: Is a participant in the voluntary Scanner Price Accuracy Code managed by the Retail Council of Canada . On October 24, 1922, John William Billes and Alfred Jackson Billes invested their combined savings of $ 1,800 in the Hamilton Tire and Garage Ltd. (established in 1909 as the Hamilton Garage and Rubber Company) in Toronto . Hamilton Tire and Garage specialized in buying tires at a discount from manufacturers in

720-402: Is based on the Canadian Tire advertisement showing a boy (Bike Story) receiving his first bicycle, which his father purchased at a Canadian Tire retail store. Starting in 2007, the company ran month-long advent calendar promotions, offering free CDs and discounts throughout the holiday season. From 1997 to 2005, the company's ads featured the "Canadian Tire couple". The male role, also known as

765-677: Is planned to be Canada's top division of women's soccer. Canadian Tire Financial Services Canadian Tire Services Ltd. (CTSL), doing business as Canadian Tire Bank ( French : Banque Canadian Tire ), is the financial services subsidiary of the Canadian Tire retail chain. The bank is based in Oakville, Ontario , and has additional business operations in St. Catharines and Welland, Ontario . Between 1968 and 2016 (with some branding continuing until 2018), Canadian Tire Services Ltd.

810-694: Is the company's retail deposit-taking and credit card issuing arm. They are held indirectly under the Canadian Tire Services, Limited , holding company, Canadian Tire Bank (CTB), a bank under Canada's Bank Act since 2003. Before 2003, all financing occurred under the Canadian Tire Financial Services . In 2014, The Bank of Nova Scotia acquired a 20% economic and voting interest in Canadian Tire Bank, with an option to acquire up to an additional 30% of

855-459: The 2014 NHL Winter Classic . In March 2015, Canadian Tire launched a new ongoing marketing campaign, "Tested for Life in Canada." The campaign, which includes television advertising and in-store labels, showcases products that have been vetted based on input by a consumer focus group recruited by the chain and their reviews of the products. The program also collects feedback that is used to help improve products marketed by Canadian Tire. During

900-642: The Canadian Tire Bank , under Canada's Bank Act , from its then-named Canadian Tire Financial Services, Limited , subsidiary along with its Mastercard portfolio, which was later renamed as Canadian Tire Services, Limited , effective January 1, 2015. CTC sold 20% of its Canadian Tire Bank to Scotiabank in 2014. In April 2018, Triangle Rewards was launched as a replacement to the digital My Canadian Tire Money program and Options Mastercard. Traditional paper Canadian Tire money continues to be offered at some Canadian Tire stores for customers without

945-428: The Canadian Tire guy , was played by Canadian actor Ted Simonett, and Gloria Slade played the female role. They usually showcase a new product to one of their neighbours who needs a specific tool. The "Canadian Tire Couple" was featured on Royal Canadian Air Farce as one of their targets of the year, as "Canada's most annoying couple." They also made a feature guest appearance on Royal Canadian Air Farce as actors in

SECTION 20

#1732772597109

990-466: The 1980s, the company sponsored an IndyCar racing team. Alfred J. Billes's son David Billes was a Canadian Corvette racer before opening Performance Engineering Ltd. He was later Jacques Villeneuve Sr. 's car owner in CART IndyCar competition in the early 1980s and entered two cars in the 1985 Indianapolis 500 . In 1985 , Jacques Villeneuve Sr. won the race at Road America . David Billes

1035-999: The 24-hour gas stations at ONroute service centres in Ontario along Highway 401 and parts of Highway 400 . In May 2023, Canadian Tire announced an agreement with Suncor Energy , under which all Canadian Tire Gas+ locations will be converted to Petro-Canada franchises, and the company's Petro-Points rewards program will be integrated with Canadian Tire's Triangle program. The first converted location opened in July 2024 in Kitchener, Ontario . Moody's observed Canadian Tire's unique position in Canadian retail as being "often both misunderstood and underestimated" and "completely foreign" in comparison to U.S. retail, citing its variety of products (ranging from auto parts to sporting goods to outdoors products and grocery at some locations) and that "its proprietary 'currency,' Canadian Tire money, which

1080-653: The Canadian Tire Triangle Mastercard now earns 5¢ on fuel purchases. CTB markets payment protection insurance underwritten by Assurant , and identity theft insurance offered in a partnership arrangement with Sigma Loyalty Group who, in turn, partners with Intersections, Inc., to underwrite the policies under its Identity Guard product offering. It used to sell term life and travel insurance underwritten by Canada Life , but later stopped marketing those products. In October 2006, CTB began to offer more traditional banking services over

1125-504: The Canadian trademark rights. In the 2010s, Canadian Tire began to expand its array of private labels in order to better-compete with online retailers such as Amazon . In 2013, Canadian Tire launched Frank, a budget brand oriented towards household goods and grocery; the brand is known for packaging containing product-specific taglines involving its eponymous mascot—such as "Frank talks trash" (garbage bags), "Frank knows all aboot maple" (maple-flavoured coffee) and "Frank doesn't scrub you

1170-546: The Norwegian clothing and textile company Helly Hansen from the Ontario Teachers' Pension Plan in 2018. Canadian Tire is known for its Canadian Tire money , a loyalty program first introduced in 1958 using paper coupons that resemble banknotes. The company's head office is located at the Canada Square Complex in Toronto , Ontario , and it is listed on the Toronto Stock Exchange . It

1215-581: The Vacation Advantage and Curve MasterCards were removed from Canadian Tire's credit portfolio. On May 1, 2018, the cards were rebranded under the Triangle Rewards name, to match up with Canadian Tire's new customer loyalty program. On March 11, 2022, Canadian Tire announced that Triangle Mastercard holders would earn 10¢ by using their card on fuel purchases at any gas station across the nation. This period ended June 19, 2022 and

1260-651: The bank began a pilot program of the Cash Advantage MasterCard. Its reward program allowed cardholders to earn up to 1.5% cash back based on the amount of eligible annual purchases made on their card. In 2007, it created the Vacation Advantage MasterCard, with cardholders rewarded with points that could be redeemed for any vacation-related purchase. In 2009, it issued the Curve MasterCard nationwide, so named for

1305-447: The company within ten years (or require Canadian Tire buy back its existing 20% interest) at the then fair market value of the business for $ 500 million CAD in cash. Ostensibly in tandem with Scotiabank 's acquisition of a minority position in Canadian Tire Bank , Canadian Tire renamed its intermediary holding company Canadian Tire Financial Services Limited as Canadian Tire Services, Limited , effective January 1, 2015, dropping

1350-486: The corner of Yonge and Church Streets in Toronto. Canadian Tire money that gave gas bar customers an in-store discount began in 1958. By June 1961, there were 31 locations. The small financial services company Midland Shoppers Credit Limited was purchased in 1968 and renamed Canadian Tire Acceptance, Limited . Canadian Tire entered the clothing market by acquiring Mark's Work Wearhouse in 2001. In 2003, CTC established

1395-457: The deal, CTC signed a 10-year supply agreement with Party City's parent company Amscan. Historically, Canadian Tire's Christmas ads featured Santa Claus and Ebenezer Scrooge arguing about whether Canadian Tire's selection or their sales prices were the reason to do Christmas shopping there, involving the marketing slogan "Give like Santa, save like Scrooge" . A stamp was issued by Canada Post commemorating Canadian Tire's 75th anniversary. It

Canada Square (Toronto) - Misplaced Pages Continue

1440-451: The distinctly curved shape of the lower right-hand corner of the card. It had no annual fee and had a reward program that allowed cardholders to earn up to 3.5% cash back, based on the amount of eligible annual purchases made on their card. Cardholders could earn double cash back at Canadian Tire and Mark's Work Wearhouse stores. (Mark's is a clothing and footwear retailer that has been a subsidiary of Canadian Tire since 2002. ) In late 2010,

1485-418: The end of 2018, Canadian Tire employed 12,735 full-time and 17,951 part-time employees in the corporate structure. These figures do not include temporary employees or employees working for Associate Stores, petroleum stores or franchise stores. There is an in-house Triangle Learning Academy , an allusion to the triangular CTC logo for employee and Associate Store management training. Canadian Tire Bank (CTB)

1530-470: The first official Associate Store was opened in Hamilton, Ontario by Walker Anderson on King Street. In 1944, to fund its growth, Canadian Tire Corporation became a public company and sold 100,000 shares. By 1945, there were 110 Canadian Tire stores. In 1946, an employee stock purchasing plan was implemented to encourage employee loyalty while discouraging unionization. The first gas bar opened in 1958 at

1575-455: The leases of 12 former Target store locations. In June 2015, Canadian Tire opened its largest location to-date at South Edmonton Common , which features 130,000 sq ft (12,000 m ) of retail space on two floors, widened and expanded departments, various interactive experiences (including a driving simulator and virtual reality ), as well as a rotating exhibit of Hockey Canada memorabilia. In September 2022, Canadian Tire opened

1620-420: The moniker Canadian Tire Financial Services from use. Additionally, in approximately 2018, Canadian Tire rebranded its credit card-issuing online banking website as Canadian Tire Bank , removing the last vestige of Canadian Tire Financial Services from active use. Canadian Tire Petroleum (CTP), operating as Canadian Tire Gas+, is the division of Canadian Tire which operates gas stations and car washes. CTP

1665-517: The purchase of Forzani Group , a Canadian sporting goods retailer that operates various brands, including SportChek , Atmosphere, Intersport, Hockey Experts, National Sports, Nevada Bob's Golf, S3, Sport Mart, Sports Experts, Tech Shop, Pro Hockey Life, and The Fitness Source. In February 2021, Canadian Tire announced the closure of all National Sports stores, citing a focus on efficiencies and core assets. In October 2019, Canadian Tire closed its acquisition of Party City's Canadian business. As part of

1710-615: The shelf in each store, more than its competitors. The first Auto Source was opened in Indianapolis in 1991. Unlike the previous attempt, the Auto Source concept was built from scratch. During the next three years, Canadian Tire had opened two Auto Source stores each in Indianapolis, Cincinnati , Dayton , Columbus and Louisville for a total of ten stores before abruptly closing the money-losing chain in 1995. Some of

1755-541: The station as well as to the Yonge Eglinton Centre across the street. The building was built in 1962 and has 17 floors. It has 259,397 square feet (24,099 m) of space. The building's major tenants are Canadian Tire , Procom Consultants, and the headquarters of the YMCA of Greater Toronto . 2190 Yonge Street was built in 1987 with 6 floors and 151,021 square feet (14,030 m) of space. Its major tenant

1800-554: The stores were sold to Pep Boys . Although Auto Source lost nearly CA$ 60 million during its four years of existence, a scaled-down version was used in Canada under the PartSource brand. Canadian Tire owns a number of house brands , with some of its most prominent including Mastercraft (tools), MotoMaster (automotive), as well as NOMA (household goods, particularly lights and Christmas lights ) and Simoniz (car care products)—two brands for which Canadian Tire acquired

1845-448: The winter then reselling the tires during the busy summer season. The brothers opened a retail store at Yonge and Gould Streets in Toronto, Ontario. A product focus on tires was emphasized in 1927 with the incorporation of the name Canadian Tire Corporation Limited because, as A.J. Billes said, "...it sounded big". During 1928, the first Canadian Tire catalogues were distributed, consisting of price lists along with road maps. In 1934,

Canada Square (Toronto) - Misplaced Pages Continue

1890-602: The wrong way" (dish sponges)—which became a viral trend in 2020. Canadian Tire owns the rights to three ice hockey brands. In 2011, the company's purchase of the Forzani Group gave it the rights to the Hespeler and Victoriaville brands. In 2018, it acquired the trademarks of Sherwood Hockey . On May 10, 2017, Canadian Tire announced it would buy Padinox, the manufacturer of the Paderno kitchen equipment. At

1935-424: Was founded in 1958 as a means of increasing customer traffic to Canadian Tire stores. In Ontario, CTP also operates Pit Stop, which provides services like oil changes and rust checks. The Canadian Tire money loyalty program was originally launched through the gas bars as "Gas Bonus Coupons." CTP has opened three Q Stop stores featuring a mini-grocery store and other items. CTP also holds the concession to operate

1980-757: Was inducted into the Canadian Motorsport Hall of Fame in 1994. The company has had naming rights at Canadian Tire Motorsport Park , formerly known as Mosport International Raceway , since 2012. The home arena of the Ottawa Senators of the National Hockey League (NHL) has been known as the Canadian Tire Centre since 2013. The company sponsors the Northern Super League , which

2025-495: Was known as Canadian Tire Financial Services Ltd. (CTFS or CTFSL). In 1968, Canadian Tire purchased Midland Shoppers Credit Limited, a small company founded in 1961 to provide third-party credit processing for local retailers in the Niagara Region . After its acquisition, the company was renamed "Canadian Tire Acceptance Limited (CTAL)", and later "Canadian Tire Financial Services Limited". Canadian Tire Bank (CTB),

#108891