In addition to its 503 dealer-operated Canadian Tire stores, CTC also owns and directly operates Mark’s, with 383 stores, and 354 sports stores (SportChek, Sports Expert, Atmosphere, Athlete’s World, and others). As well, it has 279 gasoline bar locations, plus PartSource, Party City, and Pro Hockey Life, which total 169 stores.
Canadian Tire, through its bank subsidiary is also a large MasterCard issuer with 2.3 million active credit card holders with average account balances of $3,224 each. That’s $7.4 billion in credit card receivables.
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Income Investor
I recommended buying CTC in early 2024 after shares had hit a five-year low on disappointment over the 2023 results. Subsequently, it rose almost 50%, to $194.30, in July 2025 as results strongly rebounded, before reporting what were regarded as disappointing second quarter results this year. This was despite second-quarter SSSG climbing 5.6% and total sales rising 5.2%, to $4.2 billion. The shares are now at $169.50.
CTC remains well positioned amongst Canadian retailers with its wide range of essential items complemented by seasonal products. It is increasing its own brand share and making value-added initiatives such as the acquisition of the Hudson Bay coat of arms and stripes, and linking its Triangle Rewards program to RBC and WestJet’s loyalty programs. Its low price/earnings ratio of 11.8 and sustainable dividend mean it’s a Buy at the current price. - Gavin Graham
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CTC.A was first recommended here on June 13, 2011