Canadian Tire Corporation in connection with its strategic review of its financial services business

Torys acted as counsel to CTC with a team led by Josh Lavine and that included Cameron Koziskie, Tia Eisner and Nicole Beausoleil (corporate), Joel Ramsey, Steven Slavens and Angela Jiao (technology contracting), Blair Keefe and Eli Monas (financial services regulatory), Molly Reynolds (privacy).

On December 6, 2024, Canadian Tire Corporation, Limited (“CTC”) announced the completion of its assessment of strategic alternatives for Canadian Tire Financial Services (“CTFS”) and that CTC will retain 100% ownership of CTFS.

CTC explored options with a range of interested parties, including several of Canada's leading financial services companies, and has chosen a path which builds upon CTFS’ strong return profile and meaningful earnings stream, and maximizes its contribution to CTC's retail portfolio. As CTC scales the Triangle Rewards loyalty program, CTFS will continue to add value through its relationship with Triangle credit card holders and its lens on the Canadian consumer.

Further information can be found on the Canada Newswire's website.