Canada NewsWire
TORONTO, Oct. 1, 2018
TORONTO, Oct. 1, 2018 /CNW/ - As part of yesterday's USMCA
announcement, the federal government will reduce import and sales taxes for foreign retailers by raising the de minimis
threshold, benefiting Canadian consumers. Canadian Tire expects and, frankly, assumes that the federal government will create a
level playing field by extending the same treatment to Canadian retailers. Doing so will support Canadian retail workers while
further reducing prices for Canadian consumers, a win-win solution that Canadian Tire fully supports.
ABOUT CANADIAN TIRE CORPORATION
Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or "CTC", is a family of businesses that includes a Retail
segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and
provides Canadians with products for life in Canada across its Living, Playing, Fixing,
Automotive and Seasonal & Gardening divisions. PartSource and Gas+ are key parts of the Canadian Tire network. The Retail
segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, the world's largest hockey
centric retailer; and FGL (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere), which offers
the best active wear brands. The approximately 1,700 retail and gasoline outlets are supported and strengthened by our Financial
Services division and the tens of thousands of people employed across Canada and around the
world by the Company and its local dealers, franchisees and petroleum retailers. In addition, Canadian Tire Corporation owns and
operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway.
For more information, visit Corp.CanadianTire.ca.
SOURCE CANADIAN TIRE CORPORATION, LIMITED
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