We are proud of our economic investment in local Canadian economies, as announced in our
$3.4-billion Better Connected strategic investment plan in March of 2022.
As part of the plan, we intend to invest $1.2 billion in our Canadian Tire store network to better
connect our digital and physical channels, modernizing and creating a more contemporary
experience for customers and making the Triangle brand a trusted source for the products and
services customers need. We plan to refresh about 50% of the 2021 Canadian Tire store retail
square footage and increase our total store network square footage by almost 10%.
This investment will change how Canadian Tire shows up for communities across Canada, as
we replace, upgrade and add new stores in growing suburban areas and smaller markets like
Chilliwack, British Columbia, which opened in 2022, and Mont-Tremblant and Sherbrooke,
Quebec, both scheduled to open in 2023. In 2022, we also achieved a milestone with the launch
of our first two large format “Remarkable Retail” stores, in Ottawa and Welland, Ontario, adding
more than 92,000 in retail square footage combined. We plan to open our next Remarkable
Retail store in Calgary, Alberta, in 2025.
As we invest in our store network, we recognize the importance of taking environmental impacts
into consideration, with an eye to how they can contribute to our 2030 GHG emission reduction
targets. For more information about our environmental efforts, including our net zero ready1
building prototype, please see our Climate Change section.
Our investments not only drive growth for CTC – they also create jobs. In addition to our
investment in stores, we invest in strengthening local communities through economic support for
those who are new to Canada. Whether one arrives as a student, as a permanent resident or
with refugee status, entry into a new country can be overwhelming. CTC offers many ways to
help newcomers integrate into life in Canada. Many of our Dealers run local programs to hire
and train new Canadians, offering employment and local community support. Offering
competitive wages and practical job training across CTC’s network of stores is vital to growing
our local economies and providing opportunities to everyone in Canada.