, says it has finished a review of strategic alternatives for its financial services business and decided it will keep 100 per cent ownership of the bank.
, says it has finished a review of strategic alternatives for its financial services business and decided it will keep 100 per cent ownership of the bank.
The retailer says it explored options with a range of interested groups, including several of Canada’s leading financial services companies.
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Canadian Tire chief executive Greg Hicks says the review helped the retailer gain insights that will make it an even better bank owner.
He says the company is engaged in talks with several of Canada’s largest brands about loyalty partnerships that are expected to broaden the value of Triangle Rewards.
The company consolidated its ownership of Canadian Tire Financial Services last year when it bought back the 20 per cent stake in the business that was owned by Scotiabank.Study and track financial data on any traded entity: click to open the full quote page. Data updated as of
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Canadian Tire to keep 100% ownership of financial services business after reviewTORONTO — Canadian Tire Corp. Ltd., says it has finished a review of strategic alternatives for its financial services business and decided it will keep 100 per cent ownership of the bank.
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