There was an article in the Toronto star last year entitled “Canadian Tire sees future in cars, fitness”. This article talked about current and future business plans. One interesting quote from this article stated;
The company said it plans to wring eight to 10 per cent higher annual profit on three to five per cent higher sales by focusing on its core business, customer needs and efficiencies. Such figures will boost shareholders’ annual return on equity by 10 to 12 per cent.
Conformation of their predicted “boost” can be seen by viewing the Canadian Tire Corp. - CTC.A: TSX stock chart.
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