Who owns Canadian Tire? This question often comes up when discussing one of Canada’s largest retailers. Canadian Tire is a well-known brand that has been serving Canadian consumers for over a century. Understanding the ownership structure of such a significant company is essential for anyone interested in its history, operations, and future prospects.
Canadian Tire Corporation, Limited is the parent company of Canadian Tire, and it is publicly traded on the Toronto Stock Exchange under the symbol “CTC.A”. The company’s headquarters are located in Toronto, Ontario. Canadian Tire Corporation is a diversified retailer that operates through various business segments, including retail stores, financial services, and a group of related businesses.
The ownership of Canadian Tire is spread across several categories, including institutional investors, mutual funds, and individual shareholders. The largest shareholder as of the latest available information is the Ontario Teachers’ Pension Plan, which holds approximately 14.4% of the company’s outstanding shares. This pension plan is one of the largest in the world and is managed by the Ontario Teachers’ Pension Plan Board.
Other significant shareholders include Caisse de dépôt et placement du Québec, which holds around 9.5% of the company’s shares, and the Public Sector Pension Investment Board, with a stake of approximately 7.5%. These institutional investors play a crucial role in shaping the company’s strategic direction and long-term growth.
The management team of Canadian Tire Corporation is responsible for overseeing the company’s operations and driving its success. The board of directors, which includes a mix of independent directors and representatives from the Ontario Teachers’ Pension Plan, provides oversight and guidance to the management team.
Canadian Tire’s history is rich with milestones and transformations. The company was founded in 1922 by Albert Campbell and his son, John, as a small hardware store in Toronto. Over the years, it has expanded its operations and product offerings, becoming a household name across Canada. Today, Canadian Tire operates over 500 retail stores and over 500 gasoline stations, along with an extensive online presence.
Understanding who owns Canadian Tire is essential for anyone interested in the company’s performance and potential. The diverse ownership structure, with a strong presence of institutional investors, suggests a commitment to long-term growth and stability. As the company continues to evolve and adapt to the changing retail landscape, its owners will undoubtedly play a critical role in shaping its future.
