Canadian Tire Dealers Recognize Dedication of Employees with a Special Support Program

More than 30,000 employees at Canadian Tire stores across Canada to benefit from $2/hour premium

TORONTO, March 25, 2020 /CNW/ - Canadian Tire Corporation (TSX:CTC, TSX:CTC.a) announced today that the Canadian Tire Associate Dealers have implemented a temporary special support payment of $2 per hour for all active Canadian Tire store employees. This premium, a 'thank you' to employees for their hard work in continuing to serve their communities during the COVID-19 pandemic, begins March 22, and will continue until May 2, 2020.

"In these unprecedented times, it is important to acknowledge the hard work of our teams and show our appreciation for their commitment to our stores, our communities and our customers," said Gerry Feist, President, Canadian Tire Dealers' Association, and Associate Dealer, Canadian Tire store #288 in Edmonton, Alberta.

"Canadians have been turning to Canadian Tire for the essential products required to help navigate COVID-19. Canadian Tire store employees are on the frontline and we are extremely proud of the role they are playing in our communities as they continue to serve our customers and help them to safely obtain the products they need," said Greg Hicks, President and CEO, Canadian Tire Corporation.

Canadian Tire Retail stores across the country remain open with reduced hours to allow for enhanced cleaning and restocking. The demand for supplies ranging from bathroom tissue, hand sanitizer and cleaning products to other household staples has been high as Canadians take precautions to help slow the spread of COVID-19.

In addition to the temporary support payments by its Associate Dealers, Canadian Tire continues to explore measures that will support the safety and well-being of employees as the situation evolves. This week, stores have begun installing plexiglass cashier shields and social distancing measures are being implemented throughout the stores, including at check-outs. In addition, effective today, Canadian Tire stores are offering Curbside Pick Up for online orders, giving customers another way to shop where purchases are brought directly to their vehicle.

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, a hockey specialty store catering to elite players; SportChek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere, which offer the best active wear brands; and Party City Canada, a leading, one-stop shopping destination for party supplies and seasonal celebrations. The more than 1,740 retail and gasoline outlets are supported and strengthened by CTC's 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, CTC owns and operates Helly Hansen, a leading global brand in sportswear and workwear based in Oslo, Norway. For more information, visit Corp.CanadianTire.ca.

FOR MORE INFORMATION
Media: Jane Shaw, (416) 480-8581, [email protected]  
Investors: Lisa Greatrix, (416) 480-8725, [email protected]

SOURCE CANADIAN TIRE CORPORATION, LIMITED