Canadian Tire Corporation Announces Renewal of Normal Course Issuer Bid

Executive Summary

• Canadian Tire Corporation received TSX approval to renew its normal course issuer bid (NCIB) for Class A Non‑Voting Shares, allowing repurchase of up to 4.7 million shares (≈10% of the public float) between March 11 2026 and March 10 2027.
• The company will implement an automatic securities purchase plan (ASPP) with a designated broker to facilitate repurchases during blackout periods.
• Under the prior 2025‑26 NCIB, Canadian Tire had already repurchased 3,074,096 shares at a volume‑weighted average price of $166.43 per share.

Key Details

• NCIB Authorization: Up to 4,700,000 Class A Non‑Voting Shares may be repurchased in the 2026‑27 NCIB period (Mar 11 2026 – Mar 10 2027).
• Percentage of Float: Represents roughly 10% of the 47,075,805 public float as of Feb 26 2026.
• Total Shares Outstanding: 49,283,531 shares as of Feb 26 2026.
• Repurchase Methodology: Open‑market transactions on TSX and/or eligible Canadian trading systems at market price; may also use private agreements or exemption orders (typically at a discount).
• Daily Repurchase Limit: Based on average daily volume of 259,059 shares (net of prior repurchases), daily limit set at 64,764 shares, excluding block purchase exceptions.
• Previous NCIB Activity (2025‑26): Authorized up to 4,900,000 shares; 3,074,096 shares already repurchased at VWAP $166.43 per share as of Feb 28 2026.
• Automatic Securities Purchase Plan (ASPP):
• To be entered into on or about March 11 2026 and terminate upon reaching the NCIB limit, expiry of the NCIB, or earlier termination by the company.
• Enables repurchases during regulatory black‑out periods under TSX‑prescribed parameters.
• Purpose: Offset dilutive effect of Dividend Reinvestment and Stock Option Plans; align with corporate share‑repurchase policy.

Notable Quotes

(No direct quotes were provided in the release.)