Canadian Tire Introduction

Canadian Tire was founded in 1922 by two brothers with the name of John W. Billes and Alfred J. Billes with a combine savings of $1800 at the corner of Gerrard and Hamilton Streets in Toronto. Canadian Tire is one of the biggest retailers in Canada with 475 Stores across the country, to the point that it even has its own money called the Canadian Tire Money. Customers can save this money and buy items from any Canadian Tire store. Like many other stores which have been sold to U.S. such as Tim Horton’s; Canadian Tire is the only store that is wholly owned by Canada. It is also an example of an organization which almost faced a serious crash but was brought back up. It has many competitors such as Home depot, Wal-Mart, and many more retailers. Canadian Tire also took the initiative to open a first Canadian Tire Gas Bar in 1958 at Young and Church streets in Toronto. Canadian Tire also supports many foundations such as The Canadian Tire Jump Start, as well partnership with the racing company Nascar. Canadian Tire has total of five businesses which are Canadian Tire Retail, Part Source, Canadian Tire Financial Services, Canadian Tire Petroleum, and Mark's Work Wearhouse.