TSX:CTC.AMultiline Retail
The Bull Case For Canadian Tire (TSX:CTC.A) Could Change Following New 9.6% Share Buyback Plan
On March 9, 2026, Canadian Tire Corporation, Limited announced a normal course issuer bid to repurchase up to 4,700,000 Class A non-voting shares, or 9.59% of the 49,283,531 shares outstanding as of February 26, 2026, with the program running until March 10, 2027 and repurchased shares returned to authorized but unissued status.
The buyback is explicitly intended to counteract dilution from dividend reinvestment and stock option plans, underscoring management’s focus on capital discipline...