Canadian Tire (CTC) AGM 2025 summary

Opening remarks and agenda

• Emphasized the need for resilience and competitiveness amid global economic uncertainty and shifting political norms.

• Reflected on past commitments to learn from 2023 and highlighted the company's intertwined role with Canadian prosperity.

Financial performance review

• Achieved a 20% increase in earnings before tax, generated CAD 1.6 billion in free cash flow, and paid down CAD 1 billion in debt.

• Enhanced omnichannel capabilities, upgraded digital platforms, and expanded store formats.

• Managed macroeconomic challenges, including inflation and tariffs, and benefited from a strong Canadian winter.

Board and executive committee updates

• Introduced new executive roles: Chief Transformation Officer, Chief Commercial Officer, Chief Operating Officer, and Chief Financial Officer to drive the True North strategy.

• Outlined the responsibilities and backgrounds of new leadership team members.