Canadian Tire eliminating some corporate jobs amid restructuring
The retailer says in a statement that the cuts are part of a restructuring that was announced earlier this year, aimed at helping it compete amid an increasing need for speed and efficiency.
'Changes are underway and we are altering various processes and teams to transform and modernize. As a result, some corporate roles are expanding and others are being eliminated,' a Canadian Tire spokesperson said.
'While these changes are difficult, they are necessary to ensure that we remain a strong retailer, job creator, and contributor to the Canadian economy well into the future.'
Canadian Tire did not specify the number of positions being impacted.
In March, Canadian Tire announced a new strategy to invest $2 billion over four years to restructure the company for growth.
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This report by The Canadian Press was first published July 29, 2025.
Companies in this story: (TSX: CTC.A)
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Toronto Sun
4 hours ago
- Toronto Sun
GUNTER: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit
President Donald Trump reads from a paper and European Commission President Ursula von der Leyen listens after reaching a trade deal between the U.S. and the EU at the Trump Turnberry golf course in Turnberry, Scotland Sunday, July 27, 2025. Photo by Jacquelyn Martin / AP Last Sunday, at President Donald Trump's golf resort in Scotland (a.k.a. King Donald's summer palace), Ursula von der Leyen, president of the European Union pledged European countries would buy US$750 billion (over $1 trillion Canadian) of U.S. energy – largely LNG – over the next three years in return for Trump promising to impose only 15% tariffs on the union's member states. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Boy, those American and European trade negotiators must be dunces. Don't they know that three years ago, then-German Chancellor Olaf Scholz made a special trip to Canada to ask our government to sell tens of billions in LNG to his country? Our economic genius of a prime minister, Justin Trudeau rejected Scholz's request because 'there is no business case' for selling LNG to Europe. The Germans almost immediately turned around and signed a 15-year agreement with Qatar for about $1.5 billion a year in LNG from that Gulf state. This past Thursday, the South Koreans made a similar deal with the U.S. — $100 billion (about $138 billion Canadian) in energy over four years, primarily LNG. What's wrong with these countries? Can they not see that the greatest economic mind of the 21st Century, Justin Pierre James Trudeau, had decreed it was foolhardy to sign such agreements? Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The U.S. deals with the EU and Korea just for LNG are worth about $800 billion Canadian over the next four years. The rest of the sales are for oil and nuclear fuels. A good part of that market might have been Canada's had we not been ruled by a 'green' dreamweaver and eco-cultist who prevented this country from jumping into the world LNG market early in the game. Now the Americans have sucked up a lot of the oxygen in the room, and it will be hard for Canada to get a foothold, even if current Liberal Prime Minister Mark Carney gets off his duff and agrees to more pipelines and LNG ports. Trudeau's thinking (which remains Carney's thinking until the current Liberal government does more than just talk a good game) cost Canada at least $400 billion in investment during the Trudeau decade, drove down our per capita income, dropped us out of the 25 richest countries in the world, distorted our housing market and drove up prices and unemployment. This advertisement has not loaded yet, but your article continues below. Even after the change in prime ministers this year, the OECD still projects Canada will have the lowest level of economic growth of any developed country in the world for at least the next 20 years, because we just can't bring ourselves to do the tough work of becoming an energy superpower. Do you have any idea how much government revenue could be generated from $400 billion? At least $100 billion in corporate taxes and energy royalties. And that doesn't include more income tax collected from more Canadians working at higher-paying jobs. I was being facetious above, of course, when I said Trudeau was an economic genius. I would list him and the economic devastation he wrought as the worst government this country has ever had. He and his woke, 'green' obsessed cabinet dug a huge pit and threw us in it. (Then he trotted off to a Katy Perry concert and date.) This advertisement has not loaded yet, but your article continues below. Mark Carney may sound and look more competent than Trudeau, but is he? Just about half of his cabinet were ministers in Trudeau's cabinet and were just as obsessed as Justin with combatting climate change and shutting down oil and gas. They voted in lockstep with Trudeau for the emission caps, harsh eco regulations, EV mandate, net-zero power grid and opposition to resource development and pipelines. Carney himself spent the better part of a decade, before becoming P.M., acting as the U.N.'s ambassador on 'green' investing (even though in his own portfolio he retained millions of shares in oil companies). He also frequently advocated leaving most of today's proven oil and gas reserves in the ground. Count me skeptical that this leopard has changed his spots. This advertisement has not loaded yet, but your article continues below. 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Global News
6 hours ago
- Global News
Trade Minister Maninder Sidhu eyes new markets, smaller trade delegations
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Story continues below advertisement Sidhu served four years as a parliamentary secretary in roles reflecting all three branches of Global Affairs Canada: aid, trade and diplomacy. The job saw him represent Canada in trade promotion events in Southeast Asia and security forums in the Caribbean. Sidhu worked as a customs broker before politics — a job that focuses on navigating red tape and tariffs to secure the best rate for trading goods. Sidhu said he plans to visit Brazil soon as the South American country seeks to revive trade talks that kicked off in 2018 between the Mercosur trade bloc and Canada. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy His predecessor Mary Ng put an emphasis on large trade missions which took months to plan. 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Edmonton Journal
6 hours ago
- Edmonton Journal
Gunter: Trudeau cost Canada a chance to get into global LNG game — Trump and U.S. are reaping the benefit
Article content Last Sunday, at President Donald Trump's golf resort in Scotland (a.k.a. King Donald's summer palace), Ursula von der Leyen, president of the European Union pledged European countries would buy US$750 billion (over $1 trillion Canadian) of U.S. energy – largely LNG – over the next three years in return for Trump promising to impose only 15% tariffs on the union's member states. Article content Article content Boy, those American and European trade negotiators must be dunces. Don't they know that three years ago, then-German Chancellor Olaf Scholz made a special trip to Canada to ask our government to sell tens of billions in LNG to his country? Our economic genius of a prime minister, Justin Trudeau rejected Scholz's request because 'there is no business case' for selling LNG to Europe. Article content Article content Article content This past Thursday, the South Koreans made a similar deal with the U.S. — $100 billion (about $138 billion Canadian) in energy over four years, primarily LNG. Article content What's wrong with these countries? Can they not see that the greatest economic mind of the 21st Century, Justin Pierre James Trudeau, had decreed it was foolhardy to sign such agreements? Article content Article content The U.S. deals with the EU and Korea just for LNG are worth about $800 billion Canadian over the next four years. The rest of the sales are for oil and nuclear fuels. Article content Article content A good part of that market might have been Canada's had we not been ruled by a 'green' dreamweaver and eco-cultist who prevented this country from jumping into the world LNG market early in the game. Article content Now the Americans have sucked up a lot of the oxygen in the room, and it will be hard for Canada to get a foothold, even if current Liberal Prime Minister Mark Carney gets off his duff and agrees to more pipelines and LNG ports. Article content Trudeau's thinking (which remains Carney's thinking until the current Liberal government does more than just talk a good game) cost Canada at least $400 billion in investment during the Trudeau decade, drove down our per capita income, dropped us out of the 25 richest countries in the world, distorted our housing market and drove up prices and unemployment.
