Bullish on Canadian Tire Corp. Ltd.
Point & Figure measurements provide targets of $200 and $220. Higher targets are visible.
Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication (www.capitalightresearch.com). Chart source: www.decisionplus.com
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Toronto Sun
3 days ago
- Toronto Sun
Canadian Tire eliminating some corporate jobs amid restructuring
Published Jul 29, 2025 • 1 minute read The Canadian Tire logo is seen in Stratford, Ont., Nov. 23, 2018. Photo by Terry Bridge / Files / The Beacon Herald Canadian Tire Corp. Ltd. says it is eliminating some corporate positions. 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 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. MLB Toronto Blue Jays Toronto & GTA Toronto Blue Jays Canada
Winnipeg Free Press
3 days ago
- Winnipeg Free Press
Canadian Tire eliminating some corporate jobs amid restructuring
Canadian Tire Corp. Ltd. says it is eliminating some corporate positions. 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. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 29, 2025. Companies in this story: (TSX: CTC.A)
Globe and Mail
3 days ago
- Globe and Mail
Bullish on Canadian Tire Corp. Ltd.
Canadian Tire CTC-A-T, (Monday's close $189.02) had a sharp rise from $67.15 in March, 2020 (not shown) to $213.85 in May, 2021 (A), reversed the trend when it fell below the 40-week Moving Average (40wMA – B), and started trading below a falling trendline (dotted line). The stock appeared to be ready to reverse this trend in 2023 when it rallied above the 40wMA, but Canadian Tire ran into resistance at the falling trendline (C). The recent sharp rise above the falling trendline confirmed the breakout and the start of a new uptrend (D). At the same time, Canadian Tire is becoming overbought as it rises farther away from its average; a minor pullback toward $170-175 would provide a better entry. Only a sustained decline below $160-165 would be negative. Point & Figure measurements provide targets of $200 and $220. Higher targets are visible. Monica Rizk is the Senior Technical Analyst of the Phases & Cycles publication ( Chart source:
