20:00:17 EDT Wed 01 May 2024
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Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2023-12-13 C$ 267.67
Market Cap C$ 916,332,377
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Globe says Scotiabank, CTC won't be sponsoring Juniors

2023-12-14 08:07 ET - In the News

See In the News (C-BNS) Bank of Nova Scotia

The Globe and Mail reports in its Thursday edition that some major sponsors are reinstating their partnerships with Hockey Canada ahead of the high-profile world junior championship tournament. The Globe's Susan Krashinsky writes that the move comes more than a year after many brands suspended their support of the organization amid a sexual-assault scandal. Tim Hortons, Telus and Imperial Oil's Esso all said on Wednesday that their brands will have a presence during the world juniors, which are taking place in Gothenburg, Sweden, starting Dec. 26. Not all sponsors are coming back: Another premier marketing partner, Nike, said in July that it had ended its sponsorship after more than two decades. Others including Canadian Tire and Hankook Tire Canada also permanently cut off their sponsorships in the wake of the scandal. Bank of Nova Scotia said on Wednesday that its sponsorship is focused on women's hockey programming this year. "As such Scotiabank will not have a presence at the IIHF World Junior Championship and instead, we will continue to redirect our support towards truly making hockey for all which to us, in part, means supporting women who pursue Canada's game," the bank said in a statement to The Globe.

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