Ms. Susan O'Brien of Canadian Tire reports

CANADIAN TIRE CORPORATION AND PETRO-CANADA(TM) FUEL NEW ADVENTURES WITH LOYALTY PARTNERSHIP LAUNCH

Canadian Tire Corp. Ltd. and Petro-Canada, a Suncor Energy Inc. business, have provided the details of their recently launched Triangle Rewards and Petro-Points loyalty partnership. Together, the programs are providing more value and convenience to millions of loyalty members at more than 1,800 Canadian Tire Gas+ and Petro-Canada locations across the country.

Through the new loyalty partnership, Triangle Rewards members can earn Canadian Tire Money (CT Money) at Petro-Canada, and Petro-Points members can earn and redeem Petro-Points at Gas+. In addition, members of each respective loyalty program continue to earn existing benefits, including savings and rewards on fuel and other purchases.

By linking their Triangle Rewards and Petro-Points accounts, members maximize their benefits to earn both CT Money and 20 per cent more Petro-Points with each fuel transaction, convert Petro-Points into CT Money, and then redeem CT Money across Canadian Tire's banners, including Canadian Tire, SportChek, Sports Experts, Mark's/L'Equipeur, Party City and more.

As previously announced, over 200 of Canadian Tire's Gas+ retail fuel network sites will be rebranded to Petro-Canada stations, while maintaining Canadian Tire ownership.

"Two leading reward programs are partnering so customers can spend once, earn twice. By expanding Triangle Rewards to nearly six times as many fuel stations across Canada, our more than 11 million active Triangle Rewards members will benefit from the convenience of earning rewards at more locations, reinforcing CTC's brand purpose that we are here to make life in Canada better," said Susan O'Brien, executive vice-president and chief brand and customer officer, Canadian Tire. "Triangle Rewards is a central component of our Better Connected strategy and this partnership with Petro-Canada is a key milestone in the evolution of our loyalty program."

"For nearly 30 years, the Petro-Points program has provided Canadians with exceptional value on fuel, convenience and car wash purchases, and we're excited to offer our more than three million active members opportunities to earn and redeem rewards even faster with CTC's Triangle Rewards," said Dave Oldreive, executive vice-president of downstream, Suncor. "As Canada's most trusted fuel brand, this is a tangible example of how we continue to evolve and strengthen the Petro-Canada retail fuel network through strategic partnerships, an important part of Suncor's integrated downstream business."

To link their Triangle Rewards and Petro-Points accounts, customers can visit the Triangle Rewards website and start earning more rewards at the pumps today.

About Canadian Tire Corp. Ltd.

Canadian Tire is a group of companies that includes a retail segment, a financial services division and CT REIT. The retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its living, playing, fixing, automotive, and seasonal and gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The retail segment also includes Mark's, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands. The company's close to 1,700 retail and gasoline outlets are supported and strengthened by Canadian Tire's financial services division and the tens of thousands of people employed across Canada and around the world by Canadian Tire and its local dealers, franchisees and petroleum retailers. In addition, Canadian Tire owns and operates Helly Hansen, a leading technical outdoor brand based in Oslo, Norway.

About Petro-Canada

Petro-Canada, a Suncor business, operates more than 1,500 retail stations and 300 Petro-Pass wholesale locations nationwide, including 69 marketing arrangements with indigenous communities. In 2019, Petro-Canada opened Canada's Electric Highway, a coast-to-coast network of electric vehicle chargers. In 2020, the Petro-Canada CareMakers Foundation was launched to help support Canadian caregivers. Petro-Canada's retail loyalty program, Petro-Points, provides Canadians with the opportunity to earn and redeem rewards. Petro-Canada is proud to be a national partner of the Canadian Olympic and Paralympic committees, supporting Canadian athletes, coaches, families and fans for more than 35 years.

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