15:16:33 EST Sun 08 Feb 2026
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Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2025-06-04 C$ 264.01
Market Cap C$ 903,802,858
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Globe says court approves Canadian Tire deal

2025-06-04 07:41 ET - In the News

The Globe and Mail reports in its Wednesday edition that Canadian Tire's $30-million acquisition of Hudson's Bay's intellectual property has been approved by the Ontario Superior Court. The Globe's Susan Krashinsky Robertson writes that this deal includes the retailer's brand names, logos and designs, such as its iconic multicoloured stripes and point-blanket patterns. The approval comes just two days after HBC closed its doors for good. Some see the conclusion of the Bay's liquidation as "the end of an era." Ashley Taylor, a lawyer with Stikeman Elliott representing HBC, told the court that there was no opposition to the Canadian Tire deal, which came out of "a robust" sales process. The approval of the Canadian Tire acquisition was slightly delayed on Tuesday, after Justice Osborne sought more details on trademarks related to the Bay's 1670 Royal Charter, which were included in the deal. Justice Osborne said he wanted to ensure the deal did not allow Canadian Tire to prevent others from calling the document "the royal charter," or from advertising it as such. After seeking clarification on the trademarks involved in the deal, Mr. Taylor informed the court that this would not be the case.

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