22:05:56 EST Sun 08 Feb 2026
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CA



Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2025-06-24 C$ 266.00
Market Cap C$ 910,615,356
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Globe says Canadian Tire sees Liu snag 3 Bay locations

2025-06-24 08:29 ET - In the News

The Globe and Mail reports in its Tuesday edition that B.C. mall owner Weihong Liu will move forward with plans to open department stores in three former Hudson's Bay locations, after receiving court approval Monday to take over the leases. The Globe's Susan Krashinsky writes that the three leases, for which Ms. Liu has agreed to pay $6-million, are located in the Mayfair Shopping Centre in Victoria, Tsawwassen Mills in Tsawwassen, B.C., and the Woodgrove Centre in Nanaimo, B.C. Ms. Liu, who also goes by the name Ruby, has plans to open a chain of stores called Ruby Liu. The chair of Nanaimo, B.C., real estate investment company Central Walk still faces opposition from landlords for 23 out of 25 leases she is seeking to acquire, in addition to the three approved on Monday. Also Monday, the court approved a motion by Hudson's Bay to change its name to remove any references to HBC or Hudson's Bay. The name change is a requirement of a $30-million deal to sell its intellectual property to Canadian Tire. That deal, approved June 3, specified the name change should occur within 45 days of the transaction closing, something that should occur on Monday or Tuesday. The company has not disclosed what the new name will be.

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