Reported 5 days ago
Canadian Tire's CEO Greg Hicks announced the retailer is preparing for potential tariffs as tensions rise in U.S.-Canada trade relations. The company is reviewing its U.S. supplies and considering alternatives to counter the possible cost increases from tariffs. Following a recent earnings report that showed weaker-than-expected sales, Hicks noted that consumer confidence in Canada could be adversely affected by these trade challenges.
Source: YAHOO