IFRS Impact on Canadian Tire
Forward looking information
In this document, the terms "we", "us", "our", "Company" and "CTC" refer to Canadian Tire Corporation, Limited and its business units and subsidiaries. This
document contains forward-looking information that reflects management's current expectations related to matters such as future financial performance and
operating results of the Company. Forward-looking statements are provided for the purposes of providing information about management's current expectations
and plans and allowing investors and others to get a better understanding of our financial position, results of operation and operating environment. Readers are
cautioned that such information may not be appropriate for other circumstances.
All statements other than statements of historical facts included in this document may constitute forward-looking information, including but not limited to, statements
concerning management's expectations relating to possible or assumed future prospects and results, our strategic goals and priorities, our actions and the results
of those actions and the economic and business outlook for us. Often but not always, forward-looking information can be identified by the use of forward-looking
terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the
negative of these terms or variations of them or similar terminology. Forward-looking information is based on the reasonable assumptions, estimates, analysis and
opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable at the date that such statements are made.
By its very nature, forward-looking information requires us to make assumptions and is subject to inherent risks and uncertainties, which give rise to the possibility
that the Company's assumptions may not be correct and that the Company's expectations and plans will not be achieved. Although the Company believes that the
forward-looking information in this document is based on information and assumptions which are current, reasonable and complete, this information is necessarily
subject to a number of factors that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking
information for a variety of reasons. Some of the factors - many of which are beyond our control and the effects of which can be difficult to predict - include (a)
credit, market, currency, operational, liquidity and funding risks, including changes in economic conditions, interest rates or tax rates; (b) the ability of Canadian Tire
to attract and retain quality employees, Dealers, Canadian Tire Petroleum agents and PartSource and Mark's Work Wearhouse store operators and franchisees, as
well as our financial arrangements with such parties; (c) the growth of certain business categories and market segments and the willingness of customers to shop
at our stores or acquire our financial products and services; (d) our margins and sales and those of our competitors; (e) risks and uncertainties relating to
information management, technology, supply chain, product safety, changes in law, competition, seasonality, commodity price and business disruption, our
relationships with suppliers and manufacturers, changes to existing accounting pronouncements, the risk of damage to the reputation of brands promoted by
Canadian Tire and the cost of store network expansion and retrofits and (f) our capital structure, funding strategy, cost management programs and share price. We
caution that the foregoing list of important factors and assumptions is not exhaustive and other factors could also adversely affect our results. Investors and other
readers are urged to consider the foregoing risks, uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned
not to place undue reliance on such forward-looking information.
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