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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Tire Corporation Limited    CTC.A   CA1366812024

CANADIAN TIRE CORPORATION LIMITED

(CTC.A)
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Canadian Tire : Indigenous man reaches deal after being thrown out of Canadian Tire in Regina

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07/24/2019 | 05:04pm EDT

REGINA — An Indigenous man who was accused of stealing and thrown out of a Canadian Tire store in Regina has reached a settlement with the retailer.

Kamao Cappo of the Muscowpetung First Nation filed a human rights complaint after an altercation with the store's manager on July 26, 2017, when Cappo tried to buy a chainsaw.

Cappo said he was approached by the manager who accused him of trying to shoplift, pushed him against some shelves and physically removed him from the store.

Cappo posted a video to social media and alleged the encounter was an example of racial profiling.

The Saskatchewan Human Rights Commission says Cappo's complaint was resolved through mediation.

The commission says the store has formally apologized to Cappo, and will train its employees to serve customers of all backgrounds.

"The store recognizes that members of Indigenous communities in Regina have suffered and continue to suffer from incidents of actual and perceived racism," said store owner Francois Brien in a joint statement with the human rights commission.

"As a result, the store has taken proactive steps to ensure that it can become an example for how to provide exceptional customer service to Indigenous customers."

Shortly after Cappo posted his video online, Canadian Tire announced the employee involved in the confrontation was no longer with the store.

Regina police said they consulted with Saskatchewan Justice, which recommended no charges be laid.

In a statement, Cappo said he accepts the apology from the store's owner and called it a gesture of good faith.

"I look forward to working with the store in developing effective change to address racism towards Indigenous communities in Regina, and perhaps develop models for others in the retail industry," he said.

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 14 719 M
EBIT 2019 1 456 M
Net income 2019 833 M
Debt 2019 5 049 M
Yield 2019 2,91%
P/E ratio 2019 11,2x
P/E ratio 2020 10,0x
EV / Sales2019 1,06x
EV / Sales2020 1,03x
Capitalization 10 608 M
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Average target price 165,73  CAD
Last Close Price 144,00  CAD
Spread / Highest target 31,9%
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Spread / Lowest Target -4,86%
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Stephen G. Wetmore President, Chief Executive Officer & Director
Maureen Joanne Sabia Non-Executive Chairman
Dean C. McCann Chief Financial Officer & Executive Vice President
Owen G. Billes Non-Independent Director
Timothy Robert Price Independent Director
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