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

CANADIAN TIRE CORPORATION, LIMITED

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Canadian Tire : rower Silken Laumann drawn to paratriathlete's story, backs her with cash

09/29/2020 | 03:24pm EST

CALGARYLeanne Taylor was born the same year Silken Laumann overcame long odds to stand on the Olympic podium.

Laumann rowing to a bronze medal with a mangled leg at the 1992 Summer Olympics in Barcelona is part of Canadian sport lore.

Paralyzed from the waist down in a biking accident in 2018, Taylor decided while in hospital she was going to be a paratriathlete.

When told recently that Laumann was giving her $15,000 towards a new handcycle and racing wheelchair, Taylor did a double take.

"I knew she was a rower. I knew that she'd gotten injured and had some kind of comeback," Taylor said Wednesday from Oak Bluff, Man.

"Honestly, beyond that I didn't know too much. My parents did. When I mentioned Silken Laumann wants to buy this equipment, they're like 'wait a minute. Who?' Then I read her book and I was like 'oh yeah, that is a big deal.'"

Laumann, who lives in Victoria, and the 28-year-old Taylor met each other for the first time Wednesday morning via a virtual call.

"I really was captured by her drive," Laumann said.

"I thought of this young woman who finds herself in the hospital, her life changed instantly, her whole path, all her dreams, everything radically changed, and now living in a wheelchair. And she decides to go for the Paralympics."

When Taylor flipped her mountain bike July 7, 2018, she suffered a spinal injury that paralyzed her below the waist.

She won the Canadian para-triathlon championship in her classification a year later. Taylor placed in the top 10 in three other international races in 2019 despite racing on hand-me-down equipment.

The wheels on one of her racing chairs rubbed if she went too fast.

Laumann's donation, plus a top-up from Canadian Tire's Jumpstart program, gave Taylor almost $30,000 for the "drastic upgrade" in racing technology, according to national team coach Carolyn Murray.

"It's game changing," Murray said. "Leanne started the sport not that long ago. Everything's progressing really quickly, her commitment to the sport, her ability to compete.

"Her equipment is a huge piece of it. The equipment she had before was heavy and falling apart, and not at all competitive with the athletes that she was trying to be competitive with."

Triathlon Canada couldn't afford to buy the equipment for her, Murray said.

Because Taylor is so new to the sport, she doesn't have enough results to be a "targeted athlete" and qualify for Own The Podium funds.

Taylor works as a compliance officer for a pharmaceutical company in Winnipeg. Representing Canada at the 2024 Paralympic Games in Paris was her initial goal.

The postponement of the Tokyo Games to 2021 opened a window of opportunity for Taylor, particularly now that she has state-of-the-art equipment.

"If you look at what I'm able to pull off in this equipment, it makes it possible," Taylor said. "You generally hear 'the first time you take it out don't judge it, it's going to take time for you to get used to it and if you hate it the first time that's normal.'

"But I actually got in it the first time and did a personal best."

Taylor needs to compete in order to qualify for Tokyo. She ranked 13th in the world when the COVID-19 pandemic halted races. She must be ranked in the top nine to get to Tokyo.

Laumann, 55, learned of Taylor's situation via friend and Triathlon Canada chief executive officer Kim Van Bruggen.

Laumann won a single sculls Olympic silver medal in 1996. It was her bronze in Barcelona that challenged perceptions about the human body's limits.

A collision with a German rowing shell just weeks out from the Barcelona Games shattered her ankle and shredded her calf muscles.

While in hospital undergoing multiple surgeries and told she'd never row again, Laumann vowed to race in Barcelona.

Upon learning Taylor's story, Laumann felt a kinship with the athlete.

"There must have been that resonance at some level," Laumann said. "I think it's about having agency, isn't it? It's about crappy things happening, but still being able to have control and goals in your life."

Laumann became a mental-health advocate with the release of her autobiography "Unsinkable". Her memoir revealed the depression and anxiety she's felt in her life.

"We're creating basically a social movement around positive mental health, but it's not that concrete right?" Laumann explained. "It's long-term and the impact is measured in centimetres at a time. I know the complexity of real social change.

"It was nice to do something that's super-concrete like 'I'm going to give her the money and she's going to go buy a chair and she can be able to do something better than she did before.'

"It was a significant contribution, but it felt like it really was going to make a difference in this person's life."

This report by The Canadian Press was first published Sept. 30, 2020.

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© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Sales 2020 14 790 M 11 400 M 11 400 M
Net income 2020 661 M 509 M 509 M
Net Debt 2020 6 215 M 4 790 M 4 790 M
P/E ratio 2020 15,1x
Yield 2020 2,75%
Capitalization 10 246 M 7 887 M 7 898 M
EV / Sales 2020 1,11x
EV / Sales 2021 1,09x
Nbr of Employees 22 439
Free-Float 94,1%
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Greg Hicks President, Chief Executive Officer & Director
Maureen Joanne Sabia Non-Executive Chairman
Gregory Craig Chief Financial Officer & Executive Vice President
Rex William Lee Chief Information Officer & Senior Vice President
Owen G. Billes Non-Independent Director
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