Canadian Tire completed the acquisition of the remaining 20% stake in CTFS from Scotiabank for $895m.

Canadian Tire, a group of companies that includes a retail segment, completed the acquisition of the remaining 20% stake in Canadian Tire Financial Services, a financial services company, from Scotiabank, a multinational banking and financial services company, for $895m. "This move enables us to expedite key elements of our Triangle Rewards strategy to stay relevant to customers' changing needs and expand our credit card program to unlock even greater value for shareholders," Greg Hicks, Canadian Tire President and CEO.