Gas Advantage® MasterCard® rewards cardmembers with instant savings
    of up to 10 cents off a litre

    TORONTO, June 25 /CNW/ - At a time when the price of gas is top-of-mind
for many Canadians, Canadian Tire announced today that it is rolling out the
Gas Advantage MasterCard to more provinces across the country(*). First piloted
in Ontario, the Gas Advantage MasterCard rolls out July 1, 2008 providing
cardholders with instant savings at Canadian Tire gas bar pumps with the
simple swipe of the card.
    Introduced in Ontario in 2006, the Gas Advantage MasterCard is the first
card of its kind in Canada to instantly roll back the price of gas by up to
10 cents off a litre. The rollout of the Gas Advantage MasterCard continues
Canadian Tire's longstanding tradition of offering customers added value at
the pumps - a tradition that dates back to 1958 with the introduction of
Canadian Tire 'Money'®.
    "By leveraging the strengths of Canadian Tire Petroleum and Canadian Tire
Financial Services we are able to provide our customers with an innovative
product that offers customers instant savings at the pumps at a time when the
price of gas is top-of-mind," says Jim Kozack, vice president, Canadian Tire
Financial Services.
    Gas Advantage MasterCard cardholders are rewarded for using their card
everywhere they shop, anywhere in the world by instantly rolling back the
price of gas when they swipe their card. The more customers use their card,
the higher the discount on gas.Spend on card per month           Savings next month (per litre)
    -----------------------           ------------------------------
    $2000 or greater                  10 cents
    $1000 - $1999.99                  8 cents
    $500 - $999.99                    5 cents
    $0 - $499.99                      2 centsAccepted worldwide, the Gas Advantage MasterCard is issued by Canadian
Tire Bank, has no annual fee and enables customers to use the card everywhere
MasterCard is accepted. To find out more or to apply, customers can visit
canadiantire.ca/gasadvantage.

    Canadian Tire Corporation, Limited (TSX: CTC, CTC.a), operates an
inter-related network of businesses engaged in retail, financial services and
petroleum. The Company operates more than 1,170 stores, gas bars and car
washes, including the country's most-shopped general merchandise retailer.
Canadian Tire Financial Services manages approximately 4.6 million Canadian
Tire MasterCard accounts and markets related financial products and services
for retail and petroleum customers. More than 57,000 Canadians work across
Canadian Tire's organization from coast-to-coast in the enterprise's retail,
financial services, and petroleum businesses.

    ((*)Excluding pumps in Nova Scotia due to legislative restrictions.)