Canadian Tire declares quarterly dividend

TORONTO, Oct. 7 /CNW/ - Canadian Tire Corporation, Limited (CTC, CTC.a) has declared a quarterly dividend of $0.21 per share on each Common and Class A Non-Voting share. The dividend is payable December 1, 2010 to Common and Class A shareholders of record as of October 29, 2010. The dividend is considered an "eligible dividend" for tax purposes.

Canadian Tire Corporation, Limited (TSX: CTC.a, CTC) is one of Canada's most shopped general retailers with 1200 locations offering everyday products and services in six major categories - Living, Playing, Fixing, Automotive, Apparel and Financial Services. Our retail operations include Canadian Tire - our core retail and automotive service operation, Canadian Tire Petroleum - one of the country's largest independent retailers of gasoline, Mark's "Clothes that Work" - a leading retailer of men's women's and work apparel, and PartSource - specializing in auto parts. Canadian Tire Financial Services is a Canadian financial institution and leading MasterCard credit card issuer with approximately four million Canadian Tire MasterCard credit cards issued. More than 58,000 Canadians work from coast-to-coast across Canada in retail, financial services and petroleum businesses operated under Canadian Tire brands.

%SEDAR: 00000534EF

For further information: Amy Cole, 416-544-7655, (m) 416-997-9825, amy.cole@cantire.com