TORONTO, May 4 /CNW/ -WHAT:   Canadian Tire Corporation, Limited will hold its Annual Meeting
            of Shareholders.

            A media question and answer session will follow the Annual
            Meeting of Shareholders at approximately 11 a.m.

    WHEN:   Annual Meeting: Thursday, May 10, 2007 at 10 a.m. EST

            Media Briefing: Immediately following the Annual Meeting in
            Room 706, South Building, Metro Toronto Convention Centre

            Earnings Conference Call: Thursday, May 10, 2007 at 3:30 p.m. EST

    HOW:    To listen to the earnings conference call with the investment
            community, please dial 1-800-700-6578
            (Conference ID No. 7305975).

            The conference call will be available simultaneously and in its
            entirety to all interested investors and the news media through a
            webcast at http://investor.relations.canadiantire.ca and will be
            archived there.

            For corporate information including financial events and dates,
            media are invited to visit www.canadiantire.ca, and click on
            Company Information, Media Centre and the Key Dates and Events
            tabs.

    WHERE:  Metro Toronto Convention Centre
            Room 701, South Building
            222 Bremner Boulevard
            Toronto, Ontario