TORONTO, May 2 /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. EDT

    WHEN:   Annual Meeting: Thursday, May 8, 2008 at 10 a.m. EDT

            Media Briefing: Immediately following the Annual Meeting in the
            Manager's Boardroom, 2nd Floor

            Earnings Conference Call: Thursday, May 8, 2008 at 4:00 p.m. EDT

    HOW:    To listen in to the earnings conference call with the investment
            community, please dial 1-888-241-0394.

            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
            available for replay at this website for 12 months.

            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:  The Suites at 1 King West
            Grand Banking Hall
            1 King Street West
            Toronto, Ontario
            M5H 1A1