CANADIAN TIRE CORP. (CTC.A.TO)

Shares of Canadian Tire Corp. (CTC.A.TO) have recently begun to improve in relative strength rankings, now moving higher within the SIA S&P/TSX 60 Index Report after an extended period in the unfavored zone. This development comes amid notable corporate initiatives, including the continued rollout of pet focused shop in shop concepts through a partnership with Petco and the company’s investment in NuPort Robotics, a Canadian firm advancing autonomous trucking solutions for middle distance logistics. Over the past quarter, CTC.A.TO has climbed 31 positions in the SIA matrix to rank #23. On an absolute basis, the shares have gained 25.85% in the past quarter and 24.42% year to date, compared to a 15.84% year to date gain for the SIA S&P/TSX 60 Index Fund (EWIXIU.TO).

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