Latest news with #Canadian-led
Calgary Herald
15-06-2025
- Automotive
- Calgary Herald
Fresh group of Edmonton soldiers depart for Latvia
Roughly 100 Edmonton soldiers departed for Europe Sunday to join the Multinational Brigade Latvia's Operation Reassurance where they'll stay for the next six months as part of the biggest reinforcement of NATO's collective defence in a generation. Article content 'We're just super excited to finally get boots on the ground because we have been looking forward to this for such a long time, and we've worked so hard to train,' said Capt. Emily Stregger as the group prepared to fly out. Article content Article content Article content NATO forces have been in the region since 2017 with the establishment of the Canadian-led combat-ready battlegroup that is hosted by the Latvian Mechanized Infantry Brigade and comprised of 14 contributing nations. Maj. Tim McHugh of the Lord Strathcona's Horse (Royal Canadians) said the group will be doing regular training while deployed, which takes on a different tone given their proximity to Russia. Article content Article content 'I think just having them on the vehicles on a regular basis, having access to the training area, and knowing that there is the potential for a threat that exists in that area does increase the level of training, and it makes everybody a little bit more excited.' Article content The group will be working with a variety of armoured vehicles, including the armoured engineer vehicle, which Stregger said is a variant of a Leopard II tank that has a bulldozer blade and excavator arm. Article content Article content Article content 'It's one of its own over there. So it'll be a very unique experience,' said Stregger. Article content Of the roughly 100 soldiers headed to Latvia, McHugh guessed that maybe only 20 had been deployed previously, making it an entirely new experience for the rest. With so many being deployed for the first time, McHugh said part of his job will be keeping the soldiers grounded. Article content 'We're going over there to do our job, to focus on the job first. There's going to be bonuses, you know, being over there, getting to see another country and interact with other nations, but focus on our core mandate and our core task, which is fighting tanks, and being better at that, and integrating into our battle group and being a confident fighting force,' said McHugh. Article content With the ongoing war in Ukraine and recent fighting between Iran and Israel having ramped up, military activity has been on the rise across the Atlantic. But McHugh said it doesn't change the mentality of the group heading into its deployment. Last deployed in Latvia himself in 2020, McHugh said the main difference for him is a growing Canadian presence.
Yahoo
09-06-2025
- Business
- Yahoo
Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year Office Lease with Canadian Tire Corporation
TORONTO, June 9, 2025 /CNW/ - Oxford Properties Group ("Oxford"), the global real estate arm of OMERS, and CT Real Estate Investment Trust ("CT REIT") (TSX: today announced, in partnership with Canadian Tire Corporation ("CTC") (TSX: CTC) (TSX: CTC.A), a transformative investment to retrofit the existing office buildings at Canada Square, a key midtown Toronto hub. This Canadian-led partnership includes a 550,000 square foot, 20-year office lease with CTC, demonstrating the enduring appeal of centrally located, transit-connected workplaces and representing a major investment in Toronto's urban core. The redevelopment project represents a combined investment of over $200 million by Canada Square co-owners Oxford and CT REIT. The two office towers at 2180 and 2200 Yonge Street will be retrofitted to deliver 680,000 square feet of highly functional and modernized office space, over 80% of which will be anchored by CTC. Having operated its head office at Canada Square for over 50 years, CTC is also investing to build a next-generation headquarters for thousands of employees. "This is a proud milestone for Canadian Tire and a major reinvestment in a neighbourhood we've called home for more than half a century," said Greg Hicks, President and CEO, Canadian Tire Corporation. "We're excited to help transform this vibrant corner of the city. Our employees will be among the thousands who come here each day – for work, for play and for the ease of new transit connections in every direction." Originally constructed in the 1960s and 1970s, the 18-storey building at 2180 Yonge Street will undergo internal upgrades and a complete façade renewal, followed by a full renovation of the 17-storey tower at 2200 Yonge Street. Construction, which will begin in late 2025, will minimize embodied carbon from the project while introducing significant energy efficiency upgrades in support of LEED Certification. The retrofit work will also deliver new employee amenities and approximately 15,000 square feet of modern retail space on Yonge Street, significantly improve the streetscape and offer a refreshed retail experience for the neighbourhood. "This 'made in Canada' solution which sees the coming together of these great Canadian institutions to revitalize a key hub for Torontonians is a proud moment for OMERS and Oxford," said Blake Hutcheson, President and CEO of OMERS. "This investment represents our ongoing commitment to being a champion for Canada, here at home and around the world. We are proud to put our pensioners' dollars to work to improve our cities while, at the same time, delivering on our obligation to generate returns to pay pensions for our members." The project will further benefit the community by delivering an upgraded and more accessible TTC entrance on Yonge Street to help local residents and workers more efficiently access Eglinton station. "Canada Square is a crown-jewel property and a generational asset, and this first step in its redevelopment allows us to begin to unlock its full potential," said Kevin Salsberg, President and CEO, CT REIT. "This major reinvestment exemplifies our commitment to enhancing our assets and providing reliable, durable and growing results for our unitholders. We're building for today while setting the stage for the decades to come." "This substantial investment at Canada Square is part of Oxford's deep conviction that well-located, high-quality, and sustainable workplaces that focus on the employee experience will continue to outperform," said Daniel Fournier, Executive Chair at Oxford Properties. "A company of Canadian Tire's stature signing a multi-decade office lease speaks to the trust our customers have in Oxford to create their ideal workplace. Not only is this an environmentally friendly approach to revitalizing one of the most transit-connected sites in the city, but it brings a substantial amount of employment to the neighbourhood and will benefit Torontonians for generations to come as we continue to advance our long-term plans for Canada Square." The office retrofit project is an important step towards the planned redevelopment of the 9.2-acre site into a vibrant, mixed-use addition to the community. Oxford and CT REIT continue to advance plans for the west side of the site that contemplate a significant amount of critically needed new rental housing and public open space in one of the city's most transit-connected nodes. FORWARD-LOOKING INFORMATION This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities laws, which reflect the current expectations of CTC and/or CT REIT management regarding future events and financial commitments concerning Canada Square. All statements, other than statements of historical fact, contained in this press release that address activities, events or developments that CTC and/or CT REIT or a third-party expects or anticipates will or may occur in the future, including with respect to the redevelopment of Canada Square and the assumptions underlying the same, are forward-looking statements. Readers are cautioned that such information may not be appropriate for other purposes. Although CTC and CT REIT management believe that the forward-looking statements in this press release are based on information, estimates and assumptions that are reasonable, such statements are necessarily subject to a number of risks, uncertainties and other factors that could cause actual actions and results to differ materially from those expressed or implied in such forward-looking statements. For more information on the material risks, uncertainties, factors and assumptions that could cause actual actions and results to differ materially from current expectations, refer to section 14.0 (Forward-Looking Information and Other Investor Communication) of CTC's 2025 First Quarter Management's Discussion and Analysis and all subsections therein, available on the SEDAR+ website at and and section 5 (Risk Factors) of CT REIT's Annual Information Form for fiscal 2024, and sections 12.0 (Enterprise Risk Management) and 14.0 (Forward-looking Information) of CT REIT's Management's Discussion and Analysis for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CTC and CT REIT do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by either of them or on their behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. ABOUT OXFORD PROPERTIES GROUP Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. Learn more here. ABOUT CT REAL ESTATE INVESTMENT TRUST CT Real Estate Investment Trust ("CT REIT") is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totaling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties across Canada. Canadian Tire Corporation, Limited, is CT REIT's most significant tenant. For more information, visit ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players. CTC's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program – a linchpin of CTC's customer-driven strategy. With nearly 12 million members, Triangle integrates first-party data to deliver valuable rewards and personalized experiences across nearly 1,700 retail and gasoline outlets. CTC also operates a retail petroleum business and a Financial Services business and holds a majority interest in CT REIT, a TSX-listed Canadian real estate investment trust. For more information, visit FOR MORE INFORMATION Oxford Properties Group: Media: Josh Burleton, (416) 865-5360, media@ CT Real Estate Investment Trust: Investors: Lesley Gibson, (416) 480-8566, Canadian Tire Corporation:Media: Stephanie Nadalin, (647) 271-7343, Karen Keyes, (647) 518-4461, SOURCE Canadian Tire Corporation, Limited View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year Office Lease with Canadian Tire Corporation
TORONTO, June 9, 2025 /CNW/ - Oxford Properties Group ("Oxford"), the global real estate arm of OMERS, and CT Real Estate Investment Trust ("CT REIT") (TSX: today announced, in partnership with Canadian Tire Corporation ("CTC") (TSX: CTC) (TSX: CTC.A), a transformative investment to retrofit the existing office buildings at Canada Square, a key midtown Toronto hub. This Canadian-led partnership includes a 550,000 square foot, 20-year office lease with CTC, demonstrating the enduring appeal of centrally located, transit-connected workplaces and representing a major investment in Toronto's urban core. The redevelopment project represents a combined investment of over $200 million by Canada Square co-owners Oxford and CT REIT. The two office towers at 2180 and 2200 Yonge Street will be retrofitted to deliver 680,000 square feet of highly functional and modernized office space, over 80% of which will be anchored by CTC. Having operated its head office at Canada Square for over 50 years, CTC is also investing to build a next-generation headquarters for thousands of employees. "This is a proud milestone for Canadian Tire and a major reinvestment in a neighbourhood we've called home for more than half a century," said Greg Hicks, President and CEO, Canadian Tire Corporation. "We're excited to help transform this vibrant corner of the city. Our employees will be among the thousands who come here each day – for work, for play and for the ease of new transit connections in every direction." Originally constructed in the 1960s and 1970s, the 18-storey building at 2180 Yonge Street will undergo internal upgrades and a complete façade renewal, followed by a full renovation of the 17-storey tower at 2200 Yonge Street. Construction, which will begin in late 2025, will minimize embodied carbon from the project while introducing significant energy efficiency upgrades in support of LEED Certification. The retrofit work will also deliver new employee amenities and approximately 15,000 square feet of modern retail space on Yonge Street, significantly improve the streetscape and offer a refreshed retail experience for the neighbourhood. "This 'made in Canada' solution which sees the coming together of these great Canadian institutions to revitalize a key hub for Torontonians is a proud moment for OMERS and Oxford," said Blake Hutcheson, President and CEO of OMERS. "This investment represents our ongoing commitment to being a champion for Canada, here at home and around the world. We are proud to put our pensioners' dollars to work to improve our cities while, at the same time, delivering on our obligation to generate returns to pay pensions for our members." The project will further benefit the community by delivering an upgraded and more accessible TTC entrance on Yonge Street to help local residents and workers more efficiently access Eglinton station. "Canada Square is a crown-jewel property and a generational asset, and this first step in its redevelopment allows us to begin to unlock its full potential," said Kevin Salsberg, President and CEO, CT REIT. "This major reinvestment exemplifies our commitment to enhancing our assets and providing reliable, durable and growing results for our unitholders. We're building for today while setting the stage for the decades to come." "This substantial investment at Canada Square is part of Oxford's deep conviction that well-located, high-quality, and sustainable workplaces that focus on the employee experience will continue to outperform," said Daniel Fournier, Executive Chair at Oxford Properties. "A company of Canadian Tire's stature signing a multi-decade office lease speaks to the trust our customers have in Oxford to create their ideal workplace. Not only is this an environmentally friendly approach to revitalizing one of the most transit-connected sites in the city, but it brings a substantial amount of employment to the neighbourhood and will benefit Torontonians for generations to come as we continue to advance our long-term plans for Canada Square." The office retrofit project is an important step towards the planned redevelopment of the 9.2-acre site into a vibrant, mixed-use addition to the community. Oxford and CT REIT continue to advance plans for the west side of the site that contemplate a significant amount of critically needed new rental housing and public open space in one of the city's most transit-connected nodes. FORWARD-LOOKING INFORMATION This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities laws, which reflect the current expectations of CTC and/or CT REIT management regarding future events and financial commitments concerning Canada Square. All statements, other than statements of historical fact, contained in this press release that address activities, events or developments that CTC and/or CT REIT or a third-party expects or anticipates will or may occur in the future, including with respect to the redevelopment of Canada Square and the assumptions underlying the same, are forward-looking statements. Readers are cautioned that such information may not be appropriate for other purposes. Although CTC and CT REIT management believe that the forward-looking statements in this press release are based on information, estimates and assumptions that are reasonable, such statements are necessarily subject to a number of risks, uncertainties and other factors that could cause actual actions and results to differ materially from those expressed or implied in such forward-looking statements. For more information on the material risks, uncertainties, factors and assumptions that could cause actual actions and results to differ materially from current expectations, refer to section 14.0 (Forward-Looking Information and Other Investor Communication) of CTC's 2025 First Quarter Management's Discussion and Analysis and all subsections therein, available on the SEDAR+ website at and and section 5 (Risk Factors) of CT REIT's Annual Information Form for fiscal 2024, and sections 12.0 (Enterprise Risk Management) and 14.0 (Forward-looking Information) of CT REIT's Management's Discussion and Analysis for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CTC and CT REIT do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by either of them or on their behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. ABOUT OXFORD PROPERTIES GROUP Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. Learn more here. ABOUT CT REAL ESTATE INVESTMENT TRUST CT Real Estate Investment Trust ("CT REIT") is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totaling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties across Canada. Canadian Tire Corporation, Limited, is CT REIT's most significant tenant. For more information, visit ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players. CTC's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program – a linchpin of CTC's customer-driven strategy. With nearly 12 million members, Triangle integrates first-party data to deliver valuable rewards and personalized experiences across nearly 1,700 retail and gasoline outlets. CTC also operates a retail petroleum business and a Financial Services business and holds a majority interest in CT REIT, a TSX-listed Canadian real estate investment trust. For more information, visit FOR MORE INFORMATION Oxford Properties Group: Media: Josh Burleton, (416) 865-5360, media@ CT Real Estate Investment Trust: Investors: Lesley Gibson, (416) 480-8566, Canadian Tire Corporation:Media: Stephanie Nadalin, (647) 271-7343, Karen Keyes, (647) 518-4461, SOURCE Canadian Tire Corporation, Limited View original content to download multimedia: Sign in to access your portfolio
Cision Canada
09-06-2025
- Business
- Cision Canada
Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year Office Lease with Canadian Tire Corporation
TORONTO, June 9, 2025 /CNW/ - Oxford Properties Group ("Oxford"), the global real estate arm of OMERS, and CT Real Estate Investment Trust ("CT REIT") (TSX: today announced, in partnership with Canadian Tire Corporation ("CTC") (TSX: CTC) (TSX: CTC.A), a transformative investment to retrofit the existing office buildings at Canada Square, a key midtown Toronto hub. This Canadian-led partnership includes a 550,000 square foot, 20-year office lease with CTC, demonstrating the enduring appeal of centrally located, transit-connected workplaces and representing a major investment in Toronto's urban core. The redevelopment project represents a combined investment of over $200 million by Canada Square co-owners Oxford and CT REIT. The two office towers at 2180 and 2200 Yonge Street will be retrofitted to deliver 680,000 square feet of highly functional and modernized office space, over 80% of which will be anchored by CTC. Having operated its head office at Canada Square for over 50 years, CTC is also investing to build a next-generation headquarters for thousands of employees. "This is a proud milestone for Canadian Tire and a major reinvestment in a neighbourhood we've called home for more than half a century," said Greg Hicks, President and CEO, Canadian Tire Corporation. "We're excited to help transform this vibrant corner of the city. Our employees will be among the thousands who come here each day – for work, for play and for the ease of new transit connections in every direction." Originally constructed in the 1960s and 1970s, the 18-storey building at 2180 Yonge Street will undergo internal upgrades and a complete façade renewal, followed by a full renovation of the 17-storey tower at 2200 Yonge Street. Construction, which will begin in late 2025, will minimize embodied carbon from the project while introducing significant energy efficiency upgrades in support of LEED Certification. The retrofit work will also deliver new employee amenities and approximately 15,000 square feet of modern retail space on Yonge Street, significantly improve the streetscape and offer a refreshed retail experience for the neighbourhood. "This 'made in Canada' solution which sees the coming together of these great Canadian institutions to revitalize a key hub for Torontonians is a proud moment for OMERS and Oxford," said Blake Hutcheson, President and CEO of OMERS. "This investment represents our ongoing commitment to being a champion for Canada, here at home and around the world. We are proud to put our pensioners' dollars to work to improve our cities while, at the same time, delivering on our obligation to generate returns to pay pensions for our members." The project will further benefit the community by delivering an upgraded and more accessible TTC entrance on Yonge Street to help local residents and workers more efficiently access Eglinton station. "Canada Square is a crown-jewel property and a generational asset, and this first step in its redevelopment allows us to begin to unlock its full potential," said Kevin Salsberg, President and CEO, CT REIT. "This major reinvestment exemplifies our commitment to enhancing our assets and providing reliable, durable and growing results for our unitholders. We're building for today while setting the stage for the decades to come." "This substantial investment at Canada Square is part of Oxford's deep conviction that well-located, high-quality, and sustainable workplaces that focus on the employee experience will continue to outperform," said Daniel Fournier, Executive Chair at Oxford Properties. "A company of Canadian Tire's stature signing a multi-decade office lease speaks to the trust our customers have in Oxford to create their ideal workplace. Not only is this an environmentally friendly approach to revitalizing one of the most transit-connected sites in the city, but it brings a substantial amount of employment to the neighbourhood and will benefit Torontonians for generations to come as we continue to advance our long-term plans for Canada Square." The office retrofit project is an important step towards the planned redevelopment of the 9.2-acre site into a vibrant, mixed-use addition to the community. Oxford and CT REIT continue to advance plans for the west side of the site that contemplate a significant amount of critically needed new rental housing and public open space in one of the city's most transit-connected nodes. FORWARD-LOOKING INFORMATION This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities laws, which reflect the current expectations of CTC and/or CT REIT management regarding future events and financial commitments concerning Canada Square. All statements, other than statements of historical fact, contained in this press release that address activities, events or developments that CTC and/or CT REIT or a third-party expects or anticipates will or may occur in the future, including with respect to the redevelopment of Canada Square and the assumptions underlying the same, are forward-looking statements. Readers are cautioned that such information may not be appropriate for other purposes. Although CTC and CT REIT management believe that the forward-looking statements in this press release are based on information, estimates and assumptions that are reasonable, such statements are necessarily subject to a number of risks, uncertainties and other factors that could cause actual actions and results to differ materially from those expressed or implied in such forward-looking statements. For more information on the material risks, uncertainties, factors and assumptions that could cause actual actions and results to differ materially from current expectations, refer to section 14.0 (Forward-Looking Information and Other Investor Communication) of CTC's 2025 First Quarter Management's Discussion and Analysis and all subsections therein, available on the SEDAR+ website at and and section 5 (Risk Factors) of CT REIT's Annual Information Form for fiscal 2024, and sections 12.0 (Enterprise Risk Management) and 14.0 (Forward-looking Information) of CT REIT's Management's Discussion and Analysis for Q1 2025 and fiscal 2024, as well as CT REIT's other public filings, all of which are available at and at CTC and CT REIT do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by either of them or on their behalf, to reflect new information, future events or otherwise, except as required by applicable securities laws. ABOUT OXFORD PROPERTIES GROUP Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. Learn more here. ABOUT CT REAL ESTATE INVESTMENT TRUST CT Real Estate Investment Trust ("CT REIT") is an unincorporated, closed-end real estate investment trust formed to own income-producing commercial properties located primarily in Canada. Its portfolio is comprised of over 375 properties totaling more than 31 million square feet of GLA, consisting primarily of net lease single-tenant retail properties across Canada. Canadian Tire Corporation, Limited, is CT REIT's most significant tenant. For more information, visit ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited (TSX: CTC.A, TSX: CTC, "CTC") has been a proudly Canadian business since 1922. Guided by its brand purpose, "We are here to make life in Canada better," CTC has built an expansive national retail presence, exceptional customer brand trust and one of Canada's strongest workforces – employing, along with its local Dealers and franchisees, tens of thousands of Canadians. At its core are retail businesses, each designed to serve life's pursuits: Canadian Tire, offering products spanning Living, Playing, Fixing, Automotive, and Seasonal & Gardening, bolstered by notable banners Party City and PartSource; Mark's, a leading source for casual and industrial wear; SportChek, Hockey Experts, Sports Experts and Atmosphere, offering the best brands of active wear and gear; and Pro Hockey Life, a hockey specialty store catering to elite players. CTC's banners, brand partners and credit card offerings are unified through its Triangle Rewards loyalty program – a linchpin of CTC's customer-driven strategy. With nearly 12 million members, Triangle integrates first-party data to deliver valuable rewards and personalized experiences across nearly 1,700 retail and gasoline outlets. CTC also operates a retail petroleum business and a Financial Services business and holds a majority interest in CT REIT, a TSX-listed Canadian real estate investment trust. For more information, visit FOR MORE INFORMATION CT Real Estate Investment Trust: Investors: Lesley Gibson, (416) 480-8566, [email protected] Canadian Tire Corporation: Media: Stephanie Nadalin, (647) 271-7343, [email protected] Investors: Karen Keyes, (647) 518-4461, [email protected]
Cision Canada
21-05-2025
- Business
- Cision Canada
Rival Group and Angus Reid Group Merge to Create Canada's Largest Independent Research Company
New $60-million entity combines Canadian ownership, cutting-edge technology, and research excellence to lead North America's insights industry VANCOUVER, BC, May 21, 2025 /CNW/ -- In a major milestone for the North American market research sector, Rival Group and Angus Reid Group (ARG) are merging to form the largest Canadian-owned independent market research company, with projected annual revenues exceeding $60 million and operations across five major cities in Canada and the United States. ARG is joining Rival Technologies and Reach3 Insights, which will operate as independent brands under the Rival Group umbrella. This move creates a visionary North American research powerhouse that uniquely brings together three critical pillars of the modern research value chain — proprietary technology, high-quality research panels, and expert consulting — in one integrated group. At a time when businesses face rising uncertainty and tighter decision cycles, Rival Group is designed to deliver faster, clearer insights with greater value. Each operating company retains its unique focus and gains access to shared corporate services, enabling them to scale faster and deliver stronger outcomes for our clients. "With ARG joining Rival Group, we're building an organization that not only understands what Canadians think, but has the tools to ask, listen, and respond faster and better than anyone else in the market," said Dr. Angus Reid, who will take a strategic leadership role on the board of Rival Group. "While many in the industry are scaling back, we're scaling up by delivering a new kind of research company: one that owns the tools, the data, and the expertise to keep clients ahead of the curve." "By owning our technology, our panels, and our consultancy, we're uniquely positioned to offer clients a fully integrated experience ranging from agile data collection to high-impact strategic guidance," said Jennifer Reid, Co-CEO of Rival Group with responsibility for Research, Consulting and Panels. "With complete control of the process and a unified team behind it, we can deliver sharper insights with more speed, consistency and accountability than anyone else in the research space." "Rival Technologies has been growing at over 40% year-over-year, driven by rapid advancements in AI and the introduction of intelligent agents into our platform," said Andrew Reid, Co-CEO of Rival Group with responsibility for Rival Technologies. "This merger sets the stage for powerful new offerings that directly connect our conversational technology to the Angus Reid market panels, and ensure that AI is the driving force in our company going forward." A success story of Canadian innovation With headquarters in Vancouver, majority Canadian ownership, and all-organic growth since 2018, the new Rival Group reflects a rare growth story: one of Canadian-led consolidation in a globalized industry. The merged business will also have offices in Toronto, New York, Chicago, San Francisco and Los Angeles. The combined company supports more than 500 clients, including top-tier firms in consumer goods, technology, financial services, health and public affairs. This merger unites: Growth with purpose Closing May 30, the merger is a growth initiative, not a consolidation play. All three operating companies have demonstrated strong momentum in 2025, and the merger is designed to amplify that success, with no staff reductions or structural changes. Over the next 24 months, Rival Group will focus on expanding its U.S. panel presence, deepening AI-enabled insights, and establishing a London office to further accelerate global capabilities. Interviews are available upon request, and media b-roll is available here. About Rival Group Rival Group is Canada's largest independent research company. Headquartered in Vancouver with offices across North America, Rival Group uniquely combines proprietary research technology, certified panels, and expert consultancy. The company delivers faster, more authentic and actionable insights to over 500 clients across industries including technology, finance, consumer goods, media & entertainment, health and public affairs by redefining how organizations connect with people. Two of its operating companies, Rival Technologies and Reach3 Insights, earned spots on Greenbook's 2024 GRIT Top 10 Most Innovative Suppliers list after making the Top 50 list five years in a row.
