The Canadian Tire store that’s changing the world is on its way to Canada
The Canadian tire company that has helped transform the way Canadians shop has announced it is relocating its headquarters from the city of Toronto to Calgary.
The Canadian Tire Tower on Dundas St. is expected to open in early 2018.
It will be the company’s first Canadian-owned store since the company relocated from New York City to Toronto in 2002.
Its move is a huge deal for Calgary.
Its population of 6.7 million is nearly the size of Toronto.
“It’s a very important milestone in our history,” said David Koehler, chief executive officer of the Canadian Tire Group.
“It’s been a long road, and we’ve come this far.”
The company said the move will cost the company between $10 million and $20 million, and take at least three years to complete.
The company said it will pay $1 million in taxes and lease it back to the city.
Canadian Tire is one of the biggest companies in Canada and its brand is synonymous with its brands like Tire Rack, Cabela’s and Ulta.
Its headquarters in Toronto was renovated and expanded with a $1.5 billion, 10-year plan.
The store has been the target of protests in the city since last year.
The Canadian government is considering building a new stadium for the team to play in.