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Canadian Tire eyes Mortgages, GIC\'s

Canadian Tire Corp., the iconic retailer known for printing it\'s own "money", is considering offering mortgages, investment savings accounts and other financial products to it\'s customers. The strategy is meant to fuel growth over the next five years for the retail chain, which has about 1,100 stores, gas stations and car washes in communities coast to coast. "We are evaluating new products and services within Canadian Tire Financial Services to include things like mortgages, things like high-rate savings (accounts)" and guaranteed investment certificates, chief executive Wayne Sales said at a retail conference held by CIBC World Markets yesterday. Source: Madhavi Acharya-Tom Yew-Toronto Star Business Section, March 2, 2006.