The retailer said it was weighed down by a one-time charge related to its deal to buy back the 20% stake in Canadian Tire Financial Services that is owned by Scotiabank
raised its quarterly dividend as it reported a loss in its latest quarter, weighed down by a one-time charge related to its deal to buy back the 20 per cent stake in Canadian Tire Financial Services that is owned by Scotiabank.
The increased payment to shareholders came as Canadian Tire reported a net loss attributable to shareholders of $66.4-million, or $1.19 per diluted share, for the quarter ended Sept. 30 compared with a profit of $184.9-million, or $3.14 per diluted share a year earlier.
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