Canadian Tire closes public offering of $300 million in 3-year Term Notes



    TORONTO, Oct. 1 /CNW/ - Canadian Tire Corporation, Limited today
completed its public offering of $300 million in three-year Medium Term Notes
(MTN's) pursuant to its Short Form Base Shelf Prospectus dated March 9, 2007.
    The MTN's carry a coupon rate of 5.22 percent and have a maturity date of
October 1, 2010. The MTN's are rated 'BBB+' by Standard and Poor's Rating
Services and 'A (low)' by Dominion Bond Rating Service Limited.
    "Strong market interest and attractive rates in this offering indicate
continued investor confidence in Canadian Tire. The proceeds from this issue
will be used for general corporate purposes including capital spending to
support store and network expansions as well as development of the new Eastern
Canada distribution centre," said Stan Pasternak, senior vice-president,
Treasurer, Canadian Tire Corporation, Limited.
    RBC Capital Markets served as lead agent and bookrunner on the offering.
Other syndicate members included BMO Capital Markets, CIBC World Markets Inc.,
Scotia Capital, TD Securities, Merrill Lynch and National Bank Financial Inc.

    Canadian Tire Corporation, Limited (TSX: CTC.a, CTC), operates more than
1,100 general merchandise and apparel retail stores, gas stations and car
washes in an inter-related network of businesses engaged in retail, financial
services and petroleum. Canadian Tire Retail, Canada's most shopped general
merchandise retailer, with 468 stores operated by Associate Dealers across
Canada offers a unique mix of products and services through three specialty
categories in which the organization is the market leader - Automotive, Sports
and Leisure, and Home Products. www.canadiantire.ca offers Canadians the
opportunity to shop online. PartSource is an automotive parts specialty chain
with 67 stores designed to meet the needs of purchasers of automotive parts -
professional automotive installers and serious do-it-yourselfers. Canadian
Tire Petroleum is one of the country's largest and most productive independent
retailers of gasoline, operating 264 gas bars, 256 convenience stores and
kiosks, and 75 car washes. Mark's Work Wearhouse is one of the country's
leading apparel retailers operating 341 stores in Canada. Under the Clothes
that Work(TM) marketing strategy, Mark's sells apparel and footwear in work,
work-related, casual and active-wear categories, as well as health-care and
business-to-business apparel. www.marks.com offers Canadians the opportunity
to shop online. Canadian Tire Financial Services manages over 4 million
Canadian Tire MasterCard accounts and markets related financial products and
services for retail and petroleum customers. Canadians can also access
Financial Services online at www.ctfs.com. Over 50,000 Canadians work across
Canadian Tire's organization from coast-to-coast in the enterprise's retail,
financial services, and petroleum businesses.

    %SEDAR: 00000534E




For further information:

For further information: Caroline Casselman, Canadian Tire, (416)
480-8159, caroline.casselman@cantire.com

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Canadian Tire Corporation, Limited

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