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A Canadian Tire store is seen in North Vancouver, B.C.
A Canadian Tire store is seen in North Vancouver, B.C.
(JONATHAN HAYWARD/THE CANADIAN PRESS)

Why Canadian Tire wants a credit-card partner

Looking to bet on the future of Canadian Tire Corp.? You had better know a thing or two about financial services.

Though the retailer is best known for selling hockey skates and Christmas lights, its credit card unit accounts for the bulk of its profit. Financial services made $168-million before tax during the first half of the current fiscal year, while the flagship retail arm brought in $145-million.