Canadian Tire Corporation, Limited $($Canadian Tire$)$ is a family of companies that includes a retail segment and a financial services division, among others. The retail business is led by Canadian Tire, which was founded in $1922$ and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal categories.

As noted in the Annual Report, the company was involved in a number of strategic initiatives in $2021,$ including:

Leading$-$edge technology initiatives such as their

Innovation centre in Waterloo,

Cloud computing centre in Winnipeg, and

Mobile wallet project.

They have also made significant investments $($and will continue to do so$)$ in productivity initiatives, streamlining the organizational structure and making a number of bold strategic marketing moves across each of our brands

In all the company spent $$404\mathrm{.}0$ million in $2021$ on these initiatives. These initiatives required a multi$-$year commitment on the part of the Board of Directors as well as the senior management of Canadian Tire. As a result, the company plans to spend the same amount in $2022$ on special projects.

The company issued $2\mathrm{.}6$ million bonds, with a face value of $$1,000$ each. The bonds have a coupon rate of $10\mathrm{.}0\%,$ were issued at par and are payable semi$-$annually. The bonds have a $25$ year maturity and were issued six years ago. The superior credit ratings being associated with the company have had a positive effect on the Yield$-$to$-$Maturity rates for Canadian Tire's debt. A $$1,000$ Canadian Tire bond has a nominal yield to maturity of $6\mathrm{.}00\%($an effective yield to maturity of $6\mathrm{.}09\%).$