In 1958, Canada got its second currency — Canadian Tire money.
Come 2009, Canadian Tire Corp. is introducing a one-dollar coin to complement its multi-hued, low-denomination stable of widely-hoarded bills.
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Canadian Tire spokeswoman Lisa Gibson declined to confirm the coin’s launch. She would say only that the company plans an announcement today on the direction of the rewards program.
However, a copy of a flyer destined for Canadian Tire stores in Quebec shows an ad for a limited edition one-dollar coin, available to customers who spend at least $25 this weekend. Images of the coin itself have also been posted on collectors’ websites, revealing it to look a bit like a quarter.
There has been speculation that the company might eliminate paper money altogether. Canadian Tire has been making a gradual shift away from emphasizing its paper money.
Customers now receive paper money only if they use cash or debit.