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.
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.