Date Closed

November 6, 2009

Lead Office

Toronto

Value

162.00 Million CAD

On October 14, 2009, Canadian Tire Corporation, Limited that Canadian Tire Bank (CTB) had reached an agreement with National Bank of Canada (NBC) to sell its mortgage portfolio for a purchase price of more than C$162 million. The asset sale to NBC was completed on November 6, 2009.

Canadian Tire, headquartered in Toronto, Ontario, is a Canadian retail company.

National Bank of Canada, headquartered in Montréal, Québec, is a Canadian chartered bank.

McCarthy Tétrault LLP represented Canadian Tire and CTB with a team that included Andrew Armstrong, Lara Nathans and Leila Rafi (business law); Nancy Carroll (regulatory) and Oliver Borgers (competition).