Canadian Tire gains after BMO Capital calls out attractive entry point

Canadian Tire store facade oblique view

NicolasMcComber/iStock Unreleased via Getty Images

Canadian Tire (CTC.A:CA) traded higher on Wednesday after BMO Capital stepped in with an upgrade on the retailer to an Outperform rating from Market Perform. The firm has the view the stock will outperform in 2023.

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