Some facts about Canadian Tire money and its new digital version:
— Digital program will allow customers to collect and redeem Canadian Tire money through a card or an app. Launch is Oct. 10 in Nova Scotia; elsewhere in Canada on Oct. 28.
— Paper bills to remain in circulation.
— Canada Tire money introduced in 1958 and believed to be Canada's oldest loyalty program. Bills available in denominations of five, 10, 25 and 50 cents as well as $1 and $2 and allow consumers to use them toward eligible purchases.
— The Scottish character Sandy McTire has appeared on the bills since 1961. They originally featured a happy tire and dollar sign, which was the Canadian Tire logo from 1926.
— Customers have been known to bring in large quantities of the bills, sometimes in a suitcase, to purchase merchandise such as lawn mowers.
— Bills have occasionally been accepted by other merchants as tender for payment.
Quote: "As Canada's oldest loyalty program, we know Canadian Tire money holds an extraordinary place in the hearts of Canadians," —d Allan MacDonald, chief operating officer after the digital rewards program was announced.
(The Canadian Press)
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