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CANADIAN TIRE PETROLEUM TO RE-BRAND SELL SITES

Canadian Tire Petroleum, the gasoline retail division of Canadian Tire Corporation, has reached an agreement with Shell Canada Products to re-brand 10 Shell retail locations. Conversion of the sites, which are located in Ontario and western Canada, will begin in May. Under the terms of the agreement, Canadian Tire will operate the sites and supply gasoline and diesel from its refineries. Canadian Tire Petroleum's re-branding program, which includes building new sites and re-branding the existing sites of other gasoline retailers, began in 2002.

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