The shares closed at C$189.41 on Wednesday, with volume jumping to 439,670 shares, well above the 50-day average of 239,885.
The gain came in a broadly stronger Canadian market, as the S&P/TSX Composite Index rose 1.24% to 33,981.82, leaving the stock slightly behind the benchmark.
Canadian Tire remains 6.4% below its 52-week high of C$202.46, reached on 16 April, despite the latest rise.
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