Canadian Tire, a major Canadian retailer, reported the following in its December 30, 2017, financial statements:

Dec. 30, 2017
Current investments .............................................................. $132.5 million
Non-current investments ........................................................ 165.0 million

No other investments were reported.

Required

1. On which financial statement would the above information have appeared?

2. Are the investments described above non-strategic or strategic? Explain why or why not.

3. Describe what types of investments might be included in each of the categories above.