4 d. ago Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade and tariffs Trade with the United States is set to be front and centre this week with tariffs on auto imports into the U.S. expected to come into force. The auto industry has warned tariffs could be devastating […]

Economics

9 d. ago Possible softening of April 2 tariffs ’zero comfort’ for auto sector

Just over a week before new U.S. tariffs are expected to come into force, the head of Canada’s auto parts manufacturing association says he’s not optimistic any meaningful reprieve is in the works.  “Until a tariff comes into effect and it affects the U.S. economy … I’m not confident that anybody is going to be […]

Economics

2 w. ago Hudson's Bay stores in Canada could be transformed with huge redevelopments

A key hearing with the Ontario Superior Court of Justice was held on Monday, March 17 regarding the future of the Hudson's Bay Company.However, the judge presiding over the creditor protection and restructuring case did not make a decision over triggering the liquidation, instead opting for more time to process the information presented by the retailer, creditors, landlords and other stakeholders.At the time of writing, no decision by the court has been made, but it could come quickly at any time, perhaps later this week.Hudson's Bay has been unable to pay leases, vendors and loan obligations, and is just days away from missing payroll.Liquidation has been identified as the only major way for the company to secure the interim financing it needs, with the company potentially closing at least half of its 80 department stores. A full closure of all locations is also possible.Monday's meeting was the first since Hudson's Bay submitted its federal Companies' Creditors Arrangeme...

Sport

2 w. ago Consumers could find ’meaningful savings’ as carbon price ends: Desjardins

OTTAWA — Canadians can expect to feel the absence of the consumer carbon price at the pumps immediately but it may take longer to notice a difference in the price of other goods, a new report released Wednesday suggests. The analysis by Desjardins Economics comes less than a week after Prime Minister Mark Carney and […]

Economics

2 w. ago Hudson's Bay liquidation may begin soon as Canada's oldest company collapses

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will significantly reshape Canada's commercial retail real estate market and result in major job losses.In an announcement on Friday night, the Canadian department store retailer announced a "store-by-store liquidation process" will begin as soon as this week.On Friday, March 14, 2025, the company filed additional documents with the Ontario Superior Court of Justice indicating that it has only secured limited debtor-in-possession financing, which now necessitates the "full liquidation of the entire business.""Assuming receipt of a Court order on Monday at the 'comeback motion,' store liquidations will begin next week," reads the news release last Friday.According to the latest court documents, Hudson's Bay intends to conclude its liquidation process by no later than June 15, 2025, at which point its store locations would also close.During the...

Economics

3 w. ago LILLEY: Call an election now so Canada has a government with a mandate

Canada is about to get a new prime minister sometime this week, but what we really need is an election. That could come within days, but perhaps not as soon as this Sunday as had previously been discussed. The transition from the Trudeau administration to the Carney administration will take place in the coming days. […]

Politics

3 w. ago Tariff on sand is a major blow to Alberta's oil patch: industry experts

Train car after train car, filled with Wisconsin sand. It’s vital to the Alberta oil and gas industry. Of the approximately eight million tonnes of sand the Canadian oil and gas industry uses every year, about two-thirds of it comes from the state of Wisconsin. As of this week, it’s on the list of American […]

Politics