13 h. ago Hudson’s Bay lender fighting Ruby Liu deal, seeking ’super monitor:’ Docs

One of Hudson’s Bay’s biggest lenders is asking a court to stop the defunct retailer from selling up to 25 of its leases to a B.C. billionaire and appoint a “super monitor” to more speedily liquidate the remainder of its assets. A new court motion filed by investment manager Restore Capital LLC says the deal […]

Other

47 h. ago Indonesia Pledges to Buy More US Wheat in Bid for Trade Deal

Indonesia, the world’s second-biggest wheat buyer, plans to purchase more wheat from the US as it seeks to secure a trade deal ahead of the looming tariff deadline.

Economics

50 h. ago Labour groups, lawyers hope fall of Hudson’s Bay will spur change for workers

TORONTO — When Hudson’s Bay employees rallied in front of two of the iconic retailer’s properties in late May, days before the retailer closed its doors for good, they knew there was no hope of saving their jobs. Their goal instead was to encourage lawmakers to make the fall of the 355-year-old retailer — and […]

Society

5 d. ago Why the demise of Canadian retail’s ‘middle class’ won’t end with Hudson’s Bay

Mid-market stores under pressure as shoppers increasingly gravitate to discount or luxury

Other

5 d. ago Canadian Uber drivers join union, seeking first collective deal

Talks between drivers in Greater Victoria and San-Francisco platform set to start

Transport

1 week ago Trump Tax Bill Advances in Senate as GOP Scrounges for Votes

President Donald Trump’s $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations, setting up fresh round of deal-making as Republicans seek to convince holdouts to support the bill for final passage.

Economics

1 week ago B.C. billionaire’s plan to take over Bay leases facing legal battle

A group of Hudson's Bay's landlords don't want to transfer dozens of leases to British Columbia billionaire Ruby Liu, but the department store still has a chance to get its way.

Events

1 week ago Hudson’s Bay landlords don’t want Liu to move in, but retailer still has a shot

TORONTO — A group of Hudson’s Bay’s landlords don’t want to transfer more than two dozen leases to British Columbia billionaire Ruby Liu, but the department store still has a chance to get its way. The Bay, which filed for creditor protection in March, ran a process over the last several months to find buyers […]

Other

1 week ago B.C. mall owner lays out plan for Bay leases. Landlords are unconvinced

A B.C. billionaire hoping to launch a new department store chain in former Hudson’s Bay and Saks Canada spaces estimates she can have at least 20 locations up and running within 180 days of signing leases, but landlords aren’t on board with her plan. The timeline is one of many highlights in a package prepared […]

Other

2 w. ago Hudson’s Bay receives approval for sale of three leases to B.C. mall owner Ruby Liu

Liu wants to use the properties to open a chain of modernized department stores she will name after herself

Other

2 w. ago B.C. mall owner’s push to buy 25 Hudson’s Bay leases faces landlord opposition: Docs

An agreement Hudson’s Bay signed to sell about two dozen leases to a B.C. entrepreneur has encountered a major barrier, new court filings show: landlords who own the properties are overwhelmingly opposed to her moving in.  The Thursday filing is from Alvarez & Marsal Canada Inc., a court monitor appointed to help the Bay through […]

Politics

2 w. ago Oilers notes: Evan Bouchard driven to seek new deal with Edmonton

While Evan Bouchard was focusing on Brad Marchand, Sam Bennett and whatever Florida Panthers player was bearing down on him in the Stanley Cup Final, trying to take the puck off him, it should be a friendlier negotiation on a new contract. At least, with the term for the restricted free agent. The Oilers likely […]

Other

2 w. ago Retailers are in trouble and there’s more to come, experts say

The fall of Hudson’s Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company’s demise is part of a now-annual pitter-patter they expect to continue. Since the COVID-19 pandemic, they’ve seen hundreds of retail businesses […]

Other

3 w. ago Retailers are in trouble and there’s more to come: insolvency, restructuring experts

The fall of Hudson’s Bay and Saks Fifth Avenue Canada may give the impression that one of the hottest trends this year is the distressed look, but retail and insolvency experts say the company’s demise is part of a now-annual pitter-patter they expect to continue. Since the COVID-19 pandemic, they’ve seen hundreds of retail businesses […]

Other

3 w. ago Time capsule inside St. Albert Hudson’s Bay store donated to local museum

The time capsule contained an array of memories from the 1990s — staff names, pictures from The Bay's 325th anniversary, a catalogue, local newspaper, along a CD and cassettes.

Other

3 w. ago B.C. mall owner offers $6 million for three Hudson’s Bay leases: court documents

The deal would be separate from a bid made for up to 25 other leases held by the Bay and sister companies Saks Fifth Avenue and Saks Off Fifth

Economics

3 w. ago Varcoe: 'Important thread of hope': Trump stands by tariffs but Canada seeks trade deal within 30 days

Canada and the U.S. administration still have vastly different views on the role of tariffs and global trade

Economics

3 w. ago Burnaby watch repair business finds new life after demise of Hudson's Bay stores

On Time Service Corp. has opened in a bunch of London Drugs locations, a fresh start for a company that endured a bumpy last few years

Economics

3 w. ago «Hudson Bay(bies), l’héritage méconnu»: l’autre version d’un conte de fées

Elisapie Isaac co-signe un documentaire sur les enfants oubliés de la Compagnie de la Baie d’Hudson.

Other

4 w. ago Asia shares climb after China and the US say they have a framework for seeking a trade deal

TOKYO (AP) — Asian shares mostly rose Wednesday after China and the U.S. said they had reached agreement on a framework for following up on the trade truce reached last month in Geneva. Japan’s benchmark Nikkei 225 surged 0.5% in morning trading to 38,385.37. Data from the Bank of Japan data showed wholesale inflation slowed […]

Economics