Hudson’s Bay Bankruptcy Drama: Founding Charter at Risk

Tuesday, May 13, 2025, 6:20 am

In a financial saga mixing history with modern fiscal woes, Hudson’s Bay Company faces renewed court battles over creditor protection. Amid the move to extend legal reprieves, a 355-year-old founding document may soon be sold off, turning a cherished national legacy into a modern bankruptcy headline.

thewalrus.ca / A 355-Year-Old Document That Helped Create Canada May Be Sold Off in Bankruptcy

As Hudson’s Bay Company liquidates, its founding charter is up for grabs The post A 355-Year-Old Document That Helped Create Canada May Be Sold Off in Bankruptcy first appeared on The Walrus.

citynews.ca / Hudson’s Bay expected back in court to extend creditor protection

TORONTO — Hudson’s Bay is due to return to an Ontario court today for the first time in roughly two weeks to seek a reprieve from the hundreds of businesses it owes money. The department store is expected to use the Tuesday morning appearance to ask Judge Peter Osborne to stretch the period of time…

permalink / 2 stories from sources in 7 hours ago #economy #business #canada

More Top Stories...

Carney Shakes Up Government With a Slim Cabinet Reshuffle

Mark Carney is defying the status quo by unveiling a slimmed-down cabinet, featuring under 30 ministers and introducing several new political faces. This calculated shakeup at Rideau Hall is touted as a fresh break from the past, aiming to usher in a more business-minded era of governance. More...

Carney unveils new cabinet amid mixed regional reactions and shifts

Prime Minister Mark Carney’s fresh cabinet lineup is sparking both accolades and criticism across the country. The new appointments—including an AI minister in a move that sees former broadcaster Evan Solomon take the helm—are being closely scrutinized for regional representation and policy direction. More...

Alberta Minister Ric McIver Resigns Amid Speaker Vote Speculation

Alberta’s Municipal Affairs Minister Ric McIver has stepped down from the cabinet amid swirling speculation that he is eyeing the vacant Speaker’s position. The resignation, effective immediately, marks a shakeup in Premier Danielle Smith’s inner circle as an interim appointment prepares to manage his former responsibilities. More...

Alberta’s Separatist Referendum Debate Stokes Divisive Political Fire

Heated debate swirls as Premier Smith pushes for a 2026 separatist referendum in Alberta, sparking fierce criticism and concern over potential provincial disunity. Critics decry the gamble as reckless while supporters champion it as a bold step toward self-determination, illustrating Alberta’s volatile political climate with a mix of alarm and sardonic wit. More...

Canadians Reject Two-Party Politics, Demand Diverse Political Options

Polls reveal a clear message from Canadians: a desire to avoid a rigid two-party system after a tightly contested federal election. The survey highlights a public yearning for political plurality, sparking ironic reflections on the binary choices dominating past elections. More...

Related Tags