April 22, 2025, 4:21 pm
Recent court filings in Hudson’s Bay's creditor protection case have unveiled vigorous interest in securing 65 property leases. Eighteen parties—ranging from landlords to prospective buyers—submitted letters of intent, igniting a competitive bidding process that adds yet another twist to the company’s restructuring saga.
Bluesky: @winnipegfreepress.com
The City of Toronto launched a public education campaign Tuesday to inform people about a new “renoviction” bylaw, set to go into effect on July 31. The bylaw, which was in the works since 2019 and passed late last year, aims at preventing evictions under the guise of renovations, with the...
A process to find takers for leases held by Hudson’s Bay has generated plenty of interest. A new court filing made in the company’s creditor protection case says 18 unnamed parties submitted letters of intent expressing interest in a total of 65 leases. The filing says some of those letters...
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President Trump has suggested that the current 25% tariff on Canadian auto imports could be raised further, hinting at additional punitive measures despite ongoing deal talks. The comments underscore a hardline trade stance that continues to unsettle Canadian industries already bracing for cost escalations. More...
Amid a solemn yet politically charged atmosphere, Canada’s top officials are making alternative arrangements for Pope Francis’s funeral. With the Prime Minister absent due to election commitments, Gov. Gen. Mary Simon and other notable leaders—including a Canadian Bishops’ representative and a Métis leader—are set to represent the nation at the Vatican. More...
Canada’s oldest retailer appears to be losing its retail magic as court filings confirm the liquidation of its last six stores. With hopes of a buyer dimming faster than holiday sales, Hudson’s Bay must now clear its shelves—truly a relic in a tough market with a touch of corporate irony. More...
Critics have sparred over Mark Carney’s handling of fiscal policies, castigating his dismissive attitude and alleged arrogance as the government report on Canada’s economic future raised serious questions. Commentators argued that the Liberals’ approach is paving a rocky road ahead. More...
Ontario’s education ministry is stepping in by taking control of a London school board amid revelations of fiscal mismanagement and questionable expenditures. Officials have also launched investigations into three other boards, as accountability measures tighten – a bureaucratic intervention that has everyone wondering if school finance is the new hot topic. More...
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