Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances. The documents were submitted as part of its creditor protection filing last week. […]
Hudson’s Bay Company filed for creditor protection last week, saying it’s struggling to pay landlords, vendors and employees — and it’s a process that could lead to the sale or closure of Canada’s oldest company. Retail experts say the writing has been
The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy. Explaining the decision in his
Bank of Canada cuts interest rate to 2.75% as country faces ‘new crisis’ from tariffs Read More »
The Buy Canadian movement has arrived in the country’s major grocery stores. You’ve probably noticed labels with bright red maple leafs, prominent displays stacked with Canadian products or promotional flyers that tout homegrown items. “All the best things have always been made here.
Colin Bykowski usually crosses the Canada-U.S. border twice a month to buy groceries from Trader Joe’s and toys for his son at Target. The last time he made the trip was a month ago — and he doesn’t know when the next time
Spring break shakeup? Canadians taking fewer trips to the U.S., StatsCan says Read More »
Canada’s unemployment rate was unchanged in February, holding steady at 6.6 per cent while the economy added few jobs, Statistics Canada said on Friday. Job growth barely changed from the previous month, with just 1,100 jobs added — much lower than the
What does your smartphone have in common with a solar panel, or an EV battery, or a piece of military equipment? They’re all made using critical minerals — an essential ingredient in powering the modern technology that we use every day. “They’re
Inderjeet and Sonya Singh are in an unusual situation. The couple owns a home in Toronto, but after interest rates ballooned to five per cent, they put the house up for rent and moved to Montreal where they thought things would
Picture this: You’re wandering around the grocery store, trying to buy Canadian. That carton of blueberries is a no go — and that loaf of bread doesn’t make the cut, either. The juice you wanted to buy was made in
Want to buy Canadian? There’s an app for that Read More »
Coca Cola is introducing a line of prebiotic sodas, marking the legacy beverage brand’s first foray into the “functional” soft drink market led by upstarts Olipop and Poppi — and further tightening competition as more Canadian brands launch their versions of the fizzy drinks. The company announced on
