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Hudson’s Bay, Canada’s oldest company, is preparing to liquidate its entire business unless it secures last-minute financing. The retailer, which operates 80 stores, including three Saks Fifth Avenue and 13 Saks Off 5th locations, has struggled due to mismanagement, lack of store investment, and changing consumer habits. The planned closure, pending court approval, would result in over 9,300 job losses, with liquidation expected to conclude by June. Analysts blame its decline on real estate-focused ownership and financial constraints. The company owes over $950 million to creditors and faces pressure from unions to honor workers’ rights. A shutdown would leave major vacancies in malls and high-traffic retail spaces.
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Wasaga Beach has approved the sale of 1.5 acres of waterfront land to the Sunray Group for $580,000, marking the first phase of a major hotel development aimed at revitalizing the beachfront area. The hotel, estimated at $45 million, will include below-ground parking,...
The United States has sent over 200 alleged members of a Venezuelan gang to be imprisoned in El Salvador, President Nayib Bukele said Sunday, after US counterpart Donald Trump invoked wartime authorities to expel migrants. "Today, the first 238 members of the...
Peruvian fisherman Maximo Napa, lost at sea for 95 days, survived by eating roaches, birds, and sea turtles after his boat was thrown off course by a storm. He was finally rescued by an Ecuadorian fishing patrol, 1,094 km (680 miles) off the coast, in critical...
Wasaga Beach has approved the sale of 1.5 acres of waterfront land to the Sunray Group for $580,000, marking the first phase of a major hotel development aimed at revitalizing the beachfront area....
Mark Carney will officially become Canada's 24th prime minister today, succeeding Justin Trudeau. The former central banker will be sworn in by Governor General Mary Simon at Rideau Hall, with a...
The high-stakes meeting between Canadian and U.S. officials ended without an agreement on removing tariffs, but Ontario Premier Doug Ford called it “productive,” with another meeting scheduled next...
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