Business News

Canada's oldest company, Hudson's Bay, may be on the verge of gaining more time to save the six stores it has temporarily been able to rescue from liquidation.

Earlier this month, Hudson’s Bay filed for creditor protection with the intention of restructuring the business. All but six of the company’s stores are now liquidating. CBC KW’s John Dalusong went to two of Waterloo region’s Hudson's Bay stores to ask shoppers how they feel about the Canadian icon’s impending closure.

On a day U.S. President Donald Trump announced a 25 per cent tariff on non-U.S.-made vehicles, Ontario autoworkers said it's the latest wave in what's been a storm of uncertainty for the Canadian industry, and more proof it needs government support. For Ontario autoworkers at GM's CAMI Assembly plant in Ingersoll, the help can't come soon enough.

The Bank of Canada's top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the substantial uncertainty around tariffs from the United States.

Hudson's Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days to save the six stores it has so far spared from liquidation.