Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy

Hudson’s Bay, the Canadian department store chain founded in 1670, is preparing for a bankruptcy filing within days, people familiar with the matter said.

The chain became a stand-alone business following its December 2024 deal to spin off its Saks Fifth Avenue subsidiary through a combination with Neiman Marcus Group. As part of that transaction, Saks acquired Neiman Marcus for $2.65 billion, establishing a new entity called Saks Global, which also owns Bergdorf Goodman. Saks Global isn’t expected to file for bankruptcy itself, only Hudson’s Bay will, the people familiar with the matter said.

Share

WAR IS PEACE! Commander of NATO’s Multinational Division North in Latvia Says Peace In Ukraine Would Be Destabilizing

A few years ago, the scenario which Canadian and other NATO troops rehearsed in Latvia last week might have seemed unthinkable — even alarmist to the untrained eye.

On a mud-soaked, winter-scorched training range a few dozen kilometres outside of Riga, roughly 3,400 troops from 14 nations — under the brigade leadership of a Canadian commander — exercised how they would conduct a last-ditch defence of the Latvian capital.

… The Western military alliance has organized the defence of Latvia under a multinational division, which includes the Canadian-led brigade. The division is led by Danish Maj.-Gen. Jette Albinus, who also told CBC News in a recent interview that a ceasefire — or full peace settlement in Ukraine — would allow Russia to turn its full attention to the Baltic region.

If fellow NATO members feel that way then they should spend whatever it takes to maintain their war. But they won’t they want the US to pay the freight.

Share

12 people in hospital after 3 suspects ‘opened fire indiscriminately’ inside Scarborough pub

On what was supposed to be a celebratory night, the grand opening of a new pub at Scarborough Town Centre on Friday was met with gunfire, sending 12 people to the hospital.

Toronto police said three masked male suspects, one armed with an assault rifle and the other two with handguns, entered Piper Arms at 520 Progress Avenue just before 10:40 p.m.

“They walked into the bar. They produced their guns, and they opened fire indiscriminately on the people sitting inside the bar,” Supt. Paul MacIntyre of Organized Crime Enforcement told reporters at the scene.

Toronto is such a 3rd World Craphole I’m not even going to suggest this is anything but gang related.

h/t Mauser & Patthedog

Share

LITTLEJOHN: Canada’s fairy tale view of northern realities

‘It’s a little bit too much like the story of Little Red Riding Hood, in which Canada fails to see the big teeth grinning at it.’

Canadians are rightfully angry. Our best friend has stabbed us in the back with tariffs and while we laughed for a while, we are now tired of the 51st state joke.

However, if Canadians want to preserve our sovereignty we need to set aside our emotions and face facts.

We cannot win a trade war. Or any kind of war. The US Gross Domestic Policy is about $25 trillion, and at $2.2 trillion, Canada’s is not even a tenth of that. In other words, the Doberman meets the chihuahua in the alley. Guess who wins that fight?

Share

Mark Norman: Canada faces a lonely future of isolation

A darkening mood is settling in across Canada as it becomes clear that our country has come under siege by those we had previously believed to have been our closest friends and partners. We may have hoped that this would not come to be, but we are here now and we can’t pretend otherwise. Despite the appearance of randomness and incoherence, we are beginning to more clearly understand the rudimentary strategy at play behind what some have observed as “a dumb” move.

Share

Mark Milke: Chronic Canadian apologies

Justin Trudeau crying on cue.

Canadian politicians agree on virtually nothing except that apologies are owed.

In recent decades, the first high-profile regret for history came in 1988 from Prime Minister Brian Mulroney for the internment of Japanese Canadians and the government’s theft of their property during the Second World War. Next was a 1990 apology for how the government declared Italian Canadians “enemy aliens” in that same war (after Italy joined the Axis against Canada and her allies). In 2001, Ron Duhamel, the Veterans’ Affairs minister in the Jean Chretien government, expressed official regret for the army’s execution of 23 soldiers during the First World War. In 2008, Prime Minister Stephen Harper apologized for residential schools, where native Canadian children attended (sometimes by force, and sometimes at the request of parents) between the 1880s and 1990s and where sexual and physical abuses occurred.

Share

Trump targets Canadian dairy, lumber with threats of reciprocal tariffs

President Donald Trump is threatening to impose new tariffs on Canadian dairy products, claiming that Canada has been unfairly shutting out American farmers.

Trump insists Canada’s “tremendously high tariff of 250%” makes it “impossible for us to sell dairy products into Canada,” and warns the US could respond with reciprocal measures.

“This isn’t fair,” said Trump in the Oval Office.

Share

Will Canadians Warm Up to the Steely Banker Eyeing Trudeau’s Job?

It was the summer of 2007. Deep inside Canada’s finance ministry, high-ranking officials were staring down the barrel of a global financial meltdown.

They weren’t sure exactly when, or how, the market would crash, but as Mark Carney tells it, “We knew that the thing was going to fall apart.”

It was a turning point for Mr. Carney, then a senior public servant, and began the next chapter of his career managing economic crises as the governor of national banks in Canada and Britain.

Nope.

Share

62% of Canadians Plan to Avoid the U.S. for at Least the Next Year Amid Political Tensions

Over the past few weeks, tensions between Canada and the United States have intensified, spurred by President Donald Trump’s imposition of tariffs and the constant threat of annexation. This heated political landscape has ignited a surge in Canadian patriotism, which is now expressing itself in a very tangible way: through consumer behaviour. In other words, shopping choices, travel plans, and overall spending patterns are no longer driven simply by cost or convenience—political considerations are increasingly at play.

Share

Most Canadians support building a cross-country pipeline, reject adopting U.S. dollar: Nanos survey

Three out of four Canadians would support a national energy corridor and pipeline from Alberta to Eastern Canada, according to a new Nanos survey – even if there were environment and Indigenous land claim concerns about the route.

The survey of 1,001 Canadian adults between Feb. 28 and March 5 found that 54 per cent “support” a cross-country pipeline, while 21 per cent “somewhat support” the idea.

Eleven per cent of those surveyed opposed the idea of a pipeline, while ten per cent “somewhat opposed” the concept.

Share

A Conservative Leader at odds with corporate Canada?

Mark Carney’s closer Bay Street ties could spell trouble for the Conservative leader

On the 34th floor of First Canadian Place, the BMO-branded tower at the core of corporate Canada’s Bay Street hub, a distinctly downtown crowd of about 150 people gathered to get a glimpse of Pierre Poilievre.

Law firm Bennett Jones hosted the fundraiser. Robert Staley – a close ally of the Conservative leader and chair of the party’s powerful fundraising arm – is the firm’s vice-chair and a partner. Other hosts included Scotiabank vice-chair Mark Mulroney, son of a former prime minister, health care services executive Shaun Francis of Medcan Health Management and former Assante Wealth Management CEO Joe Canavan.

Share

Liberal Party’s upcoming campaign announcement will unveil supports in response to Trump tariffs

Canadian government to announce supports in response to Trump tariffs

Federal ministers are expected to announce details of the government’s plan to support workers and businesses as U.S. President Donald Trump’s tariff threat continues to loom over the Canadian economy.

Steven MacKinnon, Mary Ng and Rechie Valdez — the ministers of labour, international trade and small business — are announcing the details at a news conference in Ottawa on Friday afternoon.

Share