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U.S. court case sees Saks Global accuse lender of contributing to Bay's demise

U.S. court case sees Saks Global accuse lender of contributing to Bay's demise

TORONTO — Saks Global is putting some of the blame for Hudson’s Bay’s demise on one of the faltering department store’s top lenders.
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Trans Mountain could take on more pipeline projects if private sector can't: CEO

Trans Mountain could take on more pipeline projects if private sector can't: CEO

CALGARY — The CEO of Crown-owned pipeline operator Trans Mountain Corp. says it could take on other market-expanding pipeline projects if necessary, but that it would be preferable for the private sector to take the lead.
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Wall Street glides to the end of its best month since 2023

Wall Street glides to the end of its best month since 2023

NEW YORK (AP) — Wall Street closed its best month since 2023 with a quiet day of trading. The S&P 500 was essentially flat as it finished a winning week and its first winning month in the last four. The Dow Jones Industrial Average rose 0.
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Bank of Canada expected to hold key rate after surprise Q1 GDP jump

Bank of Canada expected to hold key rate after surprise Q1 GDP jump

OTTAWA — The Canadian economy got a boost to start the year as businesses rushed to get ahead of tariffs, and some economists believe that lift will be enough to keep the Bank of Canada on the sidelines at its interest rate decision next week.
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Hudson's Bay heads into last days of sale with lots of shoppers, little merchandise

Hudson's Bay heads into last days of sale with lots of shoppers, little merchandise

Hudson’s Bay headed into its last weekend of liquidation sales with its Toronto flagship teeming with shoppers looking for one last treasure from the department store.
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Laurentian Bank reports $32 million Q2 profit as work continues on strategic plan

Laurentian Bank reports $32 million Q2 profit as work continues on strategic plan

Laurentian Bank of Canada says it's making progress on its turnaround efforts as it marks a year of working through its strategic plan.
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Taylor Swift has regained control of her music, buys back first 6 albums

Taylor Swift has regained control of her music, buys back first 6 albums

NEW YORK (AP) — Taylor Swift has regained control over her entire body of work. In a lengthy note posted to her official website on Friday, Swift announced: “All of the music I’ve ever made now belongs to me.
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Strathcona formally launches takeover bid for oilsands peer MEG Energy

Strathcona formally launches takeover bid for oilsands peer MEG Energy

CALGARY — Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy. Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.
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CPP Investments and partner sell Encino Acquisition Partners stake in US$5.6B deal

CPP Investments and partner sell Encino Acquisition Partners stake in US$5.6B deal

TORONTO — Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.
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RioCan REIT asks court to put joint venture with Hudson's Bay into receivership: docs

RioCan REIT asks court to put joint venture with Hudson's Bay into receivership: docs

TORONTO — RioCan Real Estate Investment Trust is pushing to put a joint venture it owns with Hudson's Bay into receivership. A motion filed late Thursday from the real estate firm asks the Ontario Superior Court to appoint FTI Consulting Canada Inc.
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