The beleaguered Hudson's Bay Co., which plans to close most of its 96 stores by the end of June, will pay up to $3 million total in retention bonuses to 121 managers and executives — but will not pay severance to its more than 9,300 workers, most of whom will soon lose their jobs.
When heavyweight boxing champion George Foreman signed a profit-sharing deal in 1994 on the kitchen appliance with which he would become synonymous, his expectations were modest.
Liquidation sales are kicking off Monday morning at all but six of Hudson's Bay's locations as the company continues to search for a way to restructure.
Sam Van Uden, 21, and runs the seeder on a prairie farm in southern Alberta. It's good hours, but the paycheque doesn't stretch the way it did for young adults who used to start this way.
Activists sprayed paint on the exterior of a Tesla dealership in Montreal on Wednesday, as cases of vandalism climb in the United States and around the world against Elon Musk's electric car company.
The Canadian Federation of Independent Business says small business confidence dropped to an all-time low in March as the trade war with the U.S. ramped up.
Fast-fashion retailer Forever 21's U.S. operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling mall traffic and mounting competition from online retailers.
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.
It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days because of Trump’s on -and- off -again tariffs.
When Rose Asgharzadeh moved to Calgary in 2023, she wasn't worried about finding a job. Her 14 years of experience teaching human resources at a university in Iran made her a literal expert on finding a job.
Millions of dollars and thousands of jobs are in flux for Canadian businesses, as constant changes to tariffs mean companies based in this country are either avoiding financial decisions or feel they are unable to make them.
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.
As tariffs rise and trade tensions escalate, many Canadians may be left wondering how their finances, job security and retirement plans could be affected by economic uncertainty.
Stocks racked up more losses on Wall Street on Tuesday as a trade war between the U.S. and its key trading partners escalated, with a brief bounce-back in technology stocks failing to reverse overall losses amid shaky global markets.
CAPP said diversify exports into Asia and Europe would promote long-term stability, and securing Ontario and Quebec's energy supply must be a national priority.
Trump’s announcement dashed hopes on Wall Street that he would choose a less painful path for global trade, and followed the latest warning signal on the U.S. economy’s strength.
Trump’s announcement dashed hopes on Wall Street that he would choose a less painful path for global trade, and followed the latest warning signal on the U.S. economy’s strength.
Experts say getting Canada's defence spending to two per cent of GDP is not as simple as moving money around and will require multiple measures and years of planning.
The ever-changing tariff threats from the Trump administration have caused some businesses to start shipping their products to the U.S. earlier than normal to lock in pricing.