Skip to content

National Business

Hudson's Bay cuts 200 corporate jobs effective April 4

Hudson's Bay cuts 200 corporate jobs effective April 4

TORONTO — Hudson's Bay says it has notified about 200 of its staff working in corporate roles that their employment will be terminated next week.
Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup

Charlie Javice convicted of defrauding JPMorgan during $175 million sale of financial aid startup

NEW YORK (AP) — Charlie Javice , the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest U.S.
Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy, higher inflation

Wall Street tumbles, and S&P 500 drops 2% on worries about slower economy, higher inflation

NEW YORK (AP) — Another wipeout is slamming Wall Street Friday as worries build about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war .
Hudson's Bay is liquidating most of its stores. Here's what you need to know

Hudson's Bay is liquidating most of its stores. Here's what you need to know

Hudson's Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month.
Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

Canada's economy 'sprinting into a wall' to start 2025 as tariff hit looms

OTTAWA — The Canadian economy was off to a solid start in January but early signs suggest growth stalled in February amid harsh winter weather and the looming threat of tariffs. Statistics Canada said Friday that real gross domestic product rose 0.
Deed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor

Deed tax increase won't hurt demand for Nova Scotia recreational properties: Realtor

HALIFAX — Demand for cottages and recreational properties in Nova Scotia should remain strong despite the doubling of the province’s deed transfer tax, says an executive with a major real estate agency.
Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle

Noted economist honored by Trump warns his 25% tariffs could add $4,711 to the cost of a vehicle

WASHINGTON (AP) — Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25% tariffs on auto imports could add $4,711 to the cost of a vehicle and says the proposed taxes could weaken the ability of U.S.
Premier Moe heads to Europe for trade show, London Stock Exchange address

Premier Moe heads to Europe for trade show, London Stock Exchange address

REGINA — Saskatchewan Premier Scott Moe is travelling to Europe to promote the province's agricultural, energy and manufacturing industries.
TSX down more than 250 points on Friday morning, as U.S. stocks also fall

TSX down more than 250 points on Friday morning, as U.S. stocks also fall

TORONTO — Canada's main stock index was down more than 250 points in late-morning trading on Friday amid broad-based losses, while U.S. stock markets also plunged. The S&P/TSX composite index was down 261.77 points at 24,899.29.
US consumers remained cautious about spending last month as inflation ticked higher

US consumers remained cautious about spending last month as inflation ticked higher

WASHINGTON (AP) — Inflation picked up last month and consumers barely raised their spending, signs that the economy was already cooling even before most tariffs were imposed.