- Hudson’s Bay, Canada’s oldest retailer, faces financial crisis
Friday, March 14th 2025
In a moment when more people are looking to buy Canadian, Canada’s oldest retailer is facing a financial crisis. Last week, Hudson’s Bay was granted creditor protection. Court documents showed that last year, the company recorded a loss of nearly $330 million, and that they were within days of not being able to pay their staff. Now, they’re working on a restructuring plan that could include closing half of its 80 stores.
Today, Susan Krashinsky Robertson, the Globe’s retailing reporter, is here to discuss where things went wrong for Hudson’s Bay, how restructuring could affect employees and customers, and what place the company holds in the Canadian imagination after 355 years.
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- How to protect your money during a trade war
Thursday, March 13th 2025
On Wednesday, Trump imposed 25% tariffs on steel and aluminum, with Canada hitting back with counter levies on nearly $30 billion dollars worth of U.S. goods. In response to the ongoing trade war, the Bank of Canada cut its interest rate to 2.75% as the trade war rattles the economy.
Between stock market downturns, increasing fears of a recession, and the volatility of U.S. President Donald Trump’s on-again-off-again tariffs, Canadians are on edge.
As economic unpredictability becomes the norm, a lot of us are feeling nervous about our finances. Today, the Globe’s personal finance columnist and host of Stress Test, Rob Carrick, is here. Rob will help us make sense of the recent market downturns, and explain how to protect our money in the months ahead.
Questions? Comments? Ideas? Email us at [email protected]
- Pierre Poilievre’s problems with corporate Canada
Wednesday, March 12th 2025
Throughout his campaign, Pierre Poilievre has taken an antagonistic attitude towards Canada’s business elite – a historically uncharacteristic approach for the Conservative party. During a time of economic uncertainty, Canadians are looking for a leader to protect them from a trade war with the U.S. and business leaders are hoping to show a united front with the next Prime Minister.
The Globe’s business columnist, Andrew Willis, and Report on Business reporter, James Bradshaw, recently took a look into Poilievre’s relationship with corporate Canada. After speaking with nearly 30 senior people in the business and political worlds, Andrew Willis breaks down what Poilievre as Prime Minister would mean for Canadian business.
Questions? Comments? Ideas? Email us at [email protected]
- The Canadian detained by the Taliban for 77 days
Tuesday, March 11th 2025
For the last four years, Dave Lavery — a former soldier and UN security advisor — has helped Afghans safely evacuate to Canada. But this past November, during his most recent trip to Afghanistan, he was detained by Taliban Intelligence and Security Forces.
But what happens when the person sent in to rescue needs saving?
The Globe’s international affairs reporter, Janice Dickson, sat down with Dave at his home in Doha where he recounted his detainment, where he was taken, and how he survived 77 days in captivity.
Questions? Comments? Ideas? Email us at [email protected]
- Mark Carney will be the prime minister – what happens next?
Monday, March 10th 2025
The Liberal Party of Canada have chosen their new leader — and the country’s 24th prime minister. Former Bank of Canada Governor, Mark Carney won in a landslide, capturing nearly 86% of the vote. As Prime Minister Justin Trudeau steps aside, Carney will take his place as the first Canadian prime minister with no political experience.
While the Liberals have gained in the polls, Carney will be challenged as soon as he enters office. Parliament is prorogued until March 24—where Carney holds no seat, the opposition parties have said they’ll vote for an early election, and U.S. President Donald Trump’s economic and annexation threats persist.
Today, the Globe’s senior reporter in Ottawa, Stephanie Levitz, is here to break down Sunday’s results, the unique challenges that lie ahead for Carney as an untested leader, and what it could take for the Liberals to hold onto power through this upcoming election.
Questions? Comments? Ideas? Email us at [email protected]