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Prime Minister Mark Carney says new cabinet will act with 'urgency and determination'

Prime Minister Mark Carney says new cabinet will act with 'urgency and determination'

OTTAWA — Prime Minister Mark Carney shook up his cabinet Tuesday by moving some key players involved in Canada-U.S. relations into new positions and promoting 24 new faces in a move meant to signal change at the top.
Hudson's Bay creditor protection extended until July 31

Hudson's Bay creditor protection extended until July 31

TORONTO — An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July.
Canada's ambassador says economic talks must prioritize lifting Trump's tariffs

Canada's ambassador says economic talks must prioritize lifting Trump's tariffs

WASHINGTON — Ottawa's top diplomat in Washington says talks to negotiate any new deals with the United States will prioritize ending U.S President Donald Trump's ruinous tariffs on Canadian exports.
Steven Guilbeault to remain in cabinet: source

Steven Guilbeault to remain in cabinet: source

OTTAWA — Canadian Culture and Identity Minister Steven Guilbeault is among those names that will stay in cabinet on Tuesday when Prime Minister Mark Carney makes some hefty adjustments to his team, a Liberal source has confirmed to The Canadian Press
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: HBC Hudson's Bay is expected to return to court Tuesday to seek permission to extend its creditor protection, currently in place until May 15, to July 31.
Hudson's Bay garnered 17 bids in process to find new owner for retailer, assets: docs

Hudson's Bay garnered 17 bids in process to find new owner for retailer, assets: docs

TORONTO — A new court filing shows a process meant to find a new owner for Hudson's Bay and its assets has yielded 17 bids.
Average asking rents down annually for seventh straight month at $2,127: report

Average asking rents down annually for seventh straight month at $2,127: report

TORONTO — The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8 per cent. The latest data from Rentals.
Carney, Canada's premiers to meet in Saskatchewan next month

Carney, Canada's premiers to meet in Saskatchewan next month

OTTAWA — Canada's premiers and Prime Minister Mark Carney will meet in Saskatoon on June 2 to discuss ways to work together to make the country stronger.
Hudson's Bay insiders not bidding on business, assets or leases: court documents

Hudson's Bay insiders not bidding on business, assets or leases: court documents

TORONTO — The executives that led Canada’s oldest company to its recent collapse won’t be handed the reins of Hudson’s Bay as part of its restructuring process, new court documents indicate.
Carney says he pushed back against Trump in private on '51st state' notion

Carney says he pushed back against Trump in private on '51st state' notion

WASHINGTON — Canada will never become a U.S. state, Prime Minister Carney declared to President Donald Trump in public and private during White House meetings both leaders described as productive and cordial.