As much as Canadians would love a break at the checkout counter, the reality is disappointing: grocery prices are set to rise again. Loblaw Companies Limited, one of the country’s largest grocery retailers, has released its May 27 food inflation report, warning that thousands of everyday products will see price increases. The cause? A mix Continue reading
Emma
Hudson’s Bay to Lay Off Over 8,000 Employees by June 1
Hudson’s Bay Company (HBC), North America’s oldest retailer, will shut the doors of more than 80 stores across Canada on June 1, bringing an end to a major chapter in the country’s retail history. This mass closure follows a months-long liquidation process that began in late March. The closures also come with a devastating human Continue reading
Canadians Could Cash In on $500 Million Loblaws Bread Price-Fixing Lawsuit
Canadian consumers who purchased packaged bread over the past two decades may soon be compensated as part of a massive $500 million class-action settlement linked to a bread price-fixing scheme involving several major grocery retailers. The class action accuses multiple grocery chains, including Loblaw Companies Ltd., George Weston Ltd., Metro, Sobeys, and Walmart, of conspiring Continue reading
Billionaire Plans to Acquire Up to 28 Hudson’s Bay Stores for New Department Chain
In a significant development for Canada’s struggling retail landscape, Ruby Liu — a billionaire entrepreneur from British Columbia — has finalized a deal to acquire up to 28 Hudson’s Bay Company (HBC) department store leases across three provinces. This comes amid the dramatic and public unraveling of the 355-year-old Canadian institution, long regarded as a Continue reading
Air Canada Cuts Direct Flights to Detroit, Indianapolis, Minneapolis, Nashville, and Tampa, Disrupting Key Canada U.S. Travel Routes
Air Canada is set to suspend five direct routes between major Canadian cities and secondary U.S. destinations starting in Fall 2025. The decision is part of a strategic shift aimed at optimizing its transborder network before the onset of the Winter 2025–26 season. This move, which impacts flights from Montreal, Toronto, and Vancouver, reflects changing Continue reading
GM 6.2L L87 Engine Recall Engineer Breaks Down Oil Viscosity Differences
The popular YouTube channel Engineering Explained, known for breaking down complex automotive engineering topics, has tackled one of the biggest automotive recalls in recent memory: the General Motors recall of nearly 600,000 vehicles equipped with the 6.2L V8 L87 engine. Hosted by mechanical engineer Jason Fenske, the video walks through the root of the engine Continue reading
USD/CAD Weakens Further Ahead of Bank of Canada Rate Decision
Over the past week, the USD/CAD currency pair has declined nearly 1.5%, reflecting a broader trend of Canadian dollar strength. This movement has been fueled by rising expectations around the Bank of Canada’s (BoC) next interest rate decision and continued weakness in the U.S. dollar. With inflation in Canada showing signs of a rebound and Continue reading
5 Government Benefits You Could Receive from the CRA and Service Canada in June 2025
As June 2025 approaches, many Canadians can expect a much-needed financial boost from the federal government. Whether you’re juggling the cost of groceries, daycare, or housing, a variety of benefit payments are set to arrive from the Canada Revenue Agency (CRA) and Service Canada — with some households receiving hundreds or even thousands of dollars. Continue reading
Ontario Announces New Employee Leave Benefits
Ontario is enhancing support for workers by introducing two significant new types of unpaid job-protected leave: Long-Term Illness Leave and Placement of a Child Leave. These changes, introduced under the Working for Workers Six Act, 2024, are part of an evolving framework designed to better reflect the realities of modern work-life balance, caregiving responsibilities, and Continue reading
Credit One Bank Lawsuit Settlement Important Dates, Who Qualifies, and How to File a Claim
In a major legal development, Credit One Bank is preparing to settle a high-profile class action lawsuit in 2025. The lawsuit stems from widespread allegations by thousands of customers who claim they were charged unjustified fees and misled about the terms of their credit products. If you were affected, you may be eligible for a Continue reading