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Judge Halts Retailer’s Bid for Former Hudson’s Bay Space at Yorkdale

Judge blocks department store from moving into former HBC space at Yorkdale mall. A proposed plan to open a new retailer in the former Hudson’s Bay space at Yorkdale Shopping Centre has been stopped by an Ontario judge. The decision blocks a deal that would have transferred the large anchor location to a discount-focused department store operator. The court found that the arrangement did not meet the standards required for such a major tenancy change, supporting Yorkdale’s position that the retailer was not an appropriate fit for the mall’s upscale environment. The ruling ends months of dispute over the future of the vacant three-level space and underscores the challenges malls face as they try to repurpose former department store footprints. Yorkdale, known for its luxury brands and high-end positioning, is now expected to pursue alternatives that better align with its long‑term strategy.
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Canadian Unemployment Rate Falls to 6.5% as Job Market Surges

 

In a surprising turn of events, Canada’s labour market exceeded expectations in September, adding a net 47,000 jobs. This surge in employment led to a drop in the unemployment rate to 6.5%, according to the latest data from Statistics Canada.

This marks the first decline in the unemployment rate since January, driven primarily by significant gains in full-time employment, particularly among youth and women aged 25 to 54. The robust job growth highlights the resilience of the Canadian economy amidst global economic uncertainties.

Economists had anticipated a more modest increase in employment, making this development a positive indicator for the country’s economic health. The data suggests that sectors such as healthcare, education, and professional services saw the most significant job additions.

As Canada continues to navigate post-pandemic recovery, these employment gains provide a hopeful outlook for sustained economic growth and stability.


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