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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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End of an Era: Hudson's Bay Announces Immediate Liquidation


Hudson's Bay, Canada's oldest company, has announced plans for an immediate liquidation of its entire business. The decision comes after exhaustive efforts to secure financing and avoid a full shutdown proved unsuccessful. The liquidation process is set to begin next week and is expected to conclude by June.

The iconic department store chain, which dates back to 1670, has faced mounting financial challenges, including nearly $1 billion in debt. The closure will impact over 9,000 employees across Hudson's Bay stores, as well as its Saks Fifth Avenue and Saks Off 5th locations.

Despite the bleak outlook, Hudson's Bay remains hopeful that a last-minute solution with key stakeholders, particularly landlords, could prevent the complete shutdown. CEO Liz Rodbell expressed gratitude for the support from customers and associates, emphasizing the company's determination to explore every possible opportunity to save the brand.

This marks a significant moment in Canadian retail history, as the loss of Hudson's Bay would leave a notable gap in the market and in the hearts of many Canadians.


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