Skip to main content

Featured

Gas Prices Are Finally Falling in Canada — Here's How Much You're Saving and What Comes Next

After weeks of painful price spikes driven by the U.S.-Iran conflict, Canadians are finally catching a break at the pump. The national average gas price dropped to 169.1 cents per litre on Monday, April 20 — down from a peak near 198 cents — as two things happened at once: Iran reopened the Strait of Hormuz to commercial traffic, and Prime Minister Mark Carney's federal fuel excise tax suspension came into effect. National Average 169.1¢/L ▼ Down from ~198¢/L peak Gas savings (excise tax) 10¢/L off gasoline until Sept. 7 Diesel savings 4¢/L off diesel until Sept. 7 WTI Crude (current) ~$87 ▼ Down from $120 peak What just happened — and why Since the U.S.-Iran conflict began in late February, Brent crude surged more than 55%, briefly topping $120 a barrel — the largest oil supply shock in the history of global markets, according to the Interna...
Post a Comment
Read more

article

Labels

Hudson's Bay: A Canadian Legacy Faces Major Downsizing


Hudson’s Bay Company, a cornerstone of Canadian retail history, is set to undergo a significant transformation. Following a court decision, the company will retain only six stores across Ontario and Quebec, including flagship locations in downtown Toronto and Montreal. Meanwhile, liquidation sales for the remaining 74 stores will commence on March 24, 2025, with closures expected by June.

This decision comes after years of financial struggles and shifting consumer habits that have challenged traditional brick-and-mortar retailers. The retained stores represent a glimmer of hope for the 354-year-old institution, but the closures mark the end of an era for many communities across Canada.

As the liquidation process begins, shoppers will have a final opportunity to visit these iconic stores and purchase merchandise at discounted prices. The company’s future remains uncertain, but its impact on Canadian history and retail culture is undeniable.

Labels:

Comments

Post a Comment