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Kingsbury Strikes Gold to Open Canada’s Medal Count

Canada's Mikael Kingsbury wins Olympic gold in men's dual moguls. Mikael Kingsbury has delivered a landmark moment for Team Canada, capturing the nation’s first gold medal of the Milan Cortina Olympics. The freestyle skiing superstar put down a commanding moguls run, blending speed, precision, and trademark control to secure the top spot. Already regarded as one of the greatest moguls athletes in history, Kingsbury added yet another highlight to his remarkable career. His victory energized the Canadian contingent and set a confident tone for the days ahead. As the flag rose behind him during the medal ceremony, Kingsbury’s performance stood as both a personal triumph and a powerful start to Canada’s Olympic campaign.
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The End of an Era: Hudson’s Bay Co. Faces Liquidation

Hudson’s Bay Company, a cornerstone of Canadian retail history, is on the brink of closure after 355 years of operation. The company, which began as a fur trading enterprise in 1670, evolved into a retail giant with department stores across Canada. However, financial struggles, including nearly $1 billion in debt, have forced the company to file for creditor protection under the Companies' Creditors Arrangement Act (CCAA).

Despite efforts to restructure and secure financing, Hudson’s Bay announced plans for a full liquidation of its business. This process, expected to conclude by June 2025, will result in the closure of all 88 Hudson’s Bay stores, along with its Saks Fifth Avenue and Saks Off 5th locations in Canada. The liquidation marks a significant loss for the Canadian retail landscape, impacting over 9,000 employees and leaving major shopping malls with vacant anchor spaces.

The company cited subdued consumer spending, post-pandemic shifts in shopping habits, and trade tensions as contributing factors to its financial decline. While Hudson’s Bay’s legacy as Canada’s oldest company will endure, its closure signals the end of an era for traditional department stores in the country.

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