Montreal Mayor Valérie Plante presented the city’s $7.28-billion budget, increasing the average residential tax bill by 2.2% and allocating $100 million towards addressing the housing crisis. The funds will be used to purchase buildings for social housing and support organizations aiding the homeless, with a special tax exemption for non-profit building owners. Plante highlighted her administration’s commitment to investing in housing and maintaining city services, expressing pride in all budgets tabled during her tenure.
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Hudson’s Bay is in limbo after filing for creditor protection. Here’s what you need to know
Hudson's Bay Company filed for creditor protection, indicating financial struggles and potential sale or closure. Retail experts note longstanding issues, with stores in disarray and layoffs. While stores remain open, closures may occur, rewards program is paused, and gift cards can still be used. Court decision pending on financing and potential layoffs to address debt, with focus on revitalizing the brand for sustainability. Full Article
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