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.
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Could Canadian LNG ambitions put Washington on edge?
Canadian Prime Minister Mark Carney is shifting Canada's energy strategy towards a diversified approach, including LNG exports and critical minerals, aiming to establish Canada as an energy superpower, especially in light of Europe's need for alternatives to Russian gas. While facing challenges, such as pipeline limitations and competition from U.S. LNG, Canada hopes to meet European demand with shorter shipping routes and lower emissions. Want More Context? 🔎
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