Catalyst adds to stake in HBC as battle over retailer’s fate heats up

Catalyst adds to stake in HBC as battle over retailer’s fate heats up

Private equity firm Catalyst Capital Group Inc. announced Monday that it has acquired an additional 10.05 per cent stake in Hudson’s Bay Co., as a battle over the fate of one of Canada’s oldest and most storied companies heats up. Catalyst purchased the 18.4 million shares for $187 million, or $10.11 apiece, through an unsolicited…

Meg Energy clashes with Enbridge over sweeping changes to Mainline pipeline

Meg Energy clashes with Enbridge over sweeping changes to Mainline pipeline

CALGARY — A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity. On Aug. 16, MEG Energy Corp. president and CEO Derek Evans wrote a letter to the National…

Wendy’s jumps into the chicken sandwich Twitter feud between Popeyes and Chick-fil-A

Wendy’s jumps into the chicken sandwich Twitter feud between Popeyes and Chick-fil-A

Wendy’s is entering the Twitter battle over which fried-chicken sandwich reigns supreme. On Monday, Chick-fil-A’s apparent subtweet of Popeyes’ new fried-chicken sandwich set off a social-media frenzy. “Bun + Chicken + Pickles = all the ❤️ for the original,” Chick-fil-A tweeted. Popeyes — which recently rolled out a new fried-chicken sandwich — quote-tweeted it, adding:…

Of the three new iPhones coming in September, here’s why the ‘iPhone 11 Pro’ will be the best phone for most people

Of the three new iPhones coming in September, here’s why the ‘iPhone 11 Pro’ will be the best phone for most people

It’s almost September, which means new iPhones are almost here. Apple traditionally holds an event in early to mid-September to announce new iPhones. This year, we’re expecting an “iPhone 11,” an “iPhone 11 Pro,” and an “iPhone 11 Pro Max.” The iPhone 11 is said to be the cheapest option; it’s rumored to be the…

Awkward silences are the trick to getting more money in a salary negotiation. Here’s how to use them without coming off as nervous or unprepared.

Awkward silences are the trick to getting more money in a salary negotiation. Here’s how to use them without coming off as nervous or unprepared.

Psychologists often talk about the supposed benefits of embracing discomfort. The idea is that, by leaning into feelings like anxiety and anger instead of resisting them, you’ll take away their power to consume you whole. This idea has always held a lot of appeal for me, but I haven’t always been sure how to put…

31 countries where the ‘American Dream’ is more attainable than in the US

31 countries where the ‘American Dream’ is more attainable than in the US

One of the core elements of the American Dream is the idea that anyone can make it to the top, regardless of where one starts out in life. But, according to a 2018 report on intergenerational educational and economic mobility from the World Bank, that dream is more realistic in most other high-income countries than…

Huawei’s US chief security officer says he’s been called a traitor for defending the Chinese tech giant. But he says his goal is to ‘promote a safer cyberspace’

Huawei’s US chief security officer says he’s been called a traitor for defending the Chinese tech giant. But he says his goal is to ‘promote a safer cyberspace’

As one of Huawei’s top executives in America, Andy Purdy, the Chinese tech giant’s US chief security officer, has come up with a distinctly American response to those who would call him a traitor. He repeats PeeWee Herman’s famous line: “I know you are, but what am I?” Purdy is nothing like the dorky comic…

Potential for massive IRS tax penalties still hangs over U.S. citizens living in Canada

Potential for massive IRS tax penalties still hangs over U.S. citizens living in Canada

It’s estimated that there are up to one million U.S. citizens living in Canada. And as most U.S. citizens know by now, the U.S. is effectively the only country in the world that currently imposes citizenship-based taxation in that it taxes all its citizens regardless of where their income is earned or where they live.…

Down to Business podcast: Canada can’t escape a recession if the global economy heads south

Down to Business podcast: Canada can’t escape a recession if the global economy heads south

Welcome to Down to Business, a weekly podcast from the Financial Post. It’s getting hard to ignore signs of the R word. Despite evidence of economic strength in Canada, business confidence is shaky, global manufacturing is slowing down and the U.S.-China trade relationship is volatile. So is a global recession imminent? And what does that…

Trump talked about putting a massive tariff on French wine at a Hamptons fundraiser, according to report

Trump talked about putting a massive tariff on French wine at a Hamptons fundraiser, according to report

President Donald Trump floated a tariff of as much as 100% on French wine at a fundraiser in Long Island, according to a report from Bloomberg’s Jennifer Jacobs and Jenny Leonard. Citing two sources with knowledge of the president’s remarks at an August 9 business roundtable in the Hamptons, Bloomberg noted that the specific proposal…