Some former Hudson’s Bay employees have filed a class-action lawsuit seeking a share of the defunct retailer’s pension surplus, BNNBloomberg reported. The court filing was made on behalf of workers who were enrolled in a pension plan offered by Simpsons, a rival department store HBC bought in the 1970s. The takeover made HBC the administrator of the Simpsons pension plan, which had a surplus at the time. The court filing does not say how big the surplus was when the acquisition happened, but says annual pension statement reports HBC sent Simpsons workers showed that as of Jan.

Inflation in Canada quickened more than anticipated last month, touching a seven-month high as price pressures continue to simmer in the country, the Wall Street Journal reported. The consumer-price index rose 0.1% in September from the prior month and 2.4% from a year earlier, Statistics Canada said Tuesday. That was hotter than the 2.2% annual inflation economists had expected and marked the second straight month that inflation has accelerated, after picking up to 1.9% in August.

Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts, Reuters reported. Prime Minister Mark Carney is negotiating with U.S. President Donald Trump, who imposed tariffs on Canadian steel and aluminum. His team also met with Chinese counterparts last week in an effort to secure relief on Chinese tariffs on Canadian agricultural goods. Canada's economy has come under strain as the impact of tariffs on Canadian exports to the U.S.

The Christenson Group of Companies, which owes millions to Alberta seniors and their family members under life lease housing contracts, has entered creditor protection, CBC.ca reported. Court of King’s Bench Justice Colin Feasby approved an initial order under the Companies’ Creditors Arrangement Act (CCAA) on Friday. The order gives only 10 days of protection for now. Another hearing is scheduled at the end of the month to discuss the possibility of extending it into the future.

Canadian firms feel conditions are slightly better than earlier in the year but they are unlikely to boost investments or hiring given the dampening effect of U.S. tariffs, a Bank of Canada survey showed on Monday, Reuters reported. The quarterly business outlook survey is closely watched by the BoC and economists to gauge what Canadian firms expect in terms of inflation, sales and hiring.

The government of Canada is threatening to sue automaker Stellantis NV over its move to shift production of the Jeep Compass to Illinois from Brampton, Ont., The Globe and Mail reported. Industry Minister Mélanie Joly issued the warning in a letter to Antonio Filosa, chief executive officer of Stellantis, which on Tuesday unveiled a US$13-billion plan to boost auto production in the United States by 50 per cent over four years. Industry watchers say Stellantis is trying to avoid U.S.

The Bank of Canada’s No. 2 official endorsed a competition shakeup in the highly concentrated financial-services industry, saying the country’s banking sector is an oligopoly and changes could help lift Canada’s prolonged productivity slump, the Wall Street Journal reported. Carolyn Rogers, the central bank’s senior deputy governor, on Thursday said Canadian authorities have done a stellar job in regulating banks by ensuring they have enough capital to survive shocks such as the 2008-09 financial crisis and the Covid-19 pandemic.

Premiers remain at odds over how best to respond to U.S. tariffs, a day after Prime Minister Mark Carney left a meeting in Washington without announcing any breakthroughs on a deal, BNN Bloomberg reported. Speaking at a conference in Toronto hosted by BMO and Eurasia Group, Ontario Premier Doug Ford said that he remains prepared to cut off shipments of energy, minerals and other exports if the U.S. doesn’t relent on tariffs. Alberta Premier Danielle Smith, also speaking at the U.S.-Canada Summit, said she still doesn’t support halting shipments south.

According to the latest MNP Consumer Debt Index data, Canadians' financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence. Three in ten Canadians say that they have reduced their utility consumption, while a quarter report eating less to save money. The Index dropped two points to 86 this quarter -- its lowest September reading since 2023. Read more.

Prime Minister Mark Carney is set to head to Washington early next week to meet with U.S. President Donald Trump – his second visit since becoming prime minister, BNN Bloomberg reported. Carney will leave for Washington on Monday evening and will meet with Trump on Tuesday, in what the Prime Minister’s Office (PMO) is describing as a “working visit and meeting.” Foreign Affairs Minister Anita Anand, Industry Minister Melanie Joly and Canada-U.S. Trade Minister Dominic LeBlanc will accompany Carney.