Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankruptcy, WSJ Pro Bankruptcy reported. The troubled home-goods retailer on Friday filed its Canadian division for protection under the Companies’ Creditors Arrangement Act, Canada’s rough equivalent of chapter 11 bankruptcy.

The United States is violating the principles of market economy and international trade rules in considering a ban on Chinese citizens buying property in the United States, the Chinese foreign ministry said on Friday, Reuters reported. "Generalizing the concept of national security and politicising economic, trade and investment issues violate the rules of market economy and international trade rules," spokesperson Mao Ning said at a regular press briefing.

In what could be the first sign of the start of a new phase of the turbulent period in Metro Vancouver’s housing market, Coromandel Properties is insolvent, based on its new filing in the Supreme Court of British Columbia seeking protections, Daily Hive Urbanized reported. The major local real estate developer, which primarily pursues condominium projects, said that it is looking to reposition itself through the stream of the Companies’ Creditors Arrangement Act (CCAA).

The Bank of Canada wants to reinvigorate its interest-rate setting process, bringing an outside voice to the table next month amid a broader effort to bolster its credibility, Bloomberg News reported. HEC Montréal economics professor Nicolas Vincent will become the first “non-executive” member of the central bank’s six-person governing council ahead of its March 8 decision. He is set to serve as part-time deputy governor for two years, with an option for a third, instead of the longer, full-time terms typically given to policymakers.

Governor Tiff Macklem said that the Bank of Canada needs to keep interest rates steady to avoid slowing the economy too much, defending his decision to pause hikes in remarks that were accidentally leaked, Bloomberg News reported. In his first speech since declaring a conditional pause on rate increases, Macklem said it can take 18 to 24 months to see the full effects of higher borrowing costs. Policymakers, he added, want to avoid overtightening. The central bank’s benchmark rate has risen from 0.25% to 4.5% since March. The two-year yield was at 3.975% as of 12:19 p.m.

Canada's federal government said Tuesday that it will provide an additional C$46.2 billion ($34.4 billion) in new funding for healthcare over 10 years, part of the latest healthcare deal as federal ministers meet with their provincial counterparts to hammer out a deal on healthcare funding, Reuters reported. The investment would be part of an overall C$196.1 billion increase in funding over 10 years, according to a statement from Prime Minister Justin Trudeau's office. Some of the new funds promised Tuesday are unconditional; others are earmarked for certain priority areas.

A shuttered South African airline sued Boeing Co. for fraud over its agreement to buy eight 737 MAX planes and seeks damages of at least $83 million, Reuters reported. Boeing "placed profits over safety and led with a plan of deception," Comair's suit filed Monday in U.S. District Court in Seattle said. Boeing declined to comment. Comair said that Boeing committed fraud over its failure to disclose problems with a key flight control system tied to two fatal 737 MAX crashes in 2018 and 2019 in Indonesia and Ethiopia that killed 346 people and led to the MAX's 20-month grounding.

A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA, Bloomberg News reported. Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling of balance-sheet irregularities that led 93-year-old Brazilian retailer Americanas to seek protection from creditors last month. The gap came in part from supplier financing that wasn’t reflected the right way in the company’s financial statements, which have been audited by PwC since 2019.

Canada's Hut 8 Mining Corp. will merge with rival US Bitcoin Corp. to create a crypto mining giant in North America, consolidating after a steep fall in valuations for the crypto sector that saw high-profile collapses in recent months, Reuters reported. The companies said the combined entity will have a market capitalization of around $990 million, and be equally owned by shareholders of both the companies. The merged entity, to be called Hut 8 Corp, will be listed on both the Toronto Stock Exchange and the Nasdaq after the all-stock deal.

Potential buyers are inquiring about purchasing the struggling crypto lender Hodlnaut and its claims against bankrupt digital-asset exchange FTX, Bloomberg News reported. “Various parties who are interested in acquiring” Singapore-based Hodlnaut’s crypto platform and FTX claims have contacted the interim judicial managers overseeing the company after it sought protection from creditors, according to an affidavit seen by Bloomberg News. The judicial managers are in the process of signing non-disclosure agreements with the potential investors, the document shows.