Monthly Archives: January 2026

Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse

High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, in one of the largest retail collapses since the pandemic. It comes barely a year after a deal that brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same … Continue reading →

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Some Canadians are ready to work in Venezuela‘s oilpatch — if they’re allowed in

In Alberta, there is excitement and hesitation from businesses and energy workers at the potential opportunity ahead in Venezuela.

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McDonald’s Canada to freeze price of small coffee, drop cost of value meals for one year

McDonald’s Canada will freeze the price of a small cup of coffee at $1 for at least a year and drop the price of its McValue meals to $5 for the same duration, its CEO announced on Tuesday.

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Central bank heads, including Canada’s, defend U.S. Fed chair Powell

Leaders of central banks from around the world, including Canada’s Tiff Macklem, have lined up in support of U.S. Federal Reserve chair Jerome Powell, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.

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Staples Canada did not fully wipe personal information from resold laptops, says privacy watchdog

The federal privacy watchdog has found Staples Canada did not fully remove personal information from returned laptops that it later resold.

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Yukon earthquake reveals a fault line hidden beneath glaciers

An earthquake which struck near the Alaska-Yukon border last month has revealed a fault line hidden beneath ice, drawing international research interest.

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Average asking rents fell to just over $2K in December — their lowest in more than 2 years

Asking rents in Canada fell 2.3 per cent year-over-year in December to an average of $2,060, marking a full calendar year of declines as prices reached their lowest level in 30 months.

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Former Federal Reserve leaders slam Trump administration criminal probe of Jerome Powell

U.S. Federal Reserve chair Jerome Powell says that the Trump administration had threatened him with a criminal indictment and served grand jury subpoenas over ​congressional testimony he gave last summer regarding a Fed building renovation project.

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Malaysia, Indonesia become 1st countries to block Musk’s Grok over sexualized AI images

Malaysia and Indonesia have become the first countries to block Grok, the artificial intelligence chatbot developed by Elon Musk’s company xAI, as concerns grew among global authorities that it was being misused to generate sexually explicit and nonconsensual images.

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Russia is using its hypersonic missile to send a political message. How dangerous is the Oreshnik?

Moscow used its hypersonic ‘Oreshnik ‘missile to target critical infrastructure near Lviv in western Ukraine. Its use of the missile is being seen as more about political messaging, than battlefield strategy.

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