Skip to main content

HBC files suit against Oxford, says landlord breached lease agreements: Hudson’s Bay is firing another salvo in a battle with some of its landlords over rent payments during the global coronavirus pandemic. On Tuesday, Hudson’s Bay Co. ULC filed a lawsuit against Oxford Properties and its affiliates, claiming Oxford is in breach of its lease agreements at seven shopping malls it owns, co-owns or manages. HBC says in its statement of claim that it is not required to pay rent on those stores until the “breaches” are resolved. (Susan Krashinsky Roberson, Rachelle Younglai)

BCSC alleges junior B.C. mining company First Mexican Gold doctored technical report: The British Columbia Securities Commission (BCSC) alleges that junior mining company First Mexican Gold Corp., its then-chief executive officer and an external consultant broke securities laws by knowingly publishing a shoddy estimate of resources on a minerals property. (Niall McGee)

Cenovus to cut up to 25 per cent of work force after deal with Husky: Cenovus Energy Inc. plans to cut up to a quarter of its work force after it acquires Husky Energy Inc., in another major blow to Alberta’s oil patch. The job losses could total around 2,150 positions, with the majority expected to be lost in Calgary. There were no details available on the timing of the cuts. (Emma Graney)

Story continues below advertisement

Finally, GIC investors get their own online broker to shop the market for top rates: Investors who like the safety of guaranteed investment certificates have been largely ignored in the tech revolution that has transformed do-it-yourself investing in the past 20 years. An online GIC broker called GIC Simple is trying to fill this gap. (Rob Carrick)

Advanced Micro Devices buys Xilinx for $35-billion in all-stock deal: Advanced Micro Devices agreed to pay US$35-billion in stock for Xilinx, a deal aimed at reshaping one of the computer chip industry’s pioneers. AMD, known mainly as Intel’s long-time rival in microprocessors that power most computers, plans to use the acquisition to broaden its business into chips for markets like 5G wireless communications and automotive electronics. (New York Times)

Shopify to partner with TikTok in bid to woo more merchants to site: E-commerce company Shopify Inc. said on Tuesday it will partner with TikTok to help its one million-plus merchants more easily advertise their products on the video-sharing app, as it looks to grow its customer base. (Reuters)

The Streetwise newsletter is Monday to Friday. If you’re reading this on the web, or if someone forwarded this e-mail to you, you can sign up for Streetwise and all Globe newsletters on our signup page.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies