Tara Deschamps

Canadian Press

Tara Deschamps is a business reporter with The Canadian Press

Latest from Tara Deschamps

Liquidation begins at remaining Hudson's Bay stores, including Toronto flagship

Liquidation sales at Hudson's Bay's remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to 70 per cent.

Hudson's Bay artifacts, including royal charter, can go up for auction, court rules

Hudson's Bay can now prepare to auction off 4,400 artifacts and art pieces along with the 355-year-old royal charter that launched the now-ailing company.

Lawyer trying to save war memorials from Hudson's Bay stores in Toronto, Calgary

A Toronto lawyer is hoping to find a way to preserve war memorials at two Hudson's Bay stores and says he wants the displays commemorating Bay and Simpsons workers who died in the Second World War to be saved.

Public access to Hudson Bay Company artifacts 'absolutely crucial,' Manitoba history prof says

Museums, galleries and other archival institutions will likely need some help, if they want to buy Hudson's Bay art or artifacts.

Hudson's Bay looks to auction off royal charter that launched company 355 years ago

Hudson's Bay has asked a court to allow it to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts.

Montreal's Groupe Dynamite to shut down up to 10 Canadian stores, open 20 more in U.S.

Groupe Dynamite Inc. says it expects to close about 10 stores that are mostly in Canada this fiscal year, even as it plans to open up to 20 more in the U.S. over the same time frame.

Owner of three shopping malls in B.C. says she wants to buy Hudson's Bay

Chinese billionaire Weihong Liu set out her business plans to purchase many of the stores in a video, saying The Bay has hundreds of years of history and she doesn't want to see it collapse. 

How businesses are coping 5 years after COVID-19 pandemic — and it's not all bad

COVID-19 forced companies to change the way they do business, in many cases resulting in shuttered operations. But many Canadian shops adapted. Five years on, some continue to thrive.

Hudson's Bay says it will liquidate entire business if no financing can be secured

A closure of the entire business would mean job losses for 9,364 employees the company has in Canada across its Hudson's Bay stores, as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations it owns through a licensing agreement.

Chinese AI app DeepSeek blocked on some federal government phones

The federal government has restricted Chinese artificial intelligence company DeepSeek's chatbot from some of its mobile devices and is recommending other agencies and departments follow suit.