Hudson's Bay closure would be 'quite a loss' for Canadians, says retail expert
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Calgary Herald
15 minutes ago
- Calgary Herald
Posthase: Renters are spending a scary amount on housing
Article content Canadian renters are spending an ever-growing amount of their paycheques on rent, even though they may qualify for a mortgage. Article content Article content Nationally, they are spending 37.6 per cent of their income on rent, according to analysis from SingleKey Inc., falling just below the 40 per cent 'crisis' level. Article content But Toronto renters have already reached the crisis level by spending 41.1 per cent of their salaries on housing, or an average of $2,899 per month. Article content Article content The average rent in Canada is $2,200 per month, with Vancouver's $3,095 per month rate being the most expensive city for renters. Article content Article content It's no wonder renters have a hard time paying the bills. A recent Equifax Canada report said non-mortgage holders were twice as likely to miss a credit payment compared to those with a mortgage. Article content 'While the overall delinquency rate appears to be levelling off, the underlying story is far more complex,' Rebecca Oakes, vice-president of advanced analytics at Equifax Canada, said in a release. 'We continue to see a growing divide between mortgage and non-mortgage consumers, and continued financial strain among younger Canadians, who are facing a slower job market and rising costs.' Article content Overall, 1.4 million Canadians missed a credit payment in the second quarter of 2025, while consumer debt climbed to $2.58 trillion, Equifax said. Article content Article content This comes despite rents for condos and apartments falling 3.6 per cent year over year in July, marking the 10th consecutive month where Canada's rents have fallen year over year, according to data. Article content Article content The good news for renters is that it doesn't look like rent will be going up anytime soon. Article content 'The 3.6 per cent year-over-year rent decline in July is greater than the 2.7 per cent decline recorded in June and suggests that rent declines are likely to continue compounding,' said in its report. Article content Despite the challenges of paying their bills, many renters might still qualify for a mortgage. The average credit score among renters is 694, SingleKey said, which is above the 680 threshold needed for approval at many major banks.
Cision Canada
33 minutes ago
- Cision Canada
High Tide to Open Two New Canna Cabana Locations Across Saskatchewan and Ontario
CALGARY, AB, Aug. 20, 2025 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that it will open two new Canna Cabana branded locations across Saskatchewan and Ontario, located in the cities of Saskatoon and Lasalle. These openings bring High Tide's total store count to 205 Canna Cabana branded locations across Canada, 13 in the province of Saskatchewan, and 84 in the province of Ontario. "Adding two new Cabana stores in Saskatchewan and Ontario is another step forward in our mission to make quality cannabis more accessible and affordable for Canadians. With many more stores in our pipeline, I remain confident we will achieve the higher end of our 2025 target range. Beyond Canada, our German entry and the potential for U.S. reform open the door for even greater opportunities, putting High Tide at the center of a global cannabis growth story," said Raj Grover, Founder and Chief Executive Officer of High Tide. SASKATOON, SK LOCATION The Company's new Canna Cabana retail cannabis store located at 415 Circle Drive East in Saskatoon, Saskatchewan, began selling recreational cannabis products and consumption accessories for adult use on August 18, 2025. Located on the north side just off the Highway 11 exit, this new location offers prime visibility along a major arterial road with minimal nearby competition. The surrounding area is experiencing rapid population growth, and is home to a young demographic that will benefit from Canna Cabana's innovative discount cannabis model. With high-traffic co-tenants including quick-service restaurants, big box retailers, and local grocers, the store is ideally positioned to serve an underserved and fast-growing market. LASALLE, ON LOCATION The Company's new Canna Cabana retail cannabis store located at 2055 Sandwich Parkway West in Lasalle, Ontario, will open on August 25, 2025. Centrally located in a new development featuring grocery, big box retail, quick-service restaurants, and new housing, this new location will serve 24,000 residents within a five minute drive and nearly 90,000 within 10 minutes. With minimal nearby competition, this opening positions High Tide as the first cannabis retailer in the area's newest retail hub. ABOUT HIGH TIDE High Tide, Inc. is the leading community-grown, retail-forward cannabis enterprise engineered to unleash the full value of the world's most powerful plant. Its wholly owned subsidiary, Canna Cabana, is the second-largest cannabis retail brand globally. High Tide (HITI) is uniquely-built around the cannabis consumer, with wholly-diversified and fully-integrated operations across all components of cannabis, including: Bricks & Mortar Retail: Canna Cabana™ is the largest cannabis retail chain in Canada, with 205 current locations spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and growing. In 2021, Canna Cabana became the first cannabis discount club retailer in the world. Retail Innovation: Fastendr™ is a unique and fully automated technology that employs retail kiosks to facilitate a better buying experience through browsing, ordering and pickup. Consumption Accessories: High Tide operates a suite of leading accessory e-commerce platforms across the world, including and Brands: High Tide's industry-leading and consumer-facing brand roster includes Queen of Bud™, Cabana Cannabis Co™, Daily High Club™, Vodka Glass™, Puff Puff Pass™, Dopezilla™, Atomik™, Hue™, Evolution™ and more. CBD: High Tide continues to cultivate the possibilities of consumer CBD through and Wholesale Distribution: High Tide keeps that cannabis category stocked with wholesale solutions via Valiant™. Licensing: High Tide continues to push cannabis culture forward through fresh partnerships and license agreements under the Famous Brandz™ name. High Tide consistently moves ahead of the currents, having been named one of Canada's Top Growing Companies by the Globe and Mail's Report on Business in 2024 for the fourth consecutive year and was recognized as a top 50 company by the TSX Venture Exchange in 2022, 2024 and 2025. High Tide was also ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023. To discover the full impact of High Tide, visit For investment performance, don't miss the High Tide profile pages on SEDAR+ and EDGAR. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. CONTACT INFORMATION Media Inquiries Carter Brownlee Communications and Public Affairs Advisor High Tide Inc. [email protected] 403-770-3080 Investor Inquiries Vahan Ajamian Capital Markets Advisor High Tide Inc. [email protected] CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking information" and "forward-looking statements within the meaning of applicable securities legislation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. The forward-looking statements herein include, but are not limited to, statements regarding: the timing of our new locations beginning to sell recreational cannabis products and consumption accessories for adult use, the expected benefits of the store locations, the level of competition in the area, our commitment to opening the number of future stores on the timeline indicated herein, potential law reforms and the resulting ability of the Company to enter into the U.S., and the successful entry of the Company into the German market. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Although the Company believes that the expectations reflected in these statements are reasonable, such statements are based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including but not limited to the risk factors discussed under the heading "Non-Exhaustive List of Risk Factors" in Schedule A to our current annual information form, and elsewhere in this press release, as such factors may be further updated from time to time in our periodic filings, available at and which factors are incorporated herein by reference. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Cision Canada
33 minutes ago
- Cision Canada
Manulife and CENTUM Deepen Strategic Partnership to Better Protect Canadian Homeowners Français
Renewed multi-year partnership helps deliver industry-leading mortgage insurance solutions to Canadians from coast to coast. TORONTO, Aug. 20, 2025 /CNW/ - Manulife Canada and Centum Financial Group Inc. (CENTUM) are proud to announce the renewal and expansion of their longstanding partnership. This renewal highlights a shared commitment to empowering CENTUM's national network of mortgage professionals with innovative financial solutions that help Canadians protect their homes, families, and financial futures. As part of our enhanced partnership, Manulife and CENTUM are excited to introduce new retirement savings opportunities for CENTUM agents, building on CENTUM's long-standing offerings of Manulife's flexible mortgage lending options and trusted insurance protection. "Together with CENTUM, we're helping Canadians safeguard their homes and families with solutions that are simple, personal, and built for real life," said Pamela Wong, Head of Affinity at Manulife Canada. "At Manulife, we're dedicated to supporting Canadians in the moments that matter most. We proudly support the advisors and brokers who guide clients every day, as well as the Canadians who trust them to help build and protect their dreams. This partnership is one example of how we're bringing this commitment to life." Leveraging CENTUM's trusted mortgage advice and Manulife's expertise across Wealth and Asset Management, Manulife Bank and Affinity, this partnership helps provide comprehensive mortgage and financial protection for families and homeowners, securing their futures with confidence. Here's how Manulife and CENTUM are unlocking a broader range of products and services to support mortgage professionals and the Canadians they serve: Strengthening Commitment to Mortgage Protection Plan (MPP): CENTUM agents will continue to offer Manulife's Mortgage Protection Plan (MPP) – a life and disability insurance product designed to help clients protect their families, homes, and savings. MPP provides peace of mind for homeowners by covering mortgage payments in the event of life's unexpected events. Anchoring the client relationship: Manulife Bank mortgage solutions, including Manulife One, give brokers a powerful starting point with clients at the mortgage stage-where the relationship begins and opportunities for protection and planning naturally follow. Investing in brokers: On September 1, CENTUM agents will gain access to a new Group RRSP program offered through Manulife and administered through CENTUM's proprietary DirectPay platform-supporting their own long-term financial goals alongside those of their clients. "As momentum at CENTUM continues—recently being named 'Network of the Year' at the Mortgage Awards of Excellence—we remain focused on helping our Brokers and Agents succeed," said Adrian Schulz, President of Centum Financial Group Inc. "Together with Manulife, we're delivering products that protect clients while helping our Brokers build sustainable, profitable mortgage businesses." This continued collaboration between Manulife and CENTUM underscores the ongoing journey to better serve Canadian homeowners and supporting mortgage professionals across the country. To learn more about this partnership please visit About Centum Centum Financial Group Inc. is one of Canada's leading mortgage networks, supporting over 2,000 mortgage professionals from coast to coast. With a commitment to technology, compliance, and agent success, CENTUM empowers its members to build strong, client-focused businesses in today's evolving financial services landscape. Learn more at About Manulife Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit
