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Former The Bay store in downtown Winnipeg to be given to Indigenous group

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2 years ago

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WINNIPEG — One of the landmark stores formerly run by the Hudson’s Bay Co. is about to undergo a major transformation in the name of reconciliation with Indigenous people.

The company’s six-storey, 655,000-square-foot building in downtown Winnipeg is being given to the Southern Chiefs Organization, which represents 34 First Nations communities in Manitoba.

The site will be transformed to include almost 300 affordable housing units, a museum, an art gallery and restaurants.

There are also plans for a health centre that will embrace both western and traditional medical practices.

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The official announcement is expected Friday with Prime Minister Justin Trudeau on hand.

A source with the Manitoba government, who requested anonymity because they were not authorized to speak on the record, says the province will contribute $10 million to the initiative, with the federal government and Winnipeg city hall also pitching in.

“Today can be another step forward to a brighter future, one that reflects what our ancestors dreamed of,” Grand Chief Jerry Daniels of the Southern Chiefs Organization said in a press release Thursday.

“This project is an act of reconciliation and is our vision to revitalize the heart of Winnipeg’s downtown, for the benefit of all.”

The Winnipeg store was closed in November 2020, and the municipal and provincial governments have been working to help find a new use for the site.

A major hurdle for any new development is the fact that the building dates back almost a century, has been granted heritage status and needs major renovations.

The store opened in 1926 as the Hudson’s Bay Co. was evolving beyond its fur-trading roots to become a retail giant. It was one of the company’s “original six” flagship stores and its annual Christmas displays in windows along Portage Ave. drew crowds for decades.

But it suffered as consumer habits shifted, and entire sections of the store were closed off over the years as the store scaled back.

Last year, the Manitoba government announced a $25-million trust fund to help preserve and enhance the building. The government said the money could be used for a variety of purposes including preserving the facade, structural repairs, and historical displays.

HBC had been in discussions with a number of organizations on the site’s potential future.

“HBC’s Truth and Reconciliation journey requires actions that demonstrate our commitment to moving forward together with Indigenous communities,” HBC Governor and Executive Chairman Richard Baker said in a statement Thursday.

“We believe SCO is the right steward for this location, and can create a new community landmark that will help advance reconciliation.”

This report by The Canadian Press was first published April 21, 2022

 

Steve Lambert, The Canadian Press

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Economy

5 Ways You Can Get More Control Over Your Savings Account

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7 mins ago

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November 29, 2023

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Saving for the future is important, but it can be difficult when so many day-to-day expenses arise.

 

If you’re looking to increase your savings in your account, keep reading to learn five strategies to help you save money and reach your financial goals:

 

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1. Automate Your Savings

An easy method to save is to automate the process. This means setting up a direct deposit from your paycheque into your savings account.

 

Automating your savings ensures you don’t have access to the money immediately, making it less likely that you’ll use it.

You can also set up automatic transfers between your chequing account and your savings account.

 

2. Make a Budget

Creating a budget is one of the best ways to get control of your finances and make sure you’re saving enough each month. It can be challenging at first, but budgeting can become second nature once you get the hang of it.

 

To create a budget, start by listing all your monthly expenses like rent or mortgage payments, utilities, groceries, etc. Then figure out how much money you have left over after those expenses are paid and set aside that amount as your designated savings account fund.

In the future, try to stick to that budget as closely as possible to maximize your savings.

 

3. Cut Back on Expenses

Cutting back on expenses may mean eating out less, shopping less, or eliminating unnecessary subscriptions and memberships.

 

We all have guilty pleasures when it comes to spending money but cutting back on these little luxuries and redirecting that money into savings can be beneficial in the long run.

Whatever your strategy, find ways to reduce your spending so you can have more money to put into savings.

 

4. Save your Bonus Cash

Don’t spend it all when you get a raise at work, receive a tax refund, a bonus, or even a windfall from friends or family.

 

Allocating that money directly into savings instead of spending it on something frivolous can make a difference. Even if it’s only a few dollars here and there— every bit counts.

 

5. Take on Opportunities

If you’re looking for a more significant boost in saving power, consider taking on additional job opportunities such as freelance work or side gigs.

 

The income from these jobs can help build up your savings even faster than just using the methods above. Plus, other jobs often offer unique experiences and skills that could benefit future opportunities down the road.

 

Patience is Key

Increasing the amount of money in your savings account takes time and patience.

Automating transfers into your savings, making a budget, cutting back on expenses, saving bonus cash are great ways to build up that nest egg.

 

With these strategies in place and some dedication from yourself—you’ll be watching those saved dollars add up before you know it.

 

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Economy

Can You Get Money Online to Pay for Last-Minute Gifts?

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41 mins ago

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November 29, 2023

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Personal Loans with the Lowest Interest Rates

Picking out gifts for friends and family is exciting and rewarding, but it can become stressful if you run low on funds right before a gift-giving holiday. Finding money online to pay for last-minute gifts can be challenging, but it’s possible with some creativity and resourcefulness. Here are some ways to make money online so you can still get those special presents for your loved ones.

 

Get a payday loan

A payday loan is a short-term, high-interest loan that you can use for anything from bill payments to last-minute gift shopping. You can easily find payday loans online that provide applicants with up to $1,500. The best part is that you can easily apply for a payday loan online, and most applications are processed the same day, so you get the funds you need within hours of approval. The lender typically withdraws the amount you’ve borrowed plus a fee from your account on your next payday – so you can repay the loan using your next paycheck and not worry about ongoing monthly payments.

 

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Sell unwanted items

Whether you’re a recovering shopaholic with a closet full of clothes or a comic book collector with extra issues – new online e-commerce and resale platforms make it much easier to sell items you no longer need. It’s easy to list items on eBay, Facebook Marketplace, Depop, or Craigslist and find a buyer willing to pay the right price. It may take time to find a buyer if you’re selling niche or collector’s items, but more everyday items like clothing, old electronics, and on-trend accessories can sell more quickly if you use the right platform and market correctly.

 

Gig work and freelancing

The gig economy is booming and has created many opportunities for people looking to make money on fast-turnaround projects. Sign up for freelancing platforms like Upwork, Fiverr, or Freelancer to offer your skills and services to earn extra money in your free time or on weekends. You can find freelance work in content writing, graphic design, web development, and more. Most platforms are free to join and easy to use.

 

Affiliate marketing

Becoming a brand affiliate is a great way to monetize your content if you have a sizeable and loyal social media presence. Many brands allow you to sign up for their affiliate program and offer a discount coupon code or unique link for your followers to use. You’ll receive a small commission for every customer who uses your code or link to complete a purchase.

 

Become a virtual assistant

Anyone with strong administrative or organizational skills can offer their services as a virtual assistant to businesses and entrepreneurs. You can seek out opportunities on professional networking platforms or job boards. Your tasks may include organizing meetings, making travel arrangements, compiling reports, data entry, organizing meeting notes, and more. You can seek opportunities that let you leverage any special skills you have, such as experience with data analysis or social media marketing.

 

Once you’ve found a path that works for you, remember to find sales, promotional offers, and discount coupons to make gift shopping easier on your wallet.

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News

In the news today: Canadian housing, health-care woes fuelled by higher immigration? – National Post

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11 hours ago

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November 29, 2023

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The Canadian Press

Published Nov 29, 2023  •  4 minute read

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Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today…

Canadians link immigrants and housing crisis: poll

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A large majority of Canadians agree that higher immigration is fuelling the housing crisis and putting pressure on the health-care system, a new Leger poll suggests.

New federal voting intention numbers from the polling firm also show that the Conservatives are maintaining their sizable lead over the governing Liberals.

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The polling, conducted from Friday to Sunday, found that about three-quarters of respondents agreed the increase in immigrants is adding strain to both the housing market and health-care system.

Nearly two-thirds of respondents, or 63 per cent, said the volume of newcomers is also adding pressure to the country’s education systems.

But the poll shows that Canadians see some benefits to higher immigration, too.

Convoy trial hears conspiracy arguments

The lawyers in the criminal trial of two “Freedom Convoy” organizers are expected to continue their debate today over whether Tamara Lich and Chris Barber were co-conspirators in the protest.

Both are charged with mischief and intimidation, among other charges, for their role in the early 2022 protests against COVID-19 public-health restrictions.

The Crown intends to prove that the two conspired together so closely that evidence against one should also apply to the other.

The defence has already spent two days arguing to the contrary.

Defence lawyers say the actions of the protest organizers weren’t inherently illegal, and there is no evidence linking them to anyone else’s illegal actions.

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Mediators try to extend Gaza truce, which could expire within a day

With hours left to go before a truce in Gaza expires, international mediators worked to extend it in order to facilitate the release of militant-held hostages and Palestinians imprisoned by Israel. The cease-fire has paused the deadliest fighting between Israel and Palestinians in decades.

Israel has agreed to extend the truce, which was originally set to expire on Monday, by one day for every 10 hostages freed, and Hamas is expected to release another group of hostages later today.

Meanwhile, four-year-old Abigail Edan was discharged from the hospital late on Tuesday night, following her release after more than 50 days as a hostage in Gaza.

Abigail, an Israeli-American dual citizen, was the first U.S. hostage to

be released under the cease-fire.

She marked her fourth birthday in captivity.

Both of her parents were killed in the Hamas attack that started the war on Oct. 7.

Man arrested in alleged historic sex assault

A Saskatchewan man has been arrested and charged in a case of historic sexual assault that police say involved three boys under the age of 12.

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The Mounties say after receiving a report earlier this month they launched an investigation into the allegations, which stem from interactions during the mid-2010s.

They say a 46-year-old man from the southern Saskatchewan town of Assiniboia was arrested Monday and faces 13 charges, including three counts of sex assault, three counts of sexual interference and one count of possession of child pornography.

RCMP say he was arrested without incident at a residence where a home-based daycare was found to be operating.

The suspect has been remanded into custody and is set to appear in Moose Jaw provincial court on Wednesday morning.

Ontario to release science centre ‘business case’

The Ontario government is set to release its long-promised “business case” today for moving the Ontario Science Centre from its current east Toronto location to Ontario Place, on the city’s waterfront.

When Premier Doug Ford announced updates in April to his government’s plans to redevelop Ontario Place, it included moving the science centre and Infrastructure Minister Kinga Surma cited a “business case analysis” as justification.

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She said the science centre’s current building is “in disrepair” and the analysis showed it would be less expensive to move the science centre downtown rather than rebuild it at the current location.

The new science centre at Ontario Place — with a planned opening in 2028 — is set to be half the size of the current one, though the government says there will be more exhibition space despite a smaller overall footprint.

Toyota makes move to help develop electric vehicles

Toyota is selling a part of its stake in components maker Denso to raise cash for its drive toward electric vehicles and other innovations, Japan’s top automaker said Wednesday.

The move is estimated to raise about 290 billion yen ($2 billion), given recent share prices. The number of shares Toyota Motor Corp. plans to sell would total more than 124 million shares, lowering its stake in Denso Corp. from 24.2 per cent to 20 per cent, while remaining the top stakeholder.

Toyota said the money will also go into developing smart-driving technology and a wide range of other initiatives ongoing in the industry.

No specific date for the sale has been given, but officials say it’s expected to happen soon.

This report by The Canadian Press was first published Nov. 29, 2023

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