Daily SumUp

For more than 350 years it's been Canada’s oldest corporate entity and one of the country’s most recognizable retail brands.

Now the Wall Street Journal is reporting that the Hudson’s Bay Company is preparing to file for bankruptcy within days, citing anonymous sources.

If so, the move would mark a dramatic downfall for a company that traces its roots back to 1670, pre-dating Confederation by nearly two centuries.

Hudson’s Bay was more than just a department store — it was an institution that shaped Canada’s history, from its origins in the fur trade to its role in Western expansion. The company once controlled vast swaths of land, operated its own trading posts, and even issued its own currency.