National Business

TORONTO — Hudson's Bay landlords were back in court Friday arguing a B.C. billionaire doesn't have the cash needed to launch a new retailer. Ruby Liu wants to buy 25 Bay leases for $69.1 million and open a new department store named after herself.

WASHINGTON — A United States federal appeals court ruled on Friday that many of U.S President Donald Trump's tariffs are illegal — but it allowed for the levies to remain in place as the case makes its way to the Supreme Court.

WASHINGTON (AP) — A federal appeals court ruled Friday that President Donald Trump had no legal right to impose sweeping tariffs but left in place for now his effort to build a protectionist wall around the American economy. The U.S.

TORONTO — The materials sector helped lift Canada's main stock index to finish higher on Friday, while U.S. markets were down after the release of economic data on both sides of the border.

CALGARY — Alberta is planning to ditch its long-maligned paper health cards with a new app it has dubbed the "Alberta Wallet.

VANCOUVER — Developer Westbank Corp. has sold its entire stake in the Squamish Nation's massive Senakw housing project, which broke ground in Vancouver in 2022, backed by a $1.4-billion federal loan for construction.

Zellers is making a comeback with its first new store set to open in Edmonton next week. Landlord Henry Zavriyev says Londonderry Mall in the city's north will be home to a Zellers location in a space formerly occupied by Hudson’s Bay.

British Columbia's attorney general says the province has begun to receive the initial payment from its multi-billion-dollar share of the settlement in a pan-Canadian lawsuit against big tobacco companies over health damages.

Stocks lost ground on Wall Street a day after the market hit its latest all-time highs. The S&P 500 fell 0.6% Friday. The index ended August up 1.9%, its fourth straight month of gains. The Dow Jones Industrial Average fell 92 points, or 0.2%.

OTTAWA — Ottawa's one-stop shop for businesses to pitch plans for large industrial construction projects will be headquartered in Calgary and managed by former Trans Mountain CEO Dawn Farrell, the Prime Minister's Office said Friday.