CHURCHILL, MB – In what may be a surprising turn of events to some, it appears that the Bay is liquidating its solid assets this year. Although many solid assets are still afloat, this marks the eleven-thousandth consecutive year that the Hudson’s Bay has done such.
A staple of the Canadian economy, Hudson’s Bay is responsible for much of Canada’s northern businesses, supporting the hunting, trapping, and fishing industries since before Confederation.
Because of this, foreign investors may be concerned about its liquidation, but they should be assured that this seems to be a regular occurrence for the 143,850,000 tonne behemoth Canadian body of water.
On an unrelated note, The Hudson’s Bay Company reported a three-fold rise in profit for 2016, and is in no danger whatsoever of liquidating.