Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Fanshawe College in London, Ontario, has initiated a voluntary exit program for its full-time employees. Learn about the details and potential impacts on the institution.
Kraft Heinz names former Kellanova CEO Steve Cahillane as its new leader, replacing Carlos Abrams-Rivera effective January 1. The move comes as the food giant prepares to split into two separate public companies in late 2026.
Canadian gas producer Canacol Energy is negotiating a short-term loan as it restructures debt under creditor protection. Learn about the company's financial challenges and the potential impact on investors.
Alberta's Auditor General Doug Wylie requests over $3 million in funding for audits of 8 new health bodies, staff wage increases, and replacing 25-year-old software. Read the details.
A major review of B.C.'s health authorities will eliminate over 1,100 positions and redirect $60 million to front-line services. Learn how this restructuring aims to improve patient care.
Scotiabank reported Q4 net income of $2.2B, beating analyst forecasts. Results were boosted by global banking, despite $373M in restructuring costs tied to workforce reductions.
Canadian e-commerce giant Shopify implements workforce reductions to maintain operational efficiency despite strong financial performance and revenue growth of 26%.
Apple Inc. has eliminated dozens of sales roles in a rare organizational layoff, streamlining its approach to business, education, and government clients.
Canada Post faces unprecedented $541 million pre-tax loss in Q3 2025 amid declining mail volumes and rising costs. Learn what's behind the financial crisis.
Canadian aviation leader CAE secures a new agreement with Sweden's Saab to provide advanced training services and devices, strengthening its global position.
Bell Canada parent company BCE Inc. eliminates nearly 700 positions in a 'difficult but necessary decision' to align with its strategic growth plan and cost-saving targets.
Bell Canada announces nearly 700 job cuts as part of strategic restructuring for sustainable growth. Details on the telecommunications giant's workforce reduction plan.
Verizon is eliminating more than 13,000 positions as the telecommunications giant works to reorient its entire business strategy. Get the latest details on this significant workforce reduction.
Target's third-quarter profit tumbles 19% as inflation-squeezed shoppers reduce spending. The retailer expects sales slump to continue through holiday season while investing $5B in store remodels.
Barrick Gold Corp. announces a major management overhaul, with senior executives departing, as activist investor Elliott builds a stake and speculation about a potential breakup grows.
Bank of Nova Scotia announces major executive changes, moving chief risk officer Phil Thomas to chief strategy role weeks after initiating Canadian layoffs.
Calgary-based Canacol Energy Ltd. has obtained court protection from creditors as it pursues financial restructuring. The company filed under the Companies' Creditors Arrangement Act on November 18, 2025.
Laurentian University has implemented or is working on 81% of Auditor General recommendations two years after emerging from CCAA protection. Read about the progress.
Quebecor's TVA Group eliminates 87 television positions in Montreal due to financial challenges. Learn about the media industry restructuring and its impact.
Calgary's Baytex Energy is divesting its U.S. Eagle Ford operations in a major $3.25 billion deal, reshaping its North American portfolio. Discover the strategic implications for Canada's energy sector.
CAE's new leadership shifts strategy from aggressive expansion to cost containment. Learn how this Montreal-based company plans to streamline operations and improve financial performance.
Montreal's CAE Inc. reports a $110.6 million quarterly loss and unveils a $100 million restructuring plan focused on streamlining operations and leadership under new CEO.
Calian Group announces strategic changes including divesting non-core assets after reaching agreement with key shareholder. Learn how this restructuring will impact Canada's defense and tech sectors.
Canada Post has submitted a comprehensive restructuring plan to the federal government to address financial challenges and modernize postal services across the country.
Exclusive look at how Mark Carney's Bank of Canada implemented major workforce reductions while managing economic stability. Discover the untold story behind the central bank's restructuring during a critical economic period.
American Airlines is eliminating hundreds of management positions at its Fort Worth headquarters as part of a sweeping corporate restructuring plan aimed at streamlining operations and reducing costs.
The Manitoba government has removed Selkirk from the Capital Planning Region in a significant municipal restructuring move that reshapes regional governance in the Interlake.
Canadian media giant Corus Entertainment announces groundbreaking recapitalization strategy, converting substantial debt into shares while securing new financing to navigate evolving broadcast landscape.
Laurentian University has successfully completed the sale of the historic Bell Mansion, marking a significant step in the institution's financial recovery journey. The heritage property in Sudbury has been acquired by a local entrepreneur.