Tag: small business news

Bed Bath & Beyond Canada is going out of business, closing 54 stores

Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a US bankruptcy.

The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the consultancy website Alvarez & Marsal showed. Alvarez & Marsal has been appointed as a monitor of the business in the Canadian court case.

The Canadian business does not have the “capacity or ability to independently effect a recapitalization or restructuring of the Canadian operations without

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Earls to launch new restaurant banner: Birdies Eats & Drinks – Business News

Vancouver’s Fuller Family is readying to launch in June a new restaurant banner: Birdies Eats & Drinks, with a first location in Burnaby.

Its plan is to soon close its 26-year-old Earls Kitchen + Bar location at 3850 Lougheed Highway in Burnaby, do extensive renovations and reopen the site as its first Birdies restaurant, Earls CEO Stan Fuller told BIV.

The chain will also open in mid-February a new Earls location at the nearby upscale Brentwood Town Centre, which is

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It’s not necessary for everyone. Here are the rules.

Not everyone is required to file taxes, but most Americans are and are likely to file taxes.

Of the 176.2 million individuals and married couples who could file a tax return in 2020, about 144.5 million of them filed a tax return, according to the nonpartisan Washington think tank Tax Policy Center. Whether you need to file your taxes depends mostly on your income, filing status, and age. In special situations, you may have to file a tax return regardless of your income, though. For example, if you have net earnings of at least $400 from self-employment, you’re required to

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BC brokerage caught violating freeze order on $1.4M accounts – Business News

BC brokerage fined

Graeme Wood / Glacier Media – | Stories: 408048

Vancouver brokerage firm Haywood Securities must pay a $50,000 fine after the BC Securities Commission said it “inadvertently” allowed an account holder to make trades through one of his frozen accounts.

In 2019, the commission had frozen accounts holding $1.4 million.

“Haywood violated the freeze order by inadvertently allowing an account holder to make six purchases in one of his frozen accounts and four transfers between different frozen accounts in 2019 and 2020. One of those trades led

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Microsoft reports outage for Teams, Outlook, other services – Business News

Wide Microsoft outages

The Associated Press – | Stories: 408108

Microsoft said it’s seeing some improvements to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.

In a status update, the tech company reported “service degradation” for a number of its Microsoft 365 services.

Thousands of users reported problems with Teams, Outlook, the Azure cloud computing service and XBox Live online gaming service early Wednesday on the Downdetector website, which tracks outage reports. Many users also took

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Ottawa SoPa: Business owners want to rebrand part of downtown

Have you been to SoPa? Business owners and restaurateurs have come up with a catchy name for the area directly south of Parliament Hill with a goal to create buzz.

When Courtney Flood sat down for lunch with colleagues on Monday at OCCO Kitchen in Ottawa’s downtown, the group didn’t know they were in SoPa.

“I like the name. I feel like you need to name a few neighborhoods in the same way in order to kind of get it to stick but, I mean, don’t hate it,” she said.

“I think ‘SoPa’, the south of Parliament area, is just

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British Columbians slipping deeper into debt – Business News

British Columbians are more anxious about their debt situation while an increasing number is slipping deeper into debt by paying only the minimum balance on their credit cards, according to a new MNP Consumer Debt Index report released this morning.

The news follows recent data from Canada’s Office of the Superintendent of Bankruptcy that the number of insolvency in BC was at a more-than-three-year high in November: 974.

Only 52 per cent of British Columbians are confident that they will be able to cover their expenses in the next year without going further into debt, according to a

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‘We can expect mortgage rates to go down’ [Video]

Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month.

“Mortgage rates have declined by almost a full percentage point since they peaked in November,” Melissa Cohn, vice president for William Raveis, a real estate brokerage firm, told Yahoo Finance Live (video above). “I think that we can expect mortgage rates to go down another quarter or even as much as a half a percent over the course of the next month.”

The average interest rate on the 30-year fixed mortgage has fallen by

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