12:30 Daily TSX Market Update | June 03, 2025 - video Dailymotion

The Market Online shares the latest stock market news.

Transcript

00:00The Hudson's Bay 355-year era ended this past weekend, as the doors to all 96 Hudson's

00:13Bay stores officially closed.

00:15The company returned to court this morning to seek approval for a $30 million deal it

00:19signed with Canadian Tire.

00:21The deal allows Canadian Tire to buy the rights to Hudson's Bay intellectual property, which

00:26includes its name, its coat of arms, and its iconic stripes.

00:30Court documents have also shown the deal includes the Bay's distinctly home brand, its Hudson

00:35North apparel line trademarks like Bay Days, and the Zeller's catchphrase, the lowest price

00:40is the law.

00:41Canadian Tire was last, trading at $172.72.

00:47On the mining front, Vancouver-based Artemis Gold has officially opened Canada's newest

00:51gold and silver mine.

00:52Located in Vanderhoof, British Columbia, Blackwater mine was built in 22 months at a cost of $1

00:58billion.

00:59KPMG's 2020 impact study estimated the mine would contribute $13.2 billion to the provincial

01:05economy over its life.

01:07The mine is designed to be one of the lowest greenhouse gas-demiting open-pit mining operations

01:12in the world.

01:13Artemis Gold is down over a percent, last trading at just under $24.70.

01:17That is your market update from downtown Vancouver, I'm Karina Robertson.