Court Approves Sale of Hudson’s Bay Trademarks to Canadian Tire

This composite image shows signage of Canadian Tire, left, and the Bay. The Canadian Press/Sean Kilpatrick, Pawel Dwulit

Canadian Tire Corp. Ltd.’s historic purchase of Hudson’s Bay trademarks will go ahead after an Ontario judge granted permission for the deal.

Judge Peter Osborne says the $30-million deal was the best possible outcome given the circumstances facing the Bay.