Hudson’s Bay Bid Raises Red Flags Over Foreign Influence

Hudson’s Bay Bid Raises Red Flags Over Foreign Influence

From the Frontier Centre for Public Policy By Scott McGregor A billionaire’s retail ambition might also serve Beijing’s global influence strategy. Canada must look beyond the storefront When B.C. billionaire Weihong Liu publicly declared interest in acquiring Hudson’s Bay stores, it wasn’t just a retail story—it was a signal flare in an era where foreign investment increasingly doubles as geopolitical strategy. The Hudson’s Bay Company, founded …

Hudson’s Bay Bid Raises Red Flags Over Foreign Influence | Frontier Centre For Public Policy

Scott McGregor warns that foreign bids for iconic Canadian institutions—like a Chinese-Canadian billionaire’s move to buy Hudson’s Bay—may be more than business. They could be part of Beijing’s broader soft-power push, using culture and commerce to shift influence. In a world of rising tensions and shifting alliances, Canada must stay sharp. Protecting our heritage now means knowing who’s buying—and why.