Hudson's Bay Financial Services announces expanded portfolio with mortgage brokering and money transfer service offerings

TORONTO, Dec. 11, 2014 /CNW/ - Hudson's Bay Company is pleased to announce an expanded portfolio of financial service offerings which now includes mortgage brokering and money transfer services, adding to the suite of existing products offered  through its Hudson's Bay Financial Services Group. Through our strategic partnerships with some of Canada's leading financial services companies, customers have access to a comprehensive set of financial products that can leverage buying power and provide group rates to individuals. The addition of these services marks two new strategic partnerships, with True North Mortgage and CanadianForex, effective October 2014.

With True North Mortgage, customers receive the best mortgage rates available either online or in-person, through a large network of lenders that compete to provide the most competitive rates and terms for customers' real estate purchases. With CanadianForex, customers will receive best-in-class value when sending money transfers outside of Canada, through a large provider with significant purchasing power. All of the services offered have been integrated with the Hudson's Bay Rewards program, allowing customers to not only secure the lifestyle solutions they need, but also collect Hudson's Bay Rewards points with the purchase of any of the products or services.

"Hudson's Bay Financial Services is extremely proud of the partnerships that we have built with both CanadianForex and True North Mortgage to provide our customers with the very best value," said Imran Ali, Director Financial Services. "We work to provide savings and convenience to Canadians by taking the guesswork and complexity out of their financial decisions, and these partnerships only build on our commitment to provide a customized and trustworthy approach to customers' financial service needs."

Hudson's Bay Financial Services also offers home & auto insurance plans (through Optima Insurance Group Inc.), as well as a suite of personal insurance products, including term life insurance, accident insurance and critical illness insurance (through Canada Life), travel insurance (through SecuriGlobe Inc.), and pet insurance (through Western Financial Insurance Company).  For more information on Hudson's Bay Financial Services, or to get a quote, please visit www.hbcfinancialservices.com.

About Hudson's Bay Company

Hudson's Bay Company, founded in 1670, is North America's longest continually operated company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners – Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH – offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson's Bay is Canada's most prominent department store with 90 full-line locations, two outlet stores and thebay.com. Lord & Taylor operates 49 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world's pre-eminent luxury specialty retailers, comprises 40 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 80 U.S. stores and saksoff5th.com. Home Outfitters is Canada's largest kitchen, bed and bath specialty superstore with 69 locations. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".

SOURCE: Hudson's Bay

MEDIA CONTACT: Meaghan Gibbins, External Communications Specialist, Hudson's Bay Company, Phone: [phone], Email: [email protected]

Related Links

http://www.hbc.com