The Globe and Mail reports in its Friday, May 2, edition that Canadian Tire has reportedly made a bid for some of Hudson's Bay Co.'s intellectual property, according to two unnamed sources. A Canadian Press dispatch to The Globe reports that the deadline for formal bids in Hudson's Bay's creditor protection case was 5 p.m. on Wednesday. Canadian Tire did not comment on the bid. Toronto investment manager Urbana has made a bid for the company's intellectual property, while billionaire B.C. mall owner Weihong Liu has said she would make a pitch to run some Bay stores. A source with knowledge of the process said that a strong mix of recognizable North American businesses, together with financial partners, have expressed interest. Canadian Tire fits that description, given it was founded in 1922 and is one of Canada's most iconic retailers with 1,700 stores across its banners. Canadian Tire will have competition from Urbana, which wants the Bay's intellectual property, though not its stores. "Obviously we're investing to make money, although I think many people in Canada feel that we have to stand up for Canada to a greater extent, and this is, I think, part of that," said Urbana chief executive officer Thomas Caldwell.