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TORONTO 鈥?The court-appointed monitor for Sears Canada is warning that its available funds are running low and there may not be enough time to reach an acceptable deal with a buyer group headed by its executive chairman, Brandon Stranzl.In its third report to Ontario Superior Court, the monitor says Sears Canada is losing money on a w
stanley sverige eekly basis but will have enough liquidity to fund operations to Nov. 7 鈥?subject to agreement of its restructuring lenders.It says the Stranzl group initial proposal to buy the business as a going concern would provide unsecured creditors with les
stanley travel mug s than would sales of the Sears Canada assets piece by piece and liquidation of its remaining inventory. ARTICLE CONTINUES BELOW The report, dated Oct. 2, says a lawyer for the Stranzl group has indicated that a revised proposal will be submitted.It also says an extension of court protection until Nov. 7 would provide Sears Canada with more time to decide which major steps to take. The current court protection ends Wednesday. ARTICLE CONTINUES BELOW The Stranzl Group Proposal as currently presented may not be executable within the timeline and liquidity available to Sears Canada , the report says.The monitor supports the company request for permission to sell some business assets 鈥?notably t
stanley cup he Corbeil franchise chain, the SLH Transport operation and the Viking appliance brand. Gfgv North American stock markets end week lower again
Starting next month, people living outside of Toronto will no longer be allowed reserve skating times on the citys outdoor rinks.The citys park, forestry and recreation division said Tuesday that it had received a number of complaints to its customer service phone lines over the holidays about non-Torontonians making skate reservations online.Starting Feb. 3, people living outside of Toronto will no longer be able to do that. ARTICLE CONTIN
stanley cup UES BELOW Since its 54 outdoor rinks opened in late November, the city
stanley mug has received more than 735,000 online skating reservations. Around 18,000 of those reservations 鈥?fewer than 2.5 per cent鈥?were people who dont live in Toronto, according to the city.Out-of-town residents coming to use Toronto facilities during a provincial stay-at-home order is a marked reversal from earlier in the pandemic when municipalities surrounding
stanley cup Toronto 鈥?including cottage country 鈥?complained about locked-down city-dwellers fleeing to their wide open spaces. ARTICLE CONTINUES BELOW Skating has become a contested activity around the GTA under the provinces latest lockdown. Vaughan city council will vote on a motion to reopen its outdoor rinks after the city closed them in response to the stay-at-home order. Stouffville briefly closed its outdoor rinks on Jan. 15, only to reopen them three days later. Similarly, Newmarket reopened its rinks shortly after imposing a 48-
