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CTV News
9 hours ago
- Business
- CTV News
B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs
A Hudson Bay Company store in Toronto is shown on Monday, January 27, 2014. THE CANADIAN PRESS/Nathan Denette New court documents show that the landlords of former Hudson's Bay properties overwhelmingly oppose the department store's sale of leases to a B.C. entrepreneur. The documents filed by a court monitor appointed to help the Bay through creditor protection say landlords representing 23 leases in a group of 25 Liu purchased won't approve the plan. Court monitor Alvarez & Marsal says the landlords have also said they will oppose any future moves that would force them to accept the lease deal the Bay signed with Liu. As well as the group of leases the landlords oppose Liu also plans to buy three real estate contracts the Bay had at B.C. malls she owns. The Bay will ask a court to approve that deal Monday. In addition to the Liu deals, Alvarez & Marsal say an unnamed party is interested in up to eight leases in Ontario, Alberta, Saskatchewan and Manitoba. It says another lease transaction the Bay signed fell through after an unnamed company refused to correct errors in an agreement and then backed away from the purchase. This report by Tara Deschamps, The Canadian Press, was first published June 19, 2025.
Yahoo
9 hours ago
- Business
- Yahoo
B.C. mall owner's push to buy 25 Hudson's Bay leases faces landlord opposition: docs
TORONTO — New court documents show that the landlords of former Hudson's Bay properties overwhelmingly oppose the department store's sale of leases to a B.C. entrepreneur. The documents filed by a court monitor appointed to help the Bay through creditor protection say landlords representing 23 leases in a group of 25 Liu purchased won't approve the plan. Court monitor Alvarez & Marsal says the landlords have also said they will oppose any future moves that would force them to accept the lease deal the Bay signed with Liu. As well as the group of leases the landlords oppose Liu also plans to buy three real estate contracts the Bay had at B.C. malls she owns. The Bay will ask a court to approve that deal Monday. In addition to the Liu deals, Alvarez & Marsal say an unnamed party is interested in up to eight leases in Ontario, Alberta, Saskatchewan and Manitoba. It says another lease transaction the Bay signed fell through after an unnamed company refused to correct errors in an agreement and then backed away from the purchase. This report by The Canadian Press was first published June 19, 2025. Tara Deschamps, The Canadian Press
CTV News
11 hours ago
- Sport
- CTV News
B.C. Lions quarterback Rourke ‘questionable' for rematch with Bombers due to injury
BC Lions quarterback Nathan Rourke (12) gets wrapped up by Winnipeg Blue Bombers' Willie Jefferson (5) during first half CFL action in Winnipeg Thursday, June 12, 2025. THE CANADIAN PRESS/John Woods SURREY — The B.C. Lions may be without their No. 1 quarterback when they face the Winnipeg Blue Bombers on Saturday. Nathan Rourke suffered a core injury against the Bombers in Winnipeg last Thursday and left midway through the fourth quarter after throwing for 249 yards with one touchdown and one interception. The 27-year-old Canadian was replaced by Jeremiah Masoli, who tossed for 84 yards with an interception as the Lions (1-1) lost 34-20. Rourke's participation in practice was limited on Tuesday, and he did not join his teammates on the field at the team's facility in Surrey, B.C., on Wednesday or Thursday, working instead with training staff on the sidelines. He was listed as questionable for the game in B.C.'s injury report on Thursday. Masoli is expected to replace him as starter against Winnipeg (1-0). The 36-year-old American signed with the Lions as a free agent in February following three seasons with the Ottawa Redblacks and eight with the Hamilton Tiger-Cats. This report by The Canadian Press was first published June 19, 2025.
CTV News
12 hours ago
- Climate
- CTV News
Two major wildfires in northeast B.C. are downgraded, leaving just one fire of note
The Kiskatinaw River wildfire burns south of Dawson Creek, B.C. in this Thursday, June 5, 2025, handout photo. THE CANADIAN PRESS/HO, B.C. Wildfire Service *MANDATORY CREDIT* Two of the three most significant wildfires in British Columbia have been downgraded and are no longer considered fires of note. They include the 263-square-kilometre Kiskatinaw River wildfire in northeastern B.C., which was deemed on Wednesday to be no longer out of control. The Pocket Knife Creek wildfire northwest of Fort. St. John, the biggest blaze in B.C. at more than 1,500 square kilometres, has also lost wildfire-of-note status, having earlier been removed from the out-of-control stage. Both fires are now considered to be held, meaning they aren't expected to grow beyond current perimeters, as fire crews get support from heavy rain in northeastern B.C. That leaves the 800-square-kilometre Summit Creek wildfire burning out of control in the northeast as the province's only fire of note — indicating that either homes are threatened or it's highly visible. The BC Wildfire Service says there is a risk of thunderstorms across central and northern B.C. on Thursday, but the province will see cooler temperatures starting Friday and into the weekend with some areas expected to get heavy rain. There are currently about 85 wildfires actively burning in B.C. This report by Brieanna Charlebois, The Canadian Press, was first published June 19, 2025.
Yahoo
13 hours ago
- Business
- Yahoo
Ontario to provide ice storm recovery funding for businesses, municipalities
The Ontario government says it's introducing two financial assistance programs to help municipalities and businesses recover from a severe March ice storm. The storm in late March left nearly 400,000 homes and businesses with power outages and damaged property as freezing rain covered parts of Ontario in layers of ice. The province says it will launch two one-time financial assistance programs to help with ice storm recovery, including one to help municipalities pay for emergency response and cleanup costs such as clearing fallen trees. The other program will provide up to $5 million for small businesses, small farms and not-for-profit organizations to pay for storm-related cleanup and essential repairs not covered by private insurance. The province did not specify how much money it has set aside for the programs, but said final amounts for business assistance will be based on the number of applicants and eligible costs, while municipal funding will be based on the eligible emergency response and recovery costs. The province says eligible businesses and municipalities will have until Oct. 31 to apply for the funding. This report by The Canadian Press was first published June 19, 2025. The Canadian Press
