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Retail Shake‑Up: Toys “R” Us Hit by Store Closures Amid Rent Disputes

  Toys “R” Us is facing a new wave of store closures as landlords across Canada claim the retailer has fallen behind on rent payments. Several property owners have filed legal actions alleging significant unpaid balances, adding pressure to a brand that has already spent years fighting to regain stability in a changing retail landscape. Multiple locations in provinces such as Ontario, New Brunswick, and British Columbia have recently shut their doors after lease terminations tied to overdue rent. In some cases, stores were closed abruptly, leaving fully stocked spaces locked and inaccessible to customers. The closures mark another setback for the company as it navigates rising operational costs, increased competition, and the ongoing shift toward online shopping. The financial strain has accelerated a broader contraction of the chain’s physical footprint. Once a dominant force in the toy industry, Toys “R” Us now faces the challenge of rebuilding trust with landlords while attem...
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Ontario Begins Issuing $200 Taxpayer Rebates

The Ontario government has started mailing out $200 rebate cheques to eligible taxpayers. This initiative aims to provide relief from the high cost of living, including the federal carbon tax and high interest rates. 

Finance Miister Peter Bethlenfalvy stated, "With Ontario families struggling due to the federal carbon tax, high interest rates, and global economic uncertainty, our government is stepping up as part of our ongoing work to keep costs down and help families make ends meet."

To qualify for the rebate, residents must have been 18 years or older and a resident in Ontario on December 31, 2023, not be bankrupt or incarcerated in 2024, and have filed a 2023 Income Tax and Benefits Return by December 31, 2024. Families receiving the Canada Child Benefit (CCB) will also get an additional $200 for each eligible child under 18.

The cheques are expected to reach families over the coming weeks, providing much-needed financial support during these challenging times.



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