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Hudson’s Bay Battles Lender Over Ruby Liu Lease Deal in Ontario Court

Hudson’s Bay Co. is pushing back against a motion filed by its senior lender, Restore Capital LLC, which seeks to terminate a controversial lease sale to billionaire Ruby Liu. The retailer has asked the Ontario Superior Court to dismiss the motion, arguing that the deal represents its best chance to recover funds for creditors amid its ongoing liquidation. The dispute centers on Hudson’s Bay’s plan to sell up to 28 store leases—25 of which remain pending court and landlord approval—to Liu’s company, Central Walk. While three leases have already been approved for $6 million, Restore claims the remaining transaction is draining resources, citing over $18 million in rent and professional fees with no clear path to completion. Hudson’s Bay CFO Michael Culhane defended the deal, stating that Restore was fully aware of the risks and had previously supported the transaction. He emphasized that Liu has already made a $9.4 million deposit and that the sale could generate significant recoveries ...
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Choking Skies: Wildfire Smoke Blankets Central Canada and Manitoba

Much of Central Canada and Manitoba are grappling with deteriorating air quality as thick wildfire smoke sweeps across the region. Environment Canada has issued special air quality statements and warnings for areas spanning southern Ontario, Quebec, Manitoba, and Saskatchewan.

The smoke, driven by westerly winds from forest fires in the Prairies and northern Ontario, has pushed the Air Quality Health Index in cities like Toronto to “very high risk” levels. Residents are being urged to limit outdoor activities, especially vulnerable groups such as seniors, children, and those with respiratory conditions.

In Manitoba, experts warn that the air quality is “about as bad as it’s going to get,” with some areas experiencing pollution levels equivalent to smoking a cigarette after just one hour outdoors. The haze has disrupted daily life, prompting cancellations of outdoor events and raising concerns about long-term health impacts.

Authorities recommend staying indoors, using air purifiers, and wearing N95 masks if venturing outside is unavoidable. With smoke expected to linger into Tuesday, communities are bracing for continued discomfort and health risks.

This smoky episode underscores the growing urgency of wildfire management and air quality monitoring infrastructure, especially in northern and remote regions.

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