Sears Shortcomings Highlight Regulatory Deficiencies
The Canadian Press conducted a survey recently of journalists, nearly 47% of whom voted the closure and controversies of Sears Canada as the 2017 Business News Story of the Year.
The public interest in the story was fuelled in no small part by its iconic status, but also the $270-million pension deficit that is unlikely to be fully serviced in light of other outstanding debts. As Michael Powell, incoming president of the Canadian Federation of Pensioners points out, it really shouldn’t be so significant,
. . . [more]Sears should not be the Canadian Press 2017 Business News Story of the Year


