The Thursday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Thursday, June 22
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SEARS TO SHUT DOWN DOZENS OF CANADIAN STORES: Sears Canada is slashing roughly 2,900 jobs and is to close 59 stores under a court-supervised restructuring. On the chopping block are 20 full-line locations, 15 Sears Home stores, 10 Sears Outlet stores and 14 Sears Hometown locations. The announcement came after the company was granted temporary court protection from creditors under the Companies’ Creditors Arrangement Act Thursday morning.
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