Grant Thornton was appointed Monitor. © Copyright 2020 iPolitics. Canada has also seen an uptick in energy bankruptcies, especially after facing years of stiff competition from U.S. shale producers. Number of stores: 492. The 30 retailers and restaurant chains that filed for bankruptcy in 2020. South Korea has managed to keep bankruptcies in 2020 near year-earlier levels. KPMG was appointed receiver. In the first half of 2020, more than 3,600 companies filed for bankruptcy, according to Epiq. — Canadian doctors demand new COVID strategy: A group of doctors and infectious disease experts is urging Canada to adopt a new and more aggressive strategy to get COVID-19 cases way down, as communities across the country continue to surpass infection records. The total number of insolvencies (bankruptcies and proposals) in Canada increased by 8.7% in January 2020 compared to the previous month. SpaceX launched four astronauts to the International Space Station. After attempting to regain sales numbers without success, more retailers in Canada are expected to file for bankruptcy protection in the fall, according to Mr. Louis. With assets of roughly $16.2 billion and liabilities of $11.8 billion, the filing represents the fourth-largest bankruptcy by assets so far in 2020, above that of Intelsat. — Bankruptcies spike: Economists are warning the Canadian economy could soon face a wave of insolvencies, which jumped by nearly 20 per cent in September and could continue their upward trajectory. The 30 retailers and restaurant chains that filed for bankruptcy in 2020. Counsel is McMillan for the company, Bennett Jones for the debenture holders and Chaitons for the proposal trustee. Earlier in the year, AMC warned that it could run out of cash by the end of 2020 or early 2021. 10 new cases of COVID-19 found in Nunavut, 7 residents have died at Scarborough long-term care home battling COVID-19 outbreak, Canada’s ‘generous’ COVID-19 income supports vastly outpaced other developed nations: OECD, Transport Canada suspends six employees without pay over racist email, Fiscal update will sketch out spending plans for post-pandemic recovery phase, How federal parties might prepare for a no-contact pandemic election, ‘It’s time for the hammer’ to get second wave under control: Dr. Sharkawy, Pandemic disruptions create difficult challenges for people with cognitive issues, Bob Rae calls on UN to investigate evidence of genocide against China’s Uighur minority, Mexico’s Andres Manuel Lopez Obrador commiserates with Trump over election strife, U.S. election: What the end of the Trump era could mean for Conservatives in Canada, Not every Trump voter is racist or misled. But you wouldn’t be able to tell based on its recent trajectory. For the period from March to August, the Group's revenues were approximately 83% below projected revenues for that period. — World’s largest trade bloc is born: Fifteen countries in the Asia-Pacific region agreed to form a new trading bloc in what’s being seen as a win for China. Canada’s outlier trucking bankruptcy reveals millions owed to U.S. lender (with video) Nate Tabak, Border and North America Correspondent Follow on Twitter Wednesday, October 16, 2019. records list. — China finds coronavirus on imported meat: Chinese authorities in Jinan and two other cities said they found coronavirus on imported beef, tripe, and pork. TORONTO -- Home decor chain Pier 1, Carlton Cards and Forever 21 are simply the latest in a growing list of retailers closing their doors in Canada or filing for bankruptcy. Last year sent 17 major retailers into bankruptcy…

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