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Stock impact report

Hudson's Bay gets another extension protecting it from creditors [Yahoo! Finance Canada]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Judge Jessica Kimmel pushed the end of the stay period, a court order that suspends any further legal proceedings, to June 30, reported Canadian Press. Before the extension, the collapsed retailer's reprieve was set to expire on March 31, more than a year after Hudson's Bay (HBC) first sought creditor protection for about $1 billion owed in debt. HBC has requested extensions to the stay period several times. Court documents said the extension would assist with auctions of the company's remaining art and artifacts and complete the distribution of hardship funds to former employees, among other things, including “pension surplus matters as applicable.” HBC boasted a collection of more than 1,700 pieces of art and more than 2,700 artifacts that “reflect the rich heritage and cultural legacy of the company,” it said in a court document from April 2025. In February 2026, an Ontario court approved the creation of a $250,000 hardship fund for former HBC employees and retirees, tappi Show less Read more
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