Mr. Speaker, we understand the challenges on employees and their families, and on their communities. We are monitoring the situation very closely.
Under the CCAA, companies can continue to operate and preserve jobs while negotiating a restructuring plan. It is currently under court supervision, including employees, pensioners, and suppliers.
As members know, proceedings are now before the courts and I am unable to comment on the specifics with respect to Sears Canada. However, we are monitoring the situation very closely and will continue to work with the employees and the pensioners.