Troubled national retailer Sears Canada is casting doubts about its future.
It says it’s only been able to arrange about 109-million dollars to meet financial obligations over the next year — 66-million less than anticipated — and there’s “significant doubt” of its ability to continue as a going concern.
Sears Canada didn’t announce any plans for dealing with the financial uncertainty but says its annual meeting set for Wednesday has been postponed until an unspecified date.
There is one Sears Canada store in Regina at Cornwall Centre.
A clearance centre at Value Mall on Broad Street was closed in the spring of 2017.