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Timmins-James Bay MP Charlie Angus introduced a private member’s bill Thursday that would protect publicly funded institutions, such as hospitals and universities, from insolvency proceedings designed for commercial enterprises. ....
Newly unsealed documents show Laurentian University suggested the Companies' Creditors Arrangement Act (CCAA) to address its financial issues as early as August 2020, months before it filed for insolvency in February 2021. ....
Laurentian University in Sudbury, Ont., has officially left the Companies' Creditors Arrangement Act (CCAA) restructuring process following its insolvency in February 2021. As it was operating while dealing with its financial crisis, the school cut 76 programs and nearly 200 staff and faculty. ....
Unions representing staff and faculty members at Laurentian University want to see accountability in the wake of a new report from Ontario’s auditor general about the Sudbury, Ont., institution’s insolvency, which happened under a law that was created for private companies. ....