It’s crunch time for Concordia International Corp. With the junk-rated Canadian drug-maker facing two October interest payments, pressure is building for it to reach a debt-restructuring agreement with key bondholders. S&P Global Ratings downgraded Concordia on Sept. 18, citing its "unsustainable" capital structure and forecasting a “highly probable” likelihood of a restructuring or distressed exchange, Bloomberg News reported.

Struggling retailer Sears Canada Inc’s top executive is negotiating a private-equity backed deal that could be valued at more than C$650 million ($533 million), citing people familiar with the matter, Reuters reported on a Wall Street Journal story. The retailer’s Executive Chairman Brandon Stranzl last month stepped away from day-to-day operations to focus on plans for the company, which filed for creditor protection in June.

Fairfax Financial Holdings Ltd. is prepared to inject as much as 5 billion rand ($386 million) to pay off bank debt owed by AfriSam Group Pty Ltd. and help South Africa’s second-biggest cement producer clinch a tie-up with larger rival PPC Ltd., according to two people familiar with the matter. The money from the African unit of the Canadian insurer will be used to repay bank loans and allow AfriSam to push through a new offer to PPC, according to the people, who asked not to be identified because the details are private, Bloomberg News reported.

Sears Canada Inc.’s top executive is preparing an offer to save the bankrupt company from liquidation, The Wall Street Journal reported. Executive Chairman Brandon Stranzl intends to submit an offer for Sears Canada that would preserve the company as a going concern, according to a Wednesday memorandum filed in its insolvency proceedings. The retailer filed for protection from creditors in June under the Companies’ Creditors Arrangement Act, Canada’s equivalent of chapter 11 bankruptcy.

At least four individuals have filed whistleblower complaints with Canadian securities regulators alleging fraud at a multibillion-dollar investment firm and its publicly traded lending arm, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Catalyst Capital Group Inc., one of Canada’s largest private-equity firms, is accused in the complaints of artificially inflating the value of some of its assets and deceiving borrowers about the terms of loans it made, The Wall Street Journal reported.

A battle over whether energy-company creditors should help pay for cleaning up thousands of abandoned oil wells in Canada may be heading to the country’s Supreme Court, Bloomberg News reported. At the center of the dispute is Redwater Energy Corp., a small publicly traded oil producer in Alberta that filed for bankruptcy in late 2015. The receiver that’s liquidating the company argues it should be able to sell its best wells and leave the worst behind for an energy industry-funded group to clean up.

Sears Canada Inc was granted court approval on Thursday to proceed with a sale process that would allow the retailer to consider a range of potential deals, according to court documents. A report by the court-appointed monitor FTI Consulting posted on its website on Wednesday said that more than 20 parties have signed non-disclosure agreements with Sears Canada as part of the planned sale process, Reuters reported.

Sears Canada Inc majority shareholders including Edward Lampert, ESL Investments Inc and Fairholme Capital Management LLC are seeking access to internal documents related to its restructuring, according to a notice of motion posted on Wednesday, Reuters reported. The court motion, which will be made on Thursday in the Ontario Superior Court of Justice, comes as the court-appointed monitor FTI Consulting said more than 20 parties have signed non-disclosure agreements with Sears Canada. The retailer was still negotiating non-disclosure agreements with ESL and Fairholme.

Eddie Lampert’s efforts to keep his crumbling Sears Holdings Corp. empire out of bankruptcy court may be running out of time. Sears Canada Inc., which operates more than 200 stores, has hired advisers and is preparing to file for bankruptcy protection in Canada, according to people familiar with the matter, The Wall Street Journal reported. Sears Canada is expected to seek protection from creditors under Canada’s Companies’ Creditors Arrangement Act, the equivalent of chapter 11 bankruptcy in the U.S. A Sears Canada spokesman couldn’t immediately be reached for comment. Mr.

Canadian mortgage growth is slowing as the country’s policy makers step up efforts to cool overheated housing markets in Vancouver and Toronto. With four of Canada’s biggest banks reporting second-quarter results, the trend shows decelerating growth in home loan portfolios and, in some cases, shrinkage, Bloomberg News reported. It’s a welcome sign for officials struggling to curb house prices in two of the nation’s largest cities.