Judge rejects Hudson’s Bay proposal in creditor protection case

TORONTO — An Ontario judge rejected a Hudson’s Bay restructuring agreement Saturday evening, increasing the likelihood that lenders may seek to push the company into receivership.
In a written decision issued Saturday, Ontario Superior Court judge Peter Osborne said he declined to approve the agreement because it is “neither necessary nor appropriate at this time.”
The agreement wouldn’t have just given the embattled department store an April deadline to rescue its