It appears the end is near for Sears Canada.
Bloomberg News reporting this morning, Sears will seek court protection from its creditors, possibly in the next two weeks.
Sources say the filing will likely lead to Sears selling off parts of its business as it moves to liquidate its assets.
Earlier this month, Sears officials admitted they had “significant doubt” about the company's ability to pay its bills and keep operating after it failed to line up enough financing to keep it going.
Sears has lost $700 million in the last three years.