As Canadians learn about the Hudson’s Bay Company’s (HBC) insolvency, the joint venture with RioCan, a major Canadian REIT, is also affected by HBC’s recent creditor protection status. Though RioCan is financially stable, its substantial partnership with HBC complicates matters. Established in 2015, the joint venture encompasses 12 properties, including contributions from both companies. HBC’s restructuring may impact RioCan’s interests, as HBC faces a liquidity crisis with significant debt. The court will decide on HBC’s restructuring plans, with implications for the joint venture’s future. HBC’s operations include 96 stores across Canada, with ongoing developments expected.