The Weyburn Review S . E . S A S K AT C H E WA N ’ S N E W S PA P E R O F R E C O R D
Vol.115 No. 05 - Weyburn, Saskatchewan
Wednesday, January 29, 2025 - 12 Pages
BUDGET APPROVED, 6.2% INCREASE
By Sabrina Kraft The 2025 Budget for the City of Weyburn was approved during City Council on January 27. This budget will include an increase of 6.20 per cent, but still keeps Weyburn with the lowest property taxes in the province for centres with a population of over 10,000. An increase of taxes of 6.20 per cent is $660,00 in revenue for the City of Weyburn. This is distributed as: facilities 2.80 per cent, public works 2.20 per cent, police services 1.78 per cent, admin and finance at 0.73 per cent, parks at 0.50 per cent, engineering at 0.26 per cent, and fire services at 0.21 per cent.
Aurora and Alyss race down the sledding hill on Confederation Drive during a bright, sunny Sunday.
- Photo by Sabrina Kraft
By Anastasiia Bykhovskaia, SaskToday.ca Canada’s largest farm and ranch retail chain, Peavey Industries LP, announced on Jan. 27 that it has obtained creditor protection under the Companies’ Creditors Arrangement Act (CCAA) from the Court of King’s Bench Alberta, and confirmed it will begin closing sales at all 90 Peavey Mart stores and six MainStreet Hardware locations across Canada, the company said in a media release on Monday evening. The closures and liquidation efforts will commence immediately. The decision follows the recent announcement of closure of 22 stores in Ontario and Nova Scotia and comes amid challenges including inflation, supply disruptions and rising costs. The decision to seek creditor protection and
close all stores was made after thorough evaluation of available options, in consultation with legal and financial advisors, the company said. The Canadian retail industry is experiencing unprecedented challenges, including record-low consumer confidence, inflationary pressures, rising operating costs and ongoing supply disruptions along with a difficult regulatory environment. These factors have created significant obstacles for businesses like Peavey, they added. “This was a profoundly difficult decision, but one that allows us to explore the best possible alternatives for the future of the company,” said Doug Anderson, President and CEO of Peavey Industries LP. “For nearly six decades, our customers’ loyalty, employees’ dedication and the resilience of the communities we serve have been the cornerstone of our business. We remain
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focused on working with our partners and stakeholders to preserve the Peavey brand and the value it represents.” The company’s immediate priority is to generate liquidity through the closure process while continuing to work with funders, partners and stakeholders to explore potential opportunities to preserve the brand, the company said. The company said closures are part of a strategy to optimize Peavey’s retail footprint by reallocating resources to markets with stronger performance and addressing underperforming locations. It has engaged Gordon Brothers Realty Services LLC, a global leader in real estate advisory, to ensure a seamless transition for employees, communities and all stakeholders involved. Continued on page 3
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CLOSE
Police respond to numerous calls
LETTER TO THE EDITOR
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Reader comments on wind turbines 5
SPORTS
Leach to receive Sask Sports award 8
REMEMBERING
Peavey Mart locations across Canada to
See page 2
RED WINGS CLAIM 1,700TH VICTORY
The Weyburn Red Wi n g s g a i n e d t h e i r 1,700th victory in their hockey history, while also snapping a seven-game Flin Flon win streak on January 24. Weyburn became the second team in SJHL history to record 1,700 wins, behind the Humboldt Broncos. See page 8
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