Hudson’s Bay’s proposed liquidation is still on hold as the company works to address its differences with landlords and other stakeholders after filing for creditor protection earlier this month. The department store chain that holds the title of Canada’s oldest company asked an Ontario court Monday for permission to close all 80 of its stores,

Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week.

Hudson’s Bay is older than Canada. It was established in 1670 as a fur trading company under a royal charter from England’s King Charles II. At its height, it controlled vast parts of what would become Canada, operating trading posts and engaging in commerce with First Nations.