Anyone have any idea what is going on with Chess in Canada?

I happened to find these articles on the Chess Federation of Canada:
http://members5.boardhost.com/ChessT...208372663.html
http://www.chess.ca/Gls/07-08GL7.pdf

Talk of restructuring, and potentially going under, borrowing money
from FIDE in order to stay afloat and make their payments to continue
to be a member?

People are speculating the Chess Federation of Canada may be going
under. I am seeing other stories regarding FIDE and the U.S Chess
Federation also (although it isn't as bad).

If anyone wonders why I am concerned about chess, and believe that
even small issues (aka, excessive drawishness on the highest level)
are important, it is because of things like this. If a game can't
support an organized association for it, it is going to have a hard
time being sustainable.

Anyone have any info and insights into this?

- Rich