There are three components to the test to be applied on a motion to stay: (1) An assessment of the merits of the case to ensure that there is a serious issue to be tried; (2) An assessment of whether the moving party would suffer irreparable harm if the stay is not granted; and (3) An assessment as to which of the parties would suffer greater harm from the granting or the refusal of the remedy pending a decision on the merits. Sherman v. Drabinsky  O.J. No. 2735.
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