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Funding extended for three more years – with a catch: http://www.saultonline.com/2015/03/acr-funding-extended-for-three-years/
From the Sault Star: http://www.saultstar.com/2015/03/31/funds-comes-through-for-passenger-rail
And this just in: CN to continue operating – Thursdays train to depart as planned: http://www.sootoday.com/content/news/details.asp?c=89109
CN to continue operating until a suitable handover can be completed to Railmark.
More detail – seems CN will continue service for a few weeks: http://www.saultstar.com/2015/04/01/train-service-will-continue-uninterrupted
The first Railmark train operated today: http://www.sootoday.com/content/news/details.asp?c=91121