Getting caught up on a week that got away? Here’s your weekly digest of The Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.Seattle-based luxury department store Nordstrom has joined the growing list of U.S. retailers unable to turn a profit in Canada.
and take possession of those units. As Matt Lundy reports, the Landlord and Tenant Board, which adjudicates rental-housing disputes in the province, received more than 5,550 eviction applications in 2022, an increase of 41 per cent from the previous year. The surge in “own-use” filings is being driven by communities outside of Toronto.
mortgage holders are seeing their loan balances grow, as rising interest rates make it harder for them to pay off their homes, Rachelle Younglai reports. New data from CIBC show that $52-billion worth of mortgages were in a position where
They should take Walmart with them. We live in Canada not the USA
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These are the locations where Nordstrom will close its stores in CanadaNordstrom is set to close all 13 of its Canadian stores, the company announced on Thursday, resulting in 2,500 job losses. The stores, which include Nordstrom and Nordstrom Rack, are located in Alberta, British Columbia and Ontario. Canada is a second world country where major retailers can not make money there. I don't care about Nordstorm closing i think its a good thing atleast people less run behind the Brands and they should save the Money for Future, inflation rates hiting record high and peoples dont have too much money ,Go to Grocery store and check what is Condition RIGHT now.
Source: CTVNews - 🏆 1. / 99 Read more »
Nordstrom leaving Canada, closing Ottawa storesNordstrom is closing all of its stores in Ottawa as the company shuts down operations in Canada. CTV's Katie Griffin has the latest. OMG!! Where will I buy my $1000 pair of shoes now
Source: ctvottawa - 🏆 29. / 67 Read more »
Nordstrom’s exit from Canada speaks to lasting pandemic woes: Analysts - BNN BloombergNordstrom Inc.’s retreat from Canada points to company-specific issues as well as wider challenges in a beleaguered retail sector still recovering from the pandemic, according to retail analysts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »