Nordstrom leaves Canada, why flights cost more for Canadians and rental evictions soar: Must-read business and investing stories

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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

 

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They should take Walmart with them. We live in Canada not the USA

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