Nordstrom Canada liquidation sales expected to begin today as store prepares for exit
2023-03-21 Nordstrom is expected to begin liquidating its stores across Canada today. The start of the department store chain's closing sale comes a day after the U. S. retailer's Canadian branch got permission from the Ontario Superior Court of Justice to start selling off merchandise. Nordstrom's liquidation efforts are being led by Hilco Merchant Retail Solutions ULC and Gordon Brothers Canada and are expected to be complete by late June.
| Indigenous-operated licensed Starbucks Canada store breaks ground
2023-03-22 During a ceremonial ground-breaking event on Monday, the famous coffee chain and the We Wai Kai Nation broke the land where a new Indigenous-operated licensed store for Starbucks will be located in the Quinsam Reserve. “The ceremony incorporated the nation’s traditions, including K’amk’amxwaliła (Eagle Down Blessing Ceremony), Tsixw’idaliła (Shovel/Ground Breaking Ceremony), Tłalkwała (Ladies’ Dance) and Gigaxstalagaliła (Speeches by Chiefs, Dignitaries and Starbucks Canada),” the company shared in a release. This store will be operated by the We Wai Kai Nation. It will be the first Indigenous-operated Starbucks license store located on Indigenous reserve land in Canada, according to the company.
| Food inflation in Canada shows signs of easing, but grocery prices to remain high
2023-03-21 If you take a look at grocery chains like Loblaw or Sobeys, you've got multiple suppliers and multiple products which means that you've got to negotiate with your suppliers to be able to bring the pricing back in line, and that all takes time."Meanwhile, restaurant prices eased even more than grocery prices in February.Statistics Canada said food purchased from restaurants rose 7.7 per cent last month compared with a year before, down from 8.2 per cent price growth in January."People are being extra careful with their budget these days and restaurant operators are being very prudent with menu prices," Charlebois said.'They need each other': Banking crisis amps up uncertainty around TD's First Horizon deal2 Canadian Bank Stocks Unfairly Beat Up by SVB’s CollapseStop Hoarding Cash! Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldBiden Stunts Growth in China for Chipmakers Getting US FundsSVB’s Loans to Insiders Tripled to 9 Million Before It FailedUS Studies Ways to Insure All Bank Deposits If Crisis GrowsSwiss Are On the Hook for ,500 Each on Credit Suisse BailoutTheCanada's Quebec province cuts taxes, sees C billion 2023-24 deficitTORONTO (Reuters) -Canada's Quebec province on Tuesday forecast its budget deficit would narrow less than previously expected in the upcoming fiscal year as it cuts taxes and economic growth slows. The notation comes in one of three preliminary reports issued Monday by the National Transportation Safety Board about Norfolk Southern train accidents this month as the board investigates the railroad’s safety practices after the fiery FebruarSilicon Valley Bank’s deposits ‘accounted for 90% of funding, which was very high’: AnalystArgus Research Director of Financial Services Stephen Biggar discusses the state of the U.S. banking system in the wake of Silicon Valley Bank’s collapse.The federal government will limit the number of Windsor hotel rooms used to house asylum seekers at 500, Mayor Drew Dilkens said at a city council meeting Monday night. While the province is riding high on a wave of population growth, it comes with challenges of providing ho(Bloomberg) -- Russia has decided to keep its oil production at a reduced level through June, taking into account the current market situation, according to Deputy Prime Minister Alexander Novak.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldUS Studies Ways to Insure All Bank Deposits If Crisis GrowsSVB’s Loans to Insiders Tripled to 9 Million Before It FailedBiden Stunts Growth in China for Chipmakers Getting US FundsSwiss Are On the Hook for ,500Quebec budget: Income tax cuts and big drop in economic growthQuebec Finance Minister Eric Girard on Tuesday kept his party’s election promise to cut income taxes, as he projected economic growth to drop dramatically in 2023.
| Canada’s first Indigenous-owned licensed Starbucks to open at Quinsam Reserve
2023-03-22 The We Wai Kai First Nation broke ground on the first Indigenous-owned Starbucks licenced-store in Canada on March 20. “For us to have self-determination, we need to get into these partnerships and Starbucks is to us was right at the top of the list,” Chickite said.” Economically this is a big boost to our Nation. Starbucks Canada Vice President of operations and business development Shannon Leisz said that reconciliation is important to the company, and that she hoped this would be the first of many similar partnerships across Canada. “We believe that there’s an important role for businesses to play in reconciliation,” Leisz said. “We just can’t wait to have the building up and start getting customers,” Chickite said.
| Canada's stockpile of ventilators up from 500 to 27,000 after push to procure them
2023-03-22 Canada's race to procure ventilators for COVID-19 patients in the early days of the pandemic had researchers, scientists, industry and a notable astrophysicist working "night and day"to design machines that could be quickly manufactured domestically. Various efforts included a Montreal-based competition that drew global competitors and a group of scientists and engineers involving Queen's University professor emeritus Art McDonald, co-winner of the 2015 Nobel Prize in physics. Public Services and Procurement Canada said the total cost of more than 27,000 ventilators Canada stockpiled was over 7 million, including .5 million for the Mechanical Ventilator Milano (MVM), designed by McDonald's group. "Without a doubt, I think (procurement) is part of any sort of readiness or preparedness infrastructure but without adequate staff it's not really useful and we need to emphasize that human resources component more and more," said Murthy, who is a also a clinical associate professor at the University of British Columbia. McDonald was working with a global group of scientists doing a large physics experiment involving a liquefied form of argon when they decided to harness their skills to design a cheap, easy-to-operate ventilator that uses a different type of gas -- oxygen.
| Windsor grocery stores could sell liquor as part of pilot program
2023-03-21 Windsor grocery stores could sell liquor as part of pilot program Windsor Star 18 hrs ago Taylor Campbell © Provided by Windsor Star City council has agreed to participate in a pilot program that will see spirits sold in some Windsor grocery stores, but only if the provincial government approves. City council has agreed to participate in a pilot program that will see spirits sold in some Windsor grocery stores, but only if the provincial government approves. At the request of Spirits Canada, council on Monday voted unanimously to host the pilot, which will test consumer reaction to the sale of liquor alongside beer, wine, and cider in grocery stores. Currently, about 450 grocery stores in Ontario sell beer and cider, and about 225 of those sell wine. Liquor in Ontario is available at more than 670 LCBO locations that also sell beer, wine, and cider.
| Canadian Tire spring cleaning sale: Shop batteries, lightbulbs, tools & more from
2023-03-21 Just in time for spring cleaning, Canadian Tire's latest sale is the perfect opportunity to replenish your stores of sandwich bags, detergent, tools and more. Laundry detergent is a must-have in every home, so why not stock up on this Old Dutch bottle that can clean 50 loads. Short on storage? For cleaning, disinfecting, laundry and more, this bottle of Old Dutch bleach is a must-have. This wash and wax is safe to use on all vehicles, and leaves cars looking sparkling clean.
| Is live shopping the next big disruptor in Canadian retail?
2023-03-22 The clip is part of a series, each with the same young woman modelling different items, which originated in a livestream broadcast—the weird re-emergence of appointment TV’s immensely popular shopping channel offerings, but projected out into the boundlessness of e-commerce. Geoffroy Robin, chief operating officer of Montreal-based Livescale Technologies, a six-year-old company that offers live shopping services to global brands like L’Oreal, says a rapidly growing number of vendors are embedding “live” into their own websites, many featuring pros with experience selling on live TV who can host “events,” in some cases 12 to 14 times a day. Service firms like Livescale, which offer live shopping services for big brands, scout for influencers, provide technical support and help vendors create “engagement,” such as polls, chat or other features. Robin urges retailers and vendors to experiment with this channel, and to try out a handful of live shopping events to see what sticks.
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