From Nordstrom sales to inflation data, here are five things to watch for in the Canadian business world in the coming week:
A court hearing is expected to be held on Monday for Nordstrom Canada to seek approval of a liquidation sale as it prepares to shutter its 13 locations by late June. The company says customers can expect to find discounted items on its racks the day after approval is received.Statistics Canada will release the February consumer price index report on Tuesday, giving Canadians its latest reading for inflation. Desjardins and RBC both forecast a drop in the inflation rate to 5.
On March 8, the central bank held its key interest rate steady at 4.5 per cent, pausing its yearlong campaign of aggressive rate hikes.Bombardier is holding its annual investor day on Thursday where it will provide an update on strategic pillars such as Bombardier Defense and aftermarket expansion, as well as the company’s environmental, social and governance objectives. Bombardier forecasts $7.6 billion in revenues for 2023, up from $6.
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