A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and raised its full-year outlook. Nordstrom CEO Erik Nordstrom said the company has experienced a surge in demand from shoppers refreshing their closets for “long-awaited occasions.” … Read more
The ruble’s rebound has left it more than 30 percent stronger against the dollar than it was before Russia invaded Ukraine. The ruble’s blistering rebound picked up pace on Monday, ratcheting up pressure on Russia to ease a key capital-flow control that’s underpinned the currency’s recovery. With the gains now threatening to hurt budget revenue … Read more
Ukraine and Russia export a large chunk of critical food supplies to the international community, but Russia’s war in Ukraine has either interrupted or threatens to halt much of that flow. The head of the United Nations World Food Program (WFP) is telling billionaires it’s “time to step up” as the global threat of food … Read more
The baby formula shortage in the United States continues to affect the Canadian market with many parents taking to social media to try and find the formula needed for their infants and toddlers. Sylvain Charlebois, director of the agrifood and analytics labs at Dalhousie University in Halifax, told Global News that Canada is not immune … Read more
Stephen Poloz, Bank of Canada governor from 2013 to 2020, in December, 2021.Ashley Fraser/the Globe and Mail Former Bank of Canada governor Stephen Poloz said that Canada is heading into a period of slowing growth and high inflation known as “stagflation” – although he said that this won’t necessarily last long nor result in an … Read more
An email encouraging members of the Canadian Armed Forces to consider contacting Habitat for Humanity if they can’t find affordable housing is casting a spotlight on a growing challenge facing many military personnel and their families. The email was sent by a senior officer at 19 Wing Comox to other members at the Royal Canadian … Read more
Canada has begun supplying the world with critical minerals to a greener economy with the country’s first rare earth mine delivering concentrated ore. “Canada and its allies are gaining from the rare earth supply chain from China independence,” said David Connelly of Cheetah Resources, which owns the Nechalacho Mine southwest of Yellowknife in the Northwest … Read more
The rising cost of living has been top of mind for many in Nova Scotia as the price of basic needs like housing, groceries and gas continue to increase while wages fail to keep up. The economic crunch is being especially felt by youth and young adults, who have had less time to settle into … Read more
The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Deere — The stock plummeted 14.1% after Deere reported a miss … Read more
Boeing’s astronaut capsule reaches International Space Station in uncrewed test do-over after several failed attempts. With only a test dummy aboard, Boeing’s astronaut capsule pulled up and parked at the International Space Station (ISS) for the first time, a huge achievement for the company after years of false starts. With Starliner’s arrival late on Friday, … Read more