Retail apocalypse accelerates in Canada

It seems everywhere you look these days Canadian retail is either struggling or going bankrupt. In this video, we cover some of the retailers already leaving in mass as well as the affect it is having on Pension funds.

Retailers blame stiff competition and a consumer that is just not spending. Others blame the Canadian exchange rate and online sales. One thing is for certain, now that Bank of Canada has made cheap credit less accessible, this crisis can only accelerate.

---

The information provided in this video is for educational purposes only. No product or advice is being sold and the material obtained for this video is for informational fair use reference only. A list of sources and their websites is listed below.

Source/credit:

https://beta.theglobeandmail.com/report-on-business/clothing-retailer-express-to-close-its-17-canadian-stores/article34897260/?ref=http://www.theglobeandmail.com&

https://beta.theglobeandmail.com/report-on-business/wholesale-sports-chain-in-western-canada-to-close-its-12-stores/article36271202/?ref=http://www.theglobeandmail.com&

https://www.bloomberg.com/news/articles/2017-09-22/99-cents-only-s-lbo-debt-woes-tell-one-more-cautionary-tale?cmpId=yhoo.headline&yptr=yahoo

http://business.financialpost.com/news/retail-marketing/hmv-canada-to-close-all-102-stores

http://www.cbc.ca/news/business/sears-canada-ccaa-1.4172736

https://beta.theglobeandmail.com/report-on-business/toys-r-us-canada-granted-creditor-protection/article36320883/?ref=http://www.theglobeandmail.com&

https://beta.theglobeandmail.com/report-on-business/toys-r-us-canada-granted-creditor-protection/article36320883/?ref=http://www.theglobeandmail.com&

http://www.cbc.ca/news/business/sears-pension-reduced-1.4289380