Nordstrom Canada Retail, Inc., Nordstrom Canada Holdings, LLC, and Nordstrom Canada Holdings II, LLC (collectively, "Nordstrom Canada"), a fashion retailer that entered the Canadian market in 2014, obtained protection under the Companies' Creditors Arrangement Act (CCAA) on March 2, 2023. Nordstrom Canada operated 13 stores, including seven Nordstrom Rack stores, and employed approximately 2,330 employees. Since its inception, the company experienced negative cash flows and losses annually, excluding financial support from its US parent. Nordstrom’s US parent and affiliates provided approximately $1.05 billion (US$775 million) in funding since 2014 to sustain operations.

High operating costs, stagnant sales growth, unfavorable exchange rates, the COVID-19 pandemic, and lack of brand awareness contributed to Nordstrom Canada's poor financial performance. After reviewing the operations and financial performance, the board of directors of Nordstrom US decided to discontinue operational and financial support. A&M was appointed as Monitor, with Osler serving as counsel for Nordstrom and Goodmans as counsel for the Monitor.