Live news: Indigo founder Heather Reisman returns as CEO
Indigo Books & Music Inc. says founder Heather Reisman has returned to the retailer as chief executive officer.
She fills the void left by the abrupt resignation of Peter Ruis from the top job earlier this month.
Reisman had served as chief executive until last year, when Ruis took over, and retired from the Indigo board last month.
As part of her return to the company, Reisman was also reappointed to the board.
The retailer also announced that Craig Loudon, Indigo’s chief financial officer, has been appointed chief operating officer.
In his new role, the company says he will continue to act as the chief financial officer and lead the finance team.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
The national housing agency says the seasonally adjusted annual rate of housing starts in August came in at 252,787 units compared with 255,232 in July.
The decrease came as the rate of urban housing starts fell one per cent to 233,075 units in August.
The pace of multi-unit urban starts decreased one per cent to 191,250, while the rate of single-detached urban starts rose two per cent to 41,825.
The annual rate of rural starts was estimated at 19,712.
The six-month moving average of the overall monthly seasonally adjusted annual rate of housing starts was 244,507 units in August, up 0.8 per cent from 242,552 in July.
BMO Financial Group plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.
The decision will also trigger an unspecified number of layoffs in Canada and the U.S., the Bank of Montreal said.
It comes after the company’s bad debt provisions
Read more on financialpost.com
