Watch Retail Council of Canada receiving ‘daily’ reports of violent shoplifters Video Online, on GlobalNews.ca
As the cost of living rises, retailers say they're also seeing more shoplifters, and more incidents of violent thieves. Mike Drolet speaks with one merchant who kept moving locations over safety concerns, and the growing frustration among businesses about the lack of repercussions for shoplifters.
As the cost of living rises, retailers say they're also seeing more shoplifters, and more incidents of violent thieves. Mike Drolet speaks with one merchant who kept moving locations over safety concerns, and the growing frustration among businesses about the lack of repercussions for shoplifters.
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Canada's BMO to close indirect retail auto finance business, flags job lossesBy Nivedita Balu TORONTO (Reuters) -Bank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a ...
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Canada's BMO to close indirect retail auto finance business, flags job lossesMarket News
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Canadian lender BMO to wind down retail auto finance businessBank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada's third largest bank said on Saturday. The move, applicable in Canada and the United States, comes after BMO's bad debt provisions in retail trade surged to C$81 million ($60 million) in the quarter ended July 31 compared with a recovery of C$9 million a year ago, in a sign of growing stress consumers face from a rapid rise in borrowing costs. 'By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest,' BMO said in a statement to Reuters.
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Canadian lender BMO to wind down retail auto finance businessBy Nivedita Balu TORONTO (Reuters) - Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a ...
Read more »
Bank of Montreal to close retail auto finance business, flags job lossesThe move comes after BMO’s bad debt provisions in retail trade surged to $81 million in the quarter and is a sign of growing stress consumers face from a rapid rise in borrowing costs
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Bank of Montreal to close retail auto finance business, flags job lossesBy Nivedita Balu TORONTO (Reuters) -Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move ...
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