Canadian Press reports that the number of Toronto area home sales have dropped year to year. Prices were down on average some 4.1 per cent to $736,783 from $768,351. “It is not surprising that home prices in some market segments were flat to down in January compared to last year. At this time last year, we were in the midst of a housing price spike driven by exceptionally low inventory in the marketplace,” said Jason Mercer, of the Toronto Real Estate Board.
LULULEMON
And shareholders are calling on Athletica for more disclosure surrounding the abrupt departure of its chief executive who it says “fell short” of the Canadian “athleisure” company’s conduct standards. The Lululemon company is staying quiet after saying CEO Laurent Potdevin has left the firm and is no longer on its board of directors. In a filing to the US Securities and Exchange Commission, Lululemon said it will pay Potdevin $5-million over a year and a half in exchange for, among other stipulations, agreeing not to sue.
