Indigo Q3 earnings ‘severely hurt’ by Canada Post strike, says retailer’s CEO

TORONTO — Indigo Books and Music Inc. said the one-month Canada Post strike last fall “severely hurt” third-quarter earnings, contributing to a roughly 50 per cent drop in net earnings. The Toronto-based retailer revealed Tuesday that in the period ending Dec. 29 it earned $21.5 million, down from the $42.6 million it reported for the same period the year before. Indigo’s diluted […]