National Business

TORONTO — Indigo Books & Music Inc. says Peter Ruis has been promoted to chief executive, replacing founder Heather Reisman, as the retailer grapples with changing consumer habits after two pandemic years.

In 2019, Nick Smith graduated with $50,000 worth of debt — $30,000 in student loans and $20,000 with a student line of credit.

KYIV, Ukraine (AP) — The U.N.

LONDON (AP) — Liz Truss became U.K. prime minister on Tuesday and immediately faced up to the enormous tasks ahead of her: curbing soaring prices, boosting the economy, easing labor unrest and fixing a national health care system burdened by long waiting lists and staff shortages.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's housing market shifted last month as sales dropped 20 per cent year-over-year and active listings rose by 37 per cent.

HARTFORD, Conn.

TORONTO — The amount of non-mortgage debt owed by Canadians is rising, boosted by new lending and higher spending linked to inflation, according to a new report by Equifax Canada.

CALGARY — Imperial Oil says it has reached a deal with a U.S.-based industrial gas company to supply low-carbon hydrogen for its proposed renewable diesel complex near Edmonton.

TORONTO — Turquoise Hill Resources Ltd. has signed a definitive agreement that will see Rio Tinto acquire the 49 per cent stake in the miner it does not already own. The deal follows an agreement in principle the companies reached last week.

BERLIN (AP) — A union representing pilots at Lufthansa on Tuesday called off a planned two-day strike after a last-minute agreement with Germany's biggest airline in a pay dispute.