consumer spending

TORONTO — RioCan Real Estate Investment Trust reported net income in the third quarter of $3.2 million, down from $137.6 million the year before, attributing the drop to a net fair value loss on investment properties.The…

Canadians are increasingly vulnerable to ``payment shock'' as higher household debt levels collide with oversized interest rate hikes.The Bank of Canada raised its key lending rate by three-quarters of a percentage point Wednesday,…

TORONTO – The heads of Canada's biggest banks say rising interest rates are starting to have their intended effect of slowing demand but that for now they continue to notch growth.Speaking at an investment conference in Toronto on…

TORONTO – Equifax Canada says total consumer debt rose to $2.32 trillion in the second quarter, up 8.2 per cent compared with the same quarter last year.The report by the credit rating agency says increases in new lending and higher…

TORONTO — RioCan Real Estate Investment Trust executives say the business can weather economic headwinds even after reporting its second-quarter net income was almost halved since last year.While a near 40-year high inflation level is…

TORONTO – RioCan Real Estate Investment Trust is seeing strong demand for retail space, even as companies work to recover from the effects of COVID-19 and cope with rising inflation.Jonathan Gitlin, the real estate company's chief…

TORONTO – RioCan Real Estate Investment Trust is ``pruning'' its tenant mix to ensure malls and other retail spaces it owns are filled with resilient businesses that are best positioned to weather any further COVID-19 upheaval.Chief…

TORONTO – RioCan Real Estate Investment Trust says its net income reached $145.3 million in its latest quarter as all of its tenants were able to reopen from COVID-19 lockdowns.The Toronto-based trust says its second-quarter net income…