Equifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year ago
Posted: Sep 11th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about Equifax says total consumer debt $2.32 trillion in Q2, up 8.2% from year agoCanadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts say
Posted: Sep 10th, 2022In: ConstructionNewsCanadians 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, making it more expensive to borrow money[...]
Read More about Canadians vulnerable to ‘payment shock’ as debt, interest rates climb, experts sayBank CEOs say higher rates starting to dampen growth despite economic buffers
Posted: Sep 8th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about Bank CEOs say higher rates starting to dampen growth despite economic buffersRioCan REIT sees demand for retail space soar as it reports first quarter profit
Posted: May 11th, 2022In: ConstructionNewsTORONTO – 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[...]
Read More about RioCan REIT sees demand for retail space soar as it reports first quarter profit