Tag: Canada

Feb 24

Real Estate Firm Avison Young Nears Restructuring After Default

Article content (Bloomberg) — Real estate services firm Avison Young (Canada) Inc. says it’s close to finishing a restructuring to clean up its balance sheet after it defaulted on a senior term loan, causing a ratings downgrade.  “We have been focused on finalizing a transaction with our financial partners which will significantly strengthen Avison Young […]
Feb 22

Canada Retail Sales Drop 0.4% in Sharp Spending Pullback

Article content (Bloomberg) — Canadian consumers sharply pulled back their spending in January after stronger-than-expected retail purchases at the end of last year. Receipts for retailers fell 0.4%, the biggest decline since March 2023, according to an advance estimate from Statistics Canada released Thursday. That followed a 0.9% jump in December, which beat the median […]