National Business

TORONTO — Despite Canada's slowing economic growth, demand is propping up the retail leasing market as rents continue to trend upwards, said the chief executive of RioCan Real Estate Investment Trust.

TORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.

TORONTO — Sleep Country Canada Holdings Inc. reported its first-quarter profit fell compared with a year ago as its revenue edged higher.

MONTREAL — The Lion Electric Co. says it lost US$21.7 million in its latest quarter compared with a loss of US$15.6 million in the same quarter last year as it faced higher manufacturing costs related to the ramp up of new products.

VANCOUVER — Another barge went adrift in Vancouver's English Bay, prompting a quick response from the Canadian Coast Guard. A spokeswoman for the agency says it received the report around 2:30 p.m.

CALGARY — Suncor Energy Inc. says it earned $1.61 billion in the first three months of 2024, down from $2.05 billion a year earlier. The Calgary-based energy giant says its first-quarter earnings amount to $1.25 per common share, compared with $1.

MONTREAL — Nuvei Corp. says it lost US$4.8 million in the first quarter of 2024, compared with a loss of US$8.3 million a year earlier. The Montreal-based fintech company says revenues were US$335.1 million, up from US$256.

TORONTO — Alternative lender Goeasy Ltd. says it had a record volume of credit applications in its first quarter, up 41 per cent from a year earlier.

TORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 million a year earlier. The toy and entertainment company says revenues totalled US$316.2 million, up from US$271.

TORONTO — Intact Financial Corp. says it earned $673 million in the first quarter, up from $377 million a year earlier. The Toronto-based company says earnings per share were $3.68, up from $2.06 per share during the same quarter last year.