3 d. ago Port of LA imports drop 19% in May as tariffs hit U.S. businesses

Exports through Los Angeles fell to just over 120,000 containers, marking the sixth straight month of year-on-year declines

Economics

3 d. ago Roots not seeing ‘pullback’ in consumer spending as retailer reports $7.9M Q1 loss

TORONTO — Consumers grappling with a global tariff war have yet to drop Roots Corp. from their shopping trips, the apparel retailer’s CEO said Friday, as the company reported a $7.9 million loss. “We haven’t seen any weakening and no pullback,” Meghan Roach told analysts who asked her whether consumer confidence has been lagging or […]

Economics

5 d. ago Rent prices in Ontario keep plummeting and here's where they're the lowest

The cost of living in Ontario may still be completely out of hand, but at least the price of something in the province is going down: rent.The price of the average Ontario apartment has been on the decline for months, including in cities like Guelph, Barrie, Mississauga and yes, even incessantly expensive Toronto, which now boasts the lowest rents it's seen in years as the housing market crashes.A sharp rise in supply amid a drop-off in demand across both the real estate and rental markets — especially when it comes to condo units — has been a huge force in reducing prices in key markets across Canada, with year-over-year price reductions now reported for eight months in a row.In Ontario, prices for all unit sizes but three-bedrooms plummeted year-over-year yet again in May, according to new stats from Rentals.ca and Urbanation, released this week.Chart of how the provinces measure up when it comes to rent prices...

Economics

7 d. ago Average asking rents fall annually for eighth straight month to $2,129: report

TORONTO — The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases. The latest monthly report from Rentals.ca and Urbanation says asking rents held steady from April, with a 0.1 per cent month-over-month increase. Purpose-built apartment asking rents declined […]

Economics

1 week ago Toronto Home Prices Halt Slide as Buyers Start to Show Interest

Toronto home prices ticked up after five straight months of declines as Canada-US trade tensions eased and valuations at their lowest point in four years began to tempt buyers.

Economics

2 w. ago Shoppers are sharing eerie photos of last day at landmark Toronto Hudson's Bay store

The Hudson's Bay Company as we knew it is officially dead and gone after a monumental 355 years, marking a deeply sorrowful moment for Canadians everywhere.Sunday marked the final day for residents to shop at any of the department store's dozens of locations across Canada, all of which have now permanently shuttered after a few weeks of liquidation sales.While the chain had a hand in shaping our national identity with its decades of history and was ubiquitous in shopping malls and plazas nationwide — with upwards of 80 locations, even post-COVID — it proved no match for the economic downturn of the last few years, which has progressed to the point of recession.A high cost of living, lower consumer confidence and spending, shift to e-commerce and sudden death of the traditional shopping mall, especially in the Toronto area, were just some of the factors that forced the brand to file for creditor protection in March.The news ...

Other

2 w. ago Royop Development Corp. joins ranks of Best Managed Companies

Qualifying in Deloitte's program brings extra level of consumer confidence for nine Alberta home builders, developers.

Economics

2 w. ago US consumer confidence rebounds after five straight months of declines amid tariff anxiety

WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs. The Conference Board said Tuesday that its consumer confidence index rose 12.3 […]

Economics

3 w. ago Jumio Survey Reveals Crumbling Consumer Trust in Digital Life Amid Surge in AI

New global research illuminates eroding confidence in digital spaces and strong consumer desire for greater protections online SUNNYVALE, Calif. — Jumio, the leader in AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights, today released the 2025 Jumio Online Identity Study, the fourth installment of its annual global consumer research. This year’s results […]

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