4 d. ago US Consumer Spending Drops in May, Price Pressures Remain Muted

US consumer spending declined in May by the most since the start of the year, indicating elevated uncertainty around the Trump administration’s economic policies is increasingly weighing on the outlook for growth.

Economics

5 d. ago Consumers pull back on spending amid trade war concerns, new data shows

New data from TD Economics shows credit and debit card spending is on the decline as consumers take a cautious approach to non-essentials amid the trade war.

Economics

6 d. ago Unfinished Toronto mansion with bulletproof windows is going for $8 million

Only in the Bridle Path would a shell of a house be listed for over $8 million. To be fair to 19 Royal Oak Dr., it's a very substantial and seemingly well-built shell — but a shell nonetheless.The up-and-coming mega-mansion has been on and off the market since 2017, when it was first listed for $10,800,000. A potential bedroom. It sat on the market for over a year, then was re-listed for $8,800,000.The upstairs floor. It sat on the market for another year and then dropped its asking price to $7,500,000. Now, in the middle of a stagnant real estate market, it's back — and asking $8,180,000.Duct work, some electrical and windows have been installed. Why the sudden price bump? Who knows. blogTO reached out to the realtor and got radio silence, so your guess is as good as ours.Insullation has also been put in. That said, in a neighbourhood where the average home sells for almost $14 million, this place is ba...

Economics

2 w. ago Ontario home that looks like a resort just dropped asking price by almost $3 million

If you've ever dreamed of living like you're in an all-inclusive resort—but without the other people and screaming kids—this might be your moment.One of Mississauga's most opulent waterfront properties, 872 Whittier Cres., otherwise known as Ville Vue Estate, has taken a dramatic plunge in price, dropping nearly $3 million since it first hit the market in 2023.Originally listed for a cool $15,999,900, this over-the-top luxury mansion is now asking $13,000,000.The view of Lake Ontario. Sure, it still isn't exactly a bargain bin find, but hey, that's still a $3 million discount.The pool. Anchored on a double lot with more than half an acre of riparian shoreline, Ville Vue looks like a resort and has one of the widest waterfront lots in all of Mississauga. A view of the backyard. With uninterrupted skyline views of Toronto, a rooftop driving range (yes, really), and cascading limestone terraces that lead to a heate...

Economics

2 w. 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

2 w. ago US producer prices rise modest 2.6% in May with inflationary pressures still mild

WASHINGTON (AP) — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers _ rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping […]

Economics

4 w. ago Modern Ontario mansion just dropped its asking price by $1 million

Across the GTA, even impressive multimillion-dollar homes are getting ghosted like bad Hinge dates. Take 113 Elgin St. in Thornhill, for example.Designed by David Small Architects and tricked out by Coz Design, this mansion boasts four bedrooms, eight bathrooms, and over 5,000 square feet of living space. The dining room and main staircase. The home is contemporary in design with custom Italian millwork, quarter-sawn walnut accents, and just enough limestone to make you wonder if a quarry went out of business for this build.The family room. The principal rooms are bright, airy and filled with luxury amenities. The dining room. "There are so many phenomenal features of this home, not one corner was cut," said realtor Sharon Luft. The kitchen. For example, the kitchen features a granite waterfall island, Miele everything, and a double Bertazzoni oven.The prep kitchen. And because one kitchen isn't enough when yo...

Economics

4 w. ago Dickey’s Barbecue Puts Franchisee Success in the Spotlight: Addressing Industry Challenges and Highlighting Opportunities

Dallas, TX, June 03, 2025 (GLOBE NEWSWIRE) — In response to recent industry-wide challenges, Dickey’s Barbecue Pit addresses concerns regarding franchisee satisfaction. Amidst macroeconomic pressures, geopolitical instability, and shifting consumer spending, Dickey’s acknowledges the complexities of the current restaurant franchise landscape and outlines strategies for continued success. Despite unprecedented obstacles, Dickey’s emphasizes the importance of analyzing empirical evidence and understanding […]

Other

4 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 ...

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