Sarah McGoldrick

Toronto

Contributing Editor at Vision Monday

Journalist at Freelance

Writer at Farmtario

🇨🇦 Journalist reporting on Health, Lifestyle and Real Estate. Contributing Editor @VisionMonday

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Articles

MEC finds Canadian buyer

3 days ago | hardlines.ca | Sarah McGoldrick

Mountain Equipment Co., (MEC) has found a new buyer. The Globe and Mail is reporting that MEC has agreed to sell a majority stake to Ontario textile manufacturing executive and real estate investor Tim Gu.The purchase will bring MEC back under Canadian ownership. The company, which is currently owned by Los Angeles-based private investment firm Kingswood Capital experienced steady revenue losses over the past two years and debts totalling more than $89 million.
New podcast this Wednesday: Hardline's speaks with Turkstra Lumber CEO Peter Turkstra

4 days ago | hardlines.ca | Sarah McGoldrick

The latest Hardline’s podcast goes live this Wednesday. In this episode, Peter Turkstra, third-generation owner of 12-store Turkstra Lumber, a pro dealer in Southern Ontario, talks about solutions to the ills that, all of a sudden in 2025, afflict the industry. Most of them are courtesy of the American administration, or more properly the one man who has caused them, Peter says.
Dim outlook for new home construction in Ontario and B.C.

4 days ago | hardlines.ca | Sarah McGoldrick

The Canadian Home Builders’ Association (CHBA) 2025 released its Q1 Housing Market Index (HMI). The index indicates 11 straight quarters of negative sentiment since dropping from the post-pandemic highs in 2021 and early 2022. CHBA’s single-family HMI is 26.4 for Q1 2025 (out of 100). The organization noted in the report that this score remains close to the index’s record low of 24.6 in Q4 2023 and is down 8.5 points from the score from the same time last year.
Lowes acquires contractor finishes firm

5 days ago | hardlines.ca | Sarah McGoldrick

Lowe’s Cos. has entered into a definitive agreement to acquire Coppell, Tex.-based Artisan Design Group for US$1.3 billion. ADG provides design, distribution, and installation services for interior surface finishes, including flooring, cabinets, and countertops, to national, regional, and local homebuilders and property managers. In 2024, ADG saw revenues of US$1.8 billion.
Home Hardware dealer among those named 2025 Young Retailer of the Year by NHPA

5 days ago | hardlines.ca | Sarah McGoldrick

Ryan Leger of Richibucto Home Hardware Building Centre and St. Louis Home Building Centre in New Brunswick, has been named one of the 2025 Young Retailers of the Year by the North American Hardware and Paint Association (NHPA) in the multi-store division. As a third-generation Home Dealer, Ryan officially took over leadership of the Richibucto location in 2017.
The RONA Foundation launches 2025 Build from the Heart campaign

5 days ago | hardlines.ca | Sarah McGoldrick

The RONA Foundation, which oversees the philanthropic activities of RONA inc., is launching the 2025 edition of its Build from the Heart running through the month of May. The goal of this campaign is to help seven Canadian non-profit organizations with a project that aims to revitalize a living environment or facilitate access to housing for victims of domestic violence and their children, low-income families, and people with disabilities or mental health issues.
Jest Sidloski joins The Brandt Group of Companies

5 days ago | hardlines.ca | Sarah McGoldrick

Former Peavey Mart vice-president of marketing and customer experience Jest Sidloski has taken a leadership role at Brandt Group of Companies in Regina. Sidloski will serve in a new merchandise role with the organization. Additionally he will be leading parts, service, and merchandise marketing across all divisions. Brandt claims ot be one of the largest construction and forestry equipment dealers in the world. The company also manufactures equipment, trucks, and trailers.
Metro posts Q2 earnings gains

1 week ago | hardlines.ca | Sarah McGoldrick

Grocer Metro Inc. posted its results for Q2 on Tuesday. Net earnings of $220.0 million, up 17.6 percent and adjusted net earnings of more than $226 million, up 9.8 percent. Sales in the second quarter were $4,909.9 million, up 5.5 percent versus the second quarter of the prior year. Sales were positively impacted by the transfer of two significant pre-Christmas shopping days to the second quarter this year, the company stated in a release.
Crown Building Supplies acquires ADSS Building Supplies

1 week ago | hardlines.ca | Sarah McGoldrick

Crown Building Supplies has acquired the assets and operations of ADSS Building Supplies. This strategic acquisition expands their geographic footprint, enhances their service capabilities, and reinforces their position as a trusted leader in the building materials industry, the company stated. Crown Building Supplies has assumed control of ADSS’s operations, including its inventory, infrastructure, and customer relationships.
Housing starts fall on consumer economic jitters

1 week ago | hardlines.ca | Sarah McGoldrick

The six-month trend in housing starts decreased 0.7 percent in March to 235,316 units, according to Canada Mortgage and Housing Corp. (CMHC). The trend measure is a six-month moving average of the seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada. The total monthly SAAR of housing starts for all areas in Canada decreased 3.3 percent in March (214,155 units) compared to February (221,405 units).