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Business News

Some industries may be spared from next round of U.S. tariffs despite Trump threats

CBC Business News - Mon, 2025-03-24 07:51

It appears some key industries facing the threat of new U.S. tariffs may be spared from President Donald Trump’s next shot in his global trade war — at least for the moment. 

Categories: Business News

DNA testing firm 23andMe files for bankruptcy, CEO resigns

CBC Business News - Mon, 2025-03-24 07:21

23andMe on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey's annual list of favourite things just eight years ago.

Categories: Business News

Liquidation of Hudson's Bay begins at all but 6 stores

CBC Business News - Mon, 2025-03-24 06:20

Liquidation sales are kicking off Monday morning at all but six of Hudson's Bay's locations as the company continues to search for a way to restructure. 

Categories: Business News

Posthaste: Worried about Trump's 'liberation day'? Here's how it might actually work in Canada's favour

Financial Post TopStories - Mon, 2025-03-24 05:04
Impact on exports and odds of a deal improve with other U.S. trading partners in same boat, says CIBC
Categories: Business News

Lutnick says tariffs are like ‘joining Costco’, but is the revenue enough to replace U.S. income tax?

Financial Post TopStories - Mon, 2025-03-24 04:30
Trump wants to eliminate income tax for those earning less than US$150,000 and replace it with tariff revenue
Categories: Business News

These farmers want cost of living, cutting taxes and tariffs to be the focus this election. Here's why

CBC Business News - Sun, 2025-03-23 01:00

What do farmers want this federal election to be about? Here's why affordability, cutting taxes and dealing with tariffs rank high. CBC News visited an Agricultural Expo in Lethbridge as part of a listening campaign ahead of the federal election campaign.

Categories: Business News

Tariff war threatens to clobber Canada: FP video looks at the impact and solutions

Financial Post TopStories - Sat, 2025-03-22 04:00
Watch former Foreign Affairs Minister, economists and chief executive on the best path forward
Categories: Business News

Trump picks Boeing over Lockheed for major fighter jet contract

CBC Business News - Fri, 2025-03-21 15:38

U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. air force's most sophisticated fighter jet yet, handing the company a much-needed win and boosting its shares.

Categories: Business News

From tariffs to taxes to foreign worker shortages: These are the issues small businesses are grappling with today

Financial Post TopStories - Fri, 2025-03-21 12:56
Introducing the Financial Post Small Business Roundtable, a recurring forum and part four of Postmedia's How Canada Wins series
Categories: Business News

WestJet considers hiring temporary foreign workers to solve pilot shortage

CBC Business News - Fri, 2025-03-21 11:19

Calgary-based WestJet is considering the use TFWs to fly its planes but the union representing pilots at the airline says it wasn't consulted by either the WestJet or the federal government about the move.

Categories: Business News

Hudson's Bay set to start liquidating today at all but six stores, putting more than 9,000 jobs at risk

Financial Post TopStories - Fri, 2025-03-21 10:35
The closure of HBC's stores could impact 9,360 employees and could 'drastically' alter the dynamics of malls nationally
Categories: Business News

Cadillac Fairview loaned Hudson's Bay $200 million in 2023 to keep it afloat as anchor tenant

Financial Post TopStories - Fri, 2025-03-21 07:28
Commercial real estate landlords brace for big vacant spaces if iconic retailer liquidates
Categories: Business News

Hudson's Bay to liquidate all but 6 stores starting Monday

CBC Business News - Fri, 2025-03-21 07:22

After a week spent seeking a lifeline, an Ontario court has given Canada's oldest company permission to start liquidating all but six of its stores on Monday.

Categories: Business News

Posthaste: A recession is headed Canada's way and it's likely coming sooner than you think, says report

Financial Post TopStories - Fri, 2025-03-21 05:00
Desjardins economists expect any current tariff exemptions to end in April hitting the economy hard
Categories: Business News

From bumper stickers to boycotts, how Tesla owners are distancing themselves from Elon Musk

CBC Business News - Thu, 2025-03-20 20:50

Many Tesla owners who were once proud to own the electric vehicle are reportedly now embarrassed to be associated with the brand as public furor against the company and its CEO, billionaire Elon Musk, gains momentum.

Categories: Business News

2 Teslas set on fire in Calgary this week, police say

CBC Business News - Thu, 2025-03-20 18:11

Calgary police are looking into what they believe are two separate arsons linked to Tesla vehicles in the city this week.

Categories: Business News

Defence investments will be winners in Trump world: Teachers' CEO

Financial Post TopStories - Thu, 2025-03-20 11:58
Trade wars and geopolitical unrest injecting uncertainty, hard choices into the investing game for pensions
Categories: Business News

Defence investments will be winners in Trump world: Teachers' CEO

Financial Post TopStories - Thu, 2025-03-20 11:58
Trade wars and geopolitical unrest injecting uncertainty, hard choices into the investing game for pensions
Categories: Business News

Flair Airlines cancels summer Nashville route as state blames trade war

Financial Post TopStories - Thu, 2025-03-20 11:29
Other Canadian carriers have already dialed back on U.S. flights as demand wanes
Categories: Business News

Bank of Canada will pause in April: Desjardins

Financial Post TopStories - Thu, 2025-03-20 11:06
Watch Jimmy Jean on where Canada's economy is headed
Categories: Business News
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