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CBC Business News

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Updated: 1 hour 31 min ago

U.S. tariffs on the auto sector would substantially raise the sticker price of cars, experts say

1 hour 48 min ago

The 25 per cent tariffs from the U.S. set to go into effect on April 3 would increase the price of a car by thousands, while those in the industry say the mere threat of the tariffs is keeping buyers away.

Categories: Business News

Amazon is selling products calling Canada the 51st state, and many Canadians aren't happy

Tue, 2025-04-01 16:46

A petition is urging retail giant Amazon to disable listings of shirts, hats, stickers and other products emblazoned with quotes referring to Canada as the 51st state or otherwise celebrating the idea of Canada being annexed by its southern neighbour.

Categories: Business News

Trump administration lists Quebec language law Bill 96 as trade barrier

Tue, 2025-04-01 10:14

The Office of the U.S. Trade Representative released its annual list of global trade barriers Tuesday — and it includes Quebec's controversial language law, Bill 96.

Categories: Business News

Hooters, known for skimpy server outfits, files for bankruptcy protection

Tue, 2025-04-01 06:49

Hooters, the U.S.-based restaurant chain known for chicken wings and 'Hooters Girls' in skimpy wait-staff outfits, has filed for bankruptcy protection.

Categories: Business News

Trump's auto tariffs will lead to autoworker pain, 2 Michigan business groups say

Tue, 2025-04-01 04:40

Increased costs would cause "significant disruption throughout the supply chain," according to the Detroit Regional Chamber and MichAuto, an automotive and mobility association.

Categories: Business News

The consumer carbon tax is gone as of today. What will that mean for your wallet?

Tue, 2025-04-01 01:00

Savings at the gas pump will be the biggest, most immediate change, according to experts. But the loss of the carbon rebate will also have an impact.

Categories: Business News

Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores

Sat, 2025-03-29 17:19

An Ontario judge has rejected a Hudson's Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership.

Categories: Business News

Explicit Canadian emails target bourbon maker as Trump's trade war intensifies

Sat, 2025-03-29 01:00

After U.S. President Donald Trump imposed tariffs on some Canadian goods, some provinces decided to pull American alcohol, including Kentucky bourbon off of store shelves. Louisville, Ky.'s Brough Brothers bourbon distillery has been getting angry emails after its co-founder was in the media speaking about the impact of tariffs.

Categories: Business News

Canada's anti-tariff billboards in the U.S. go viral — but is anyone swayed?

Sat, 2025-03-29 01:00

Ottawa has launched an anti-tariff billboard campaign in 12 mostly Republican-voting states and in Washington, D.C. Although the jury is still out on the campaign's effectiveness, one thing's for certain — it has gone viral.

Categories: Business News

Marketplace found up to 1 in 3 groceries get labelled as Canadian. Customers say they're skeptical

Sat, 2025-03-29 01:00

To find out how often grocery stores are labelling products with Canadian symbols, Marketplace collected data from the websites of some of the country’s largest grocers.

Categories: Business News

GDP hit wall in February after January boost, says StatsCan

Fri, 2025-03-28 06:12

Statistics Canada says the Canadian economy was off to a solid start in January, but early signs suggest growth hit a wall in February.

Categories: Business News

Is there such a thing as a Made in America car anymore?

Fri, 2025-03-28 01:00

There's no such thing as a "Made in America" car anymore. And there hasn't been for years. Cars across the continent are made through an intricate and complex web of companies working together to make cars efficiently and bring down cost for consumers. Undoing that process would cost billions of dollars and take years to rebuild.

Categories: Business News

Hudson's Bay could potentially win more time to save 6 stores so far spared from liquidation

Thu, 2025-03-27 08:32

Canada's oldest company, Hudson's Bay, may be on the verge of gaining more time to save the six stores it has temporarily been able to rescue from liquidation.

Categories: Business News

From meeting Darth Vader to eating at the food court, Waterloo region shoppers remember Hudson's Bay

Thu, 2025-03-27 03:00

Earlier this month, Hudson’s Bay filed for creditor protection with the intention of restructuring the business. All but six of the company’s stores are now liquidating. CBC KW’s John Dalusong went to two of Waterloo region’s Hudson's Bay stores to ask shoppers how they feel about the Canadian icon’s impending closure.

Categories: Business News

Fear and uncertainty for Ontario autoworkers after Trump announces 25% tariff

Thu, 2025-03-27 01:00

On a day U.S. President Donald Trump announced a 25 per cent tariff on non-U.S.-made vehicles, Ontario autoworkers said it's the latest wave in what's been a storm of uncertainty for the Canadian industry, and more proof it needs government support. For Ontario autoworkers at GM's CAMI Assembly plant in Ingersoll, the help can't come soon enough.

Categories: Business News

Bank of Canada says it would have likely held interest rate steady if not for tariff uncertainty

Wed, 2025-03-26 11:49

The Bank of Canada's top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the substantial uncertainty around tariffs from the United States.

Categories: Business News

Hudson's Bay wants court to OK agreement that offers it a few extra days to save 6 stores

Wed, 2025-03-26 10:14

Hudson's Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days to save the six stores it has so far spared from liquidation.

Categories: Business News

Winnipeg automation company lays off 1/3 of staff as trade war leads to 'spending freeze'

Wed, 2025-03-26 03:00

A Winnipeg-based robotics company says it's laid off about a third of its employees, as orders for its products dry up amid uncertainty stemming from the Canada-U.S. trade war.

Categories: Business News

Hudson's Bay managers will get up to $3 million in bonuses, but workers get no severance

Wed, 2025-03-26 01:00

The beleaguered Hudson's Bay Co., which plans to close most of its 96 stores by the end of June, will pay up to $3 million total in retention bonuses to 121 managers and executives — but will not pay severance to its more than 9,300 workers, most of whom will soon lose their jobs. 

Categories: Business News

Canada freezes rebate payments to Tesla, bars it from future programs due to tariffs

Tue, 2025-03-25 17:47

Canada has frozen all rebate payments to Tesla and banned the electric-vehicle maker from future EV rebate programs, Transport Minister Chrystia Freeland said on Tuesday.

Categories: Business News

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