CBC Business News

Beijing on Friday increased its tariffs on U.S. imports to 125 per cent, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145 per cent, raising the stakes in a trade war that threatens to upend global supply chains.

The Montreal-based clothing retailer filed for creditor protection late last year.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were all down a few points on Thursday after the U.S. raised the total tariffs on Chinese products to 145 per cent.

The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.

The number of return trips among Canadians travelling to the U.S. has plummeted. Some travellers are cancelling plans due to concern over beefed up border security following the Trump administration's pledge to crackdown on immigration.

Chinese billionaire Weihong Liu set out her business plans to purchase many of the stores in a video, saying The Bay has hundreds of years of history and she doesn't want to see it collapse. 

Bonds are usually a safe haven that investors would reach for in times of unease. But investors have been selling them, not buying.

The S&P 500, Dow Jones Industrial Average and Nasdaq all made massive leaps after Trump pressed pause on reciprocal tariffs announced last week, while hitting China with a 125% levy.

The escalating trade war between the U.S. and nearly every single one of its major trading partners has sparked a flurry of predictions and concerns that a global recession could be around the corner.

Wall Street posted boomeranging numbers on Tuesday, rising and then falling again as hope for tariffs being postponed faded. A broad slate of tariffs imposed by the U.S. are set to go into effect at midnight tonight.

Canadian fashion brands are grappling with the impact of Washington's steep new tariffs on garment-making hubs like China, India and Vietnam.

As stock markets sank for the third day Monday after U.S. President Donald Trump announced sweeping global tariffs last week, no one is coming out unscathed — but some sectors are seeing more volatility than others.

Central bank's outlook survey shows 32% of firms now planning with the assumption that a recession will happen in Canada in the next year, while job loss fears were dominant for consumers.

North American stick exchanges dipped on Monday as did global markets, making for a third straight day of instability.

U.S. President Donald Trump on Sunday said foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," as financial markets indicated another week of steep losses could be in store.

Housing is about to get a lot more expensive in the next decade if the federal government’s immigration program bringing in skilled workers isn’t revamped. Many in the construction industry say there aren’t enough domestic workers going into jobs that don’t require an apprenticeship or certificate and the current system bringing in newcomers only covers highly skilled workers.

U.S. President Donald Trump extended a deadline by 75 days for Chinese technology company ByteDance to sell U.S. assets of popular short video app TikTok to a non-Chinese buyer or face a ban that was supposed to have taken effect in January under a 2024 law.

Thousands of businesses convened on Hanover Germany this week for one of the largest industrial technology fairs in the world at a time when many nations, including Canada, are trying to adapt to U.S. tariffs and protectionism.

The worldwide sell-off for financial markets slammed into an even higher, scarier gear on Friday after China matched U.S. President Donald Trump's big raise in tariffs in an escalating trade war, with markets facing their worst crisis since the COVID crash. 

Statistics Canada says this is the biggest monthly job loss since January 2022, and comes as the U.S. posts unexpectedly high job gains.