CBC Business News

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.

The federal government announced a plan on Wednesday to slap tariffs on $29.8 billion worth of American goods to hit back against U.S. President Donald Trump after he imposed punishing tariffs on Canadian steel and aluminum early this morning.

As President Donald Trump's tariff threats continue to hang over Canada, B.C. Premier David Eby wants the federal government to impose a tax on U.S. thermal coal shipped out of the province as a way to pressure the White House.

Amid an increasingly heated game of tariff-related chicken, Canadian politicians are in Houston telling Americans they're peeved — in the most stereotypically Canadian way possible.

Canada's major food retailers have all rolled out new marketing strategies in recent weeks to meet a newfound demand for Canadian products. With price hikes in play, they're betting on a reputational reset after years of contention between shoppers and consumers came to a boiling point last year.

The White House said Tuesday U.S. President Donald Trump will go ahead with a 25 per cent tariff on Canadian steel and aluminum just after midnight, capping off yet another chaotic day of trade threats and 51st state taunts.

Grocery store shelves are full of maple leaf stickers and shelf talkers indicating products are, in some way, Canadian. But they don't always tell the whole story.

Even though Canada and the United States are in the midst of a trade war, officials from north of the border are looking past it, in hopes of getting a piece of the energy pie.

Data released by Statistics Canada on Monday shows that the number of return trips among Canadians travelling by car to the U.S. declined significantly in February, down 23 per cent compared with a year earlier.

Hours after a series of outages Monday left X unavailable to thousands of users, Elon Musk claimed that the social media platform was being targeted in a "massive cyberattack."

The gift card industry is estimated to be worth more than $11 billion dollars in Canada, and it’s growing. But critics say there’s little oversight when things go wrong, setting up consumers to become the victims of possible international fraud.

In a world where online job applications appear to be the norm, it still takes in-person networking to reveal a significant portion of the opportunities in the "hidden job market."

Canada's oldest retailer, which operates the Hudson's Bay department stores, announced it is seeking creditor protection on Friday, but that it intends to hold onto many of its prominent locations. Retail strategist David Ian Gray said scaling down and exploring their own product lines could be options for the ailing department store chain.

Millions of dollars — and thousands of jobs — are in flux as seemingly daily changes to tariffs mean Canada-based businesses feel they can't make any financial decisions.

Canada's oldest retailer, Hudson's Bay Co., has filed for creditor protection and intends to restructure the business.