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CBC Business News

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Updated: 45 min 32 sec ago

Northvolt declares bankruptcy in Sweden, raising concerns about Quebec battery plant's future

Wed, 2025-03-12 07:01

Northvolt has declared bankruptcy in Sweden, but says its North American operations are solvent. The company is building a large battery factory on Montreal's South Shore.

Categories: Business News

Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs

Wed, 2025-03-12 06:47

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.

Categories: Business News

Canada hits U.S. with tariffs on $29.8B worth of goods after Trump slaps levy on metals

Wed, 2025-03-12 06:09

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.

Categories: Business News

U.S. states rely on B.C. to export thermal coal. Should the shipments be taxed?

Wed, 2025-03-12 04:00

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.

Categories: Business News

Texas-bound: Canadian politicians slam U.S. tariffs (politely) during visit to Lone Star state

Wed, 2025-03-12 01:00

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.

Categories: Business News

Buying Canadian is a matter of pride for shoppers. For major grocery chains, it's an opportunity

Wed, 2025-03-12 01:00

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.

Categories: Business News

Trump placing 25% tariff on steel, aluminum after backing off 50% threat

Tue, 2025-03-11 07:15

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.

Categories: Business News

Expert says language on labels leaves a lot of room for guesswork about how Canadian a product is

Tue, 2025-03-11 02:00

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.

Categories: Business News

The U.S. is trying to achieve 'energy dominance.' What does that mean for Canada?

Tue, 2025-03-11 01:00

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.

Categories: Business News

Spring break shakeup? Canadians taking fewer trips to the U.S., StatsCan says

Mon, 2025-03-10 15:01

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.

Categories: Business News

Elon Musk alleges cyberattack after users report outages on X

Mon, 2025-03-10 10:16

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."

Categories: Business News

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