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Updated: 55 min 32 sec ago

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

What happens to your DNA data now that 23andMe has filed for bankruptcy?

Tue, 2025-03-25 12:42

Struggling genetic testing company 23andMe has filed for bankruptcy and its co-founder and CEO has resigned, leaving its millions of ancestry testing kit customers with questions about what happens to their data.

Categories: Business News

WestJet pilots ask judge to nix approval of temporary foreign workers in the cockpit

Tue, 2025-03-25 10:05

The union representing WestJet pilots is asking a judge to quash federal approval of temporary foreign workers in the cockpit.

Categories: Business News

What is Signal, the messaging app Trump team used to share war plans?

Tue, 2025-03-25 08:40

Top Trump administration officials used messaging app Signal to share war plans and mistakenly included a journalist in the encrypted chat, spurring calls by Democratic lawmakers for a congressional investigation into the security breach. Here are some facts about the secure messaging service.

Categories: Business News

Nearly 1.3 million Ford F-150 trucks being investigated in U.S. over unexpected gear shift

Tue, 2025-03-25 07:47

The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear-wheel lock-up.

Categories: Business News

Chinese EV giant BYD overtakes Tesla with annual sales topping $100 billion US

Tue, 2025-03-25 07:07

Tesla's Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker.

Categories: Business News

George Foreman's famous grill wasn't always a knockout

Mon, 2025-03-24 09:02

When George Foreman came back to prominence as a boxer in the 1990s, his ever-smiling image and congenial manner made him one of the most impactful celebrity spokespeople of all time.

Categories: Business News

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

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

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

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

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

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

Trump picks Boeing over Lockheed for major fighter jet contract

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

WestJet considers hiring temporary foreign workers to solve pilot shortage

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 to liquidate all but 6 stores starting Monday

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

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

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

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