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CBC Business News

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Updated: 42 min 15 sec ago

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

The gift card industry is booming — and so is related fraud and organized crime

Mon, 2025-03-10 01:00

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.

Categories: Business News

Old-school networking still key to landing a job, recruitment experts say

Sun, 2025-03-09 01:00

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."

Categories: Business News

How should the Hudson's Bay Company reinvent itself?

Sat, 2025-03-08 13:33

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.

Categories: Business News

Tariff threats are freezing big business and leaving small companies with no options

Sat, 2025-03-08 02:00

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.

Categories: Business News

Hudson's Bay files for creditor protection, intends to restructure

Fri, 2025-03-07 17:21

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

Categories: Business News

Feds relax some EI rules, provide $6B in business support as Trump makes new tariff threats

Fri, 2025-03-07 09:17

The federal government is launching a more than $6-billion aid package for businesses impacted by President Donald Trump's tariffs and relaxing some employment insurance rules to help workers.

Categories: Business News

Canada's labour market at a standstill in February, with unemployment unchanged, few jobs added

Fri, 2025-03-07 06:35

Canada's unemployment rate was unchanged in February, holding steady at 6.6 per cent, Statistics Canada said Friday, as population growth loses steam and tariff uncertainty shakes the labour market.

Categories: Business News

Sunwing stranded couple for 5 days after vacation, charged them $50 flight change fee to fly home

Fri, 2025-03-07 02:00

Several Sunwing passengers say the airline needs to be held accountable after many flight cancellations and delays last month, including cases where it abruptly cancelled vacations with no rebooking offers or delayed return flights for days.

Categories: Business News

Hey, parents: Advertisers could be using mobile games to build profiles about your kids

Fri, 2025-03-07 02:00

A Marketplace investigation has pulled back the curtain on how some mobile games, which seem to attract children, use loopholes in rules protecting kids’ data — allowing marketers to build advertising profiles tailored to them, which can then be more effective at influencing their behaviour.

Categories: Business News

7-Eleven owner names new CEO, plans to go public as it fights takeover bid by Quebec's Couche-Tard

Thu, 2025-03-06 12:39

Japan's Seven & i Holdings, the parent company of the 7-Eleven convenience store chain, has named a new CEO and plans to sell billions in assets as it tries to fend off a takeover bid from a Canadian rival.

Categories: Business News

Pipeline operator South Bow says tariffs could create challenges in its marketing segment

Thu, 2025-03-06 12:27

The oil pipeline operator that was spun off from TC Energy last year says its marketing segment faces pressures from 10 per cent tariffs on energy exports to the United States.

Categories: Business News

Workers will fight if American car producers move to take Canadian jobs, union vows

Thu, 2025-03-06 12:08

Auto-sector union leaders at an emergency meeting in London, Ont., on Thursday vowed to continue standing up against U.S. President Donald Trump's tariffs on Canadian goods, threatening worker action if necessary.

Categories: Business News

Trump pausing tariffs on some Canadian goods until April 2

Thu, 2025-03-06 08:44

U.S. President Donald Trump said Thursday he is again pausing his tariffs on some Canadian goods until April 2, offering the country at least a partial reprieve from a punishing 25 per cent levy.

Categories: Business News

The global race for critical minerals is on. Here's why they're the lifeblood of the new tech era

Thu, 2025-03-06 02:00

What does your smartphone have in common with a solar panel, or an EV battery, or a piece of military equipment? They're all made using critical minerals — an essential ingredient in powering the modern technology we use every day.

Categories: Business News

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