Category: Business

Potential price hikes at the grocery store unrelated to tariffs or even inflation? In this economy? Yes, it’s bananas. No, literally: this story is about bananas. Fruit giant Chiquita is one of the top brands leading the global banana industry, and its bananas are sold in 47 countries, including Canada, according to its most recent sustainability report. And Canada maintains a steady […]

Canada’s unemployment rate rose to seven per cent in May, the highest it’s been in nine years outside of the pandemic, Statistics Canada said on Friday. In its latest Labour Force Survey, the data agency says the unemployment rate has risen to its highest level since 2016, with the exception of the high jobless rates seen during 2020 and […]

The B.C. government has approved the continued construction of a new pipeline project that could supply natural gas to a proposed floating liquefied natural gas export terminal off B.C.’s North Coast. The Prince Rupert Gas Transmission project is a joint venture between the Nisga’a Nation and Texas-based Western LNG. The approximately 900-kilometre natural gas pipeline was originally proposed […]

In two straight decisions, the Bank of Canada has said it was leaving its key overnight lending rate unchanged as it gains “more information on U.S. trade policy and its impacts.” The problem is that since Donald Trump reclaimed the presidency, gaining more information about U.S. trade policy has been nearly impossible. In fact, it’s […]

The Bank of Canada held interest rates at 2.75 per cent on Wednesday, pointing to a mixed bag of unexpectedly strong data and the uncertainty of U.S. tariffs as reason for the hold — and some experts say, going forward, rate cuts alone won’t be enough to stop an economic slowdown. In his opening remarks […]

Economists largely expect the central bank to keep rates where they are (for now). Scotiabank’s vice-president of capital markets economics, Derek Holt, has maintained for months now that the bank hasn’t shown a reason to cut. “Cutting now when it’s nowhere close to being priced and after holding since March could motivate markets to think […]

U.S. President Donald Trump signed an executive order on Tuesday doubling the tariffs on steel and aluminum imports to 50 per cent, a move one Canadian industry official warned would have “unrecoverable consequences.” The new rate will take effect at midnight, according to the order. “Although the previously imposed steel and aluminum tariffs have helped provide critical price […]

The next time you order takeout in Markham, Ont., it could get dropped off by a robot and its human companion. A fleet of orange food delivery machines is being tested as part of a pilot project led by Skip, formerly known as SkipTheDishes, and Real Life Robotics, an automation company under the University of […]

Canada Post has rejected a request from the union representing about 55,000 of its workers to send their ongoing labour dispute to binding arbitration. The Canadian Union of Postal Workers made the request in a statement on Saturday, saying it was inviting Canada Post to a fair, final and binding arbitration process to resolve negotiations […]

Canadian investors are putting more of their money into exchange-traded funds (ETFs), according to recent data, even as the U.S.-led trade war rocks global stock markets, and some experts say rookie retail investors could be at higher risk.  Net sales of exchange-traded funds — a basket of stocks that can be bought and sold with ease throughout the trading day — […]

A few years ago, Li-Cycle was one of the biggest players in electric vehicle battery recycling in North America, providing a roadmap to a circular, sustainable economy for electric vehicles.  But just last month, the Toronto-based company filed for bankruptcy protection in the U.S. and Canada after years of struggling to get a facility off the […]

When Wafa Shafiq realized her upcoming job interview would be conducted by an artificial intelligence bot, she thought: Why not?  “I thought it’d be really cool. I wanted to try it,” said Shafiq. Alex, an AI bot powered by software company Aprioria, interviewed the 26-year-old from Mississauga, Ont., for a marketing position at a retirement […]

Quebec EV buyers’ relationship with Tesla is showing signs of souring as sales in the province plummeted in the first quarter of 2025.  Only 524 Teslas were registered in Quebec between Jan. 1 and March 31, according to Quebec’s auto insurance board, the Société de l’assurance automobile du Québec.  That’s a 90 per cent drop […]

It’s been a rough start to the golf season for Paul Dame, owner of Bluff Point Golf Resort in Plattsburgh, N.Y., about 100 kilometres south of Montreal. Over the past two months, he said, business for both golf and lodgings has plummeted 30 per cent compared with the same period last year. Dame attributes much of the decline […]

A U.S. woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia during a heat dome event that also killed more than 600 people in B.C. It’s one of the first wrongful-death claims in the U.S. seeking to hold the fossil fuel industry accountable […]

Canada’s economy grew by 2.2 per cent on an annualized basis in the first quarter, Statistics Canada said on Friday, expanding at a rate faster than expected. The growth was primarily driven by exports as companies in the United States rushed to stockpile before tariffs by U.S. President Donald Trump. But an increase in imports that […]

A U.S. federal appeals court on Thursday allowed U.S. President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration fights an order striking down the bulk of his signature set of economic policies. The Court of Appeals for the Federal Circuit granted the emergency motion from the Trump […]

Companies are using AI hiring bots to screen, shortlist and talk to job candidates. Advocates say the technology frees up human workers from tedious tasks, but some applicants say it adds confusion to the process, and there are concerns about HR job losses.

Rhode, Hailey Bieber’s makeup and skincare brand, is being snapped up by Elf Beauty for about $1 billion US, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials. Elf said on Wednesday it would pay Rhode shareholders $800 million US in a combination […]

Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is “winding down,” the companies confirmed after a Reuters inquiry.  The Stellantis SmartCockpit project, which would rely on Amazon’s in-car technology, is the latest example of traditional automakers struggling to work with Silicon Valley […]

There’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows. Rebecca Oakes, Equifax Canada’s vice-president of advanced analytics, said much of the trend stems from the high cost of living, growing unemployment and rising trade tensions. “In order […]

After users in Ontario and Quebec reported a widespread outage of Bell Canada’s services this morning, the company said an update triggered the interruption and that it had since fully restored its system. “Bell conducted an update that impacted some of our routers. We rolled back the update to quickly restore services,” a spokesperson for the company told CBC News. […]

Some Canadian shoppers may soon receive cash from a class-action lawsuit that accused Loblaw and its parent company George Weston of engaging in an industry-wide scheme to fix the price of bread. Ontario Superior Court Judge Ed Morgan approved a $500-million settlement in the case on May 7, saying the money put forward by the […]

A weekend telephone call between U.S. President Donald Trump and EU chief Ursula von der Leyen gave “new impetus” to trade talks, the EU said on Monday, after Trump dropped his threat to impose 50 per cent tariffs on imports from the European Union next month. Trump restored a July 9 deadline to allow for talks between […]

Talks between Canada Post and negotiators from its union are expected to resume over the next few days, its union said Sunday after the two parties met amid warnings of mail delivery delays tied to a national ban on overtime for postal workers. In an afternoon statement, the Canadian Union of Postal Workers (CUPW) said […]

Day 68:10How the peaceful hobby of doing jigsaw puzzles has been upended by Trump’s tariffs Puzzle people are used to putting pieces in their place. But the chaos of the Canada-U.S. trade war is flipping the industry over, leaving business owners to pick up the pieces.  “It’s the uncertainty. It’s nearly impossible to navigate,” Bruce […]

Canada Post has not agreed to delay a potential strike by the Canadian Union of Postal Workers (CUPW), effectively pushing the union to agree to its latest offer ahead of a planned labour action set to begin Friday. According to negotiator Jim Gallant, the union had proposed a two-week pause on the strike — potentially the […]

British Columbia’s main outpatient lab services provider and the union representing about 1,200 striking workers have reached a deal through binding recommendations from a mediator, ending roughly 10 weeks of strike action. LifeLabs and the BC General Employees’ Union both said they reached the three-year collective bargaining agreement after receiving recommendations from mediator Mark Brown, […]

The new federal energy minister delivered a boisterous speech in support of the country’s energy sector on Friday morning, while highlighting his past involvement in the sector and the urgent need to build a variety of new energy projects. Tim Hodgson spoke to a business crowd, which gave him loud applause at a sold-out event […]

U.S. President Donald Trump cranked up his trade threats on Friday, targeting both smartphone giant Apple along with imports from the entire European Union, sending the global market roiling after weeks of de-escalation provided some reprieve. Trump threatened to impose a 25 per cent tariff on Apple for any iPhones sold, but not manufactured, in the […]

Will AI soon teach a generation of kids to read, do long division, and that cooties aren’t real, but germs are, so to stop wiping boogers under their desks? Luis von Ahn, founder and CEO of language-learning app Duolingo, seems to think so. Von Ahn has been stirring up a lot of controversy recently with his company’s new AI-first […]

Automaker Stellantis has announced it is postponing production of a Windsor, Ont.,-made Dodge Charger model in light of U.S. president Donald Trump’s auto tariffs. In a statement, Dodge CEO Matt McAlear said the change would affect the 2026 model year of the Dodge Charger Daytona R/T, the base model of its EV muscle car.  McAlear said the decision was […]

Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments. CPP Investments noted that there have been recent legal developments in Canada that have introduced new considerations around how net-zero commitments are interpreted. Recent changes […]

Canada Post employees will be in a strike position on Friday, threatening to suspend its mail and parcel delivery across the country. The Canadian Union of Postal Workers, which represents 55,000 of the service’s employees, says if there is no progress on a new collective agreement, its members will walk off the job. If that […]

TotalEnergies has signed a deal to buy two million tons per year of liquefied natural gas for 20 years from the proposed Ksi Lisims LNG project on the north coast of B.C.  The proposed project is a liquefied natural gas plant with a capacity of 12 million tons per year. In connection with the deal, […]

Business·Breaking Canada’s inflation rate edged down to 1.7 per cent in April, driven by lower energy prices, according to Statistics Canada. Drop from 2.3 per cent in March CBC News · Posted: May 20, 2025 8:35 AM EDT | Last Updated: 8 minutes ago (CBC) Canada’s inflation rate eased to 1.7 per cent in April, […]

Canada Post says it has received a strike notice from the union representing some 55,000 postal workers, with operations poised to shut down by the end of the week — for the second time in six months. The union informed management that employees plan to hit the picket line starting Friday morning at midnight, the Crown corporation […]

Drugmaker Regeneron Pharmaceuticals will buy genetic testing firm 23andMe Holding for $256 million USD through a bankruptcy auction, the companies said on Monday. Regeneron said it will comply with 23andMe’s privacy policies and applicable laws with respect to the use of customer  data and that it is ready to detail its intended use of the data to a court-appointed overseer. The […]

Strathcona Resources Ltd. is making an unsolicited takeover offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The stock-and-cash offer comes after Strathcona, which already owns about a 9.2 per cent stake in MEG, says it sent a takeover offer to the MEG board of directors in April, but […]

As Canada Post and the union representing its workers inch closer to another potential strike, a report by the commission charged with examining the Crown corporation’s finances has called for the end of door-to-door mail delivery to homes — one of the main reasons for the previous work stoppage in November.  But the report, authored […]

Retailer Mountain Equipment Company (MEC), the B.C-based brand specializing in outdoor equipment, is back under Canadian ownership. The retailer had been sold in 2020 to U.S.-based Kingswood Capital Management after facing financial difficulties, which led to its dissolution as a consumer-owned co-operative, in what was described as “betrayal” by some members, thousands of whom mounted a […]

China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain Pipeline, ship tracking data shows, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations […]

A group representing major foreign streaming companies told a hearing held by Canada’s broadcasting regulator on Friday that those companies shouldn’t be expected to fulfil the same responsibilities as traditional broadcasters when it comes to Canadian content. The Motion Picture Association-Canada, which represents large streamers like Netflix, Paramount, Disney and Amazon, said the regulator should […]

The recently re-elected Liberal government isn’t planning to release a budget this year, opting instead for an economic statement later this fall. But experts warn that not providing a fiscal snapshot could erode economic confidence and delay the government’s agenda. A federal budget is one of the most significant legislative pieces a government can put […]

Shoppers who stocked up on Hudson’s Bay blankets or other goods adorned with the iconic retailer’s stripes, hoping they’d become collector’s items, may be in for disappointment. On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson’s Bay’s intellectual property, including its famous four stripes motif, various company names, logos, and the retailer’s coat of […]

Mark Carney led the Liberals to a fourth term of government thanks to factors like U.S. President Donald Trump’s trade war and annexation threats, as well as a campaign built on a few key promises such as a plan to solve Canada’s housing crisis. The plan that the Liberal Party described as “most ambitious housing plan […]

The union representing Air Canada flight attendants says it has filed for conciliation with the federal labour minister after reaching an impasse in contract negotiations with the airline. The Air Canada component of CUPE, which represents 10,000 Air Canada and Air Canada Rouge flight attendants, said its top priority is boosting compensation, noting an entry-level […]

General Motors (GM) and battery partner LG Energy Solution are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says is lower cost than the nickel-rich cells used today, but […]

U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump’s auto-tariff measures are rippling through the car market. The average price consumers paid, after discounts and promotions, rose 2.5 per cent from March, more than double the typical 1.1 per cent increase over those two months […]

Japan’s Honda Motor Co. forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump’s tariffs.  Honda’s forecast is the latest signal of the difficulty car makers are […]

Travel by Canadians coming back from trips to the U.S. dropped sharply in April, according to preliminary data released Monday by Statistics Canada. Return trips by Canadians coming back from the U.S. by air dropped by 19.9 per cent, and return via land borders dropped by a whopping 35.2 per cent compared to April of last year. […]

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that […]

Canada’s unemployment rate ticked up to 6.9 per cent in April, Statistics Canada said on Friday, matching the highest rate seen in eight years outside of the pandemic. The economy added a very slight 7,400 jobs during the month. Most of the increase was due to temporary workers hired in the public sector to work on the federal election. […]

A group of wealthy Canadians calling themselves “Patriotic Millionaires” is banding together to lobby governments to increase the amount of taxes they must pay, with a campaign patterned after similar movements in the United States and United Kingdom. But there is already pushback on the concept — even before the group officially launches in Canada […]

Jenna Kardal was floored by the jaw-dropping initial quote she received when seeking out car insurance — a shock after having driven for years under her parents’ plan and since her car was bought used, already about a decade old. “I was like, ‘You cannot be serious,’” the now 30-year-old Calgary driver recalled in an interview with Cost […]

As Canada’s reliance on U.S. produce hits the spotlight, one Ontario farmer has a pitch: locally grown, year-round produce, grown by artificial intelligence and automation.  In a sprawling two-hectare greenhouse, tucked inside a wooden red barn in King City, Ont., an animated Jay Willmot, farmer and entrepreneur, shared his vision.  “From sowing and seeding, all the way through […]

The chief executive of pipeline builder Enbridge Inc. says he’s encouraged by how governments in both Canada and the United States are recognizing the need to build oil and gas projects more quickly. “I’m completely enthused about it,” Greg Ebel told analysts on a conference call Friday to discuss the company’s latest financial results. Energy […]

Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air for a total of $550 million US. Under the deals announced Friday, Delta will acquire a 15 per cent stake in the Calgary-based airline for $330 million US, while Korean Air will buy a 10 per cent stake for $220 […]

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said on Thursday. The central bank says in its latest Financial Stability Report that at the start of the year, households had, on average, less debt relative to their […]

China has announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump’s trade war, as the two sides prepare for talks later this week. Beijing’s central bank governor and other top financial officials outlined plans Wednesday to cut interest rates and reduce bank reserve requirements to help free up more […]

WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business model. Shares of the company, which once boasted media mogul Oprah Winfrey as one of its top shareholders, slumped 40 per cent in extended trading on […]

Business leaders were hopeful the White House meeting between Prime Minister Mark Carney and U.S. President Donald Trump would provide a framework for how trade talks may progress.  After the two leaders spoke in the Oval Office, an unlikely winner appears to be emerging: the Canada-U.S.-Mexico Agreement on trade (CUSMA, or USMCA as it’s called […]

Canada’s trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5 per cent in March, driven by a 2.9 per cent slump in imports from the U.S. after Canada imposed retaliatory tariffs on its neighbour […]

U.S. President Donald Trump says he wants to impose a 100 per cent tariff on movies produced outside the country, a move that could devastate the Canadian film landscape — but experts are scratching their heads over how such a tax would work, given how intertwined the global film industry is. Trump, in a Truth […]

The Competition Bureau says it is taking Canada’s Wonderland to court because it alleges the company that runs the amusement and water park north of Toronto engages in “deceptive marketing practices.” In a news release on Monday, the bureau accuses Canada’s Wonderland Company of “drip pricing,” a practice in which a company advertises “lower prices than what consumers […]

General Motors is laying off about 750 workers at its Oshawa Assembly plant as it makes changes to shifts due to U.S. tariffs, the president of the union representing workers said on Friday. The plant, which employs roughly 3,000 people, is moving from a three-shift to a two-shift operation starting this fall, according to a […]

The Canadian oilpatch has a brand-new pipeline, something it’s pleaded for year after year, and it offers a relatively quick route to the West Coast and overseas markets. But a year in, the newly expanded Trans Mountain Pipeline still isn’t running at full capacity — though the CEO of the Crown corporation says he doesn’t […]

In 2015, Carter Li decided he wanted an electric car. He was living in a condo in downtown Toronto, and figured he could negotiate with the condo building to get an EV charger installed in his parking stall if he agreed to cover not just his own costs, but some of the building’s costs. “I […]

Warren Buffett said on Saturday he will step down as chief executive of Berkshire Hathaway at the end of the year, and hand over the reins to vice-chair Greg Abel. “I think the time has arrived where Greg should become the chief executive of the company at year end,” Buffett, 94, said at Berkshire’s annual meeting. […]

Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States. The Vancouver-based apparel company said Thursday that the Asian country is one of the top three countries it relies on to make its clothing, but it intends to cut its […]

After striking workers took to picket lines and a “couple million” packages piled up just before Christmas last year, Canada Post is back at the negotiation table with the union representing its employees this week. The Canadian Union of Postal Workers (CUPW) and the postal service are trying to reach a deal on a new […]

For years, Shein and Temu used a U.S. tax loophole to keep their costs low and send items to the country ultra-quickly. Not anymore. U.S. President Donald Trump signed an executive order on April 2 to end the de minimis exemption — a rule that allows small packages worth less than $800 US to enter the U.S. […]

U.S. Customs and Border Protection guidance released today says automobile parts compliant with the Canada-U.S.-Mexico Agreement (CUSMA) on trade will not be hit with U.S. President Donald Trump’s tariffs. The 25 per cent auto part duties were set to go into place on Saturday. The guidance says the exemption does not apply to automobile knock-down […]

China has created a list of U.S.-made products that would be exempted from its 125 per cent tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington. China has already granted tariff exemptions on select products, including select pharmaceuticals, microchips […]

U.S. tariffs and Canada’s response could result in 68,100 fewer jobs in Ontario this year, a new report estimates.  This figure may increase to 119,200 jobs in 2026 and 137,900 jobs in 2029, according to the report by the Financial Accountability Office of Ontario (FAO), released Wednesday.  The FAO provides independent financial and economic analysis […]

Despite Mark Carney’s pledges throughout the election campaign to kick-start the country’s economy, build energy corridors and transform the country into an energy superpower, many in the oilpatch are unconvinced there will be any change in policy direction from the re-elected federal Liberals.  Grant Fagerheim, CEO of oil company Whitecap Resources, woke up early Tuesday […]

U.S. President Donald Trump signed an order to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner, developments that eased investor worries about Trump’s erratic trade policies. The change comes […]

A judge is ordering the duty-free shop at Canada’s second-busiest border crossing into receivership as it struggles to pay off millions of dollars in debt and overdue rent. In a ruling earlier this month, the Ontario Superior Court of Justice appointed a receiver for the Peace Bridge duty-free shop who is empowered to take control […]

Stocks? Down. The U.S. dollar? Same. Demand for U.S. bonds? Also sinking. This isn’t supposed to happen — not all three at once. But Barry Eichengreen sees a historic reaction where there’s really one common theme: a collapse in faith in the United States. “Global investors have concluded that there is a madman in the […]

The planned construction of a multi-billion dollar, net-zero petrochemical project near Edmonton will be delayed as chemical firm Dow Inc. looks to conserve cash amid unfavourable market conditions, the company said Thursday. Dow’s Path2Zero facility — to be built in Fort Saskatchewan in Alberta’s Industrial Heartland — was first announced in 2021 and garnered financial backing from the […]

With a licence plate and set of keys in hand, Jerry Chen gets into the new Toyota Highlander his family decided to purchase before U.S. President Donald Trump’s auto tariffs kicked into gear. Chen and his wife, who have two children, bought the vehicle from a Toyota dealership in Bloomfield Township, a northern suburb of Detroit.  […]

Through a fluke of timing, the federal election coincides almost perfectly with the one-year anniversary of the government-owned Trans Mountain Pipeline expansion coming online — at a time when public sentiment around pipelines is relatively positive. The two campaign front-runners are both emphasizing energy infrastructure, driven by U.S. President Donald Trump’s tariffs and threats of annexing […]

For Mina Ely, fur has never been out of style. With her family’s Russian Jewish heritage, furs were the norm for both esthetic and practical reasons during cold Toronto winters. “I would always remember when they would go out, or when they would go to shul, it was just something they would wear, because you […]

China exempted some U.S. imports from its 125 per cent tariffs on Friday, according to businesses, although China quickly knocked down U.S. President Donald Trump’s assertion that negotiations between the two countries were underway. Trump’s administration has in recent days signalled it is looking to de-escalate the confrontation between the world’s two largest economies, which has so far frozen much of […]

When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for the jewelry department, where they […]

Canada’s united boycott of U.S. booze could result in a banner year for British Columbia’s wine industry, while also delivering a financial blow to vineyards south of the border. The Buy Canadian movement is expected to boost demand for B.C. wine and some other types of homegrown liquor as the absence of U.S. product means […]

The White House has indicated that it could lower its tariffs on China, but experts say the exact figures might not make much of a difference. Right now, the U.S. has 145 per cent blanket tariffs on Chinese goods, while China has a 125 rate on U.S. goods. The levies jumped to those levels earlier this […]

Clothing retailer Frank and Oak is closing all 14 of its stores in the coming weeks and selling its intellectual property to a Montreal-based company as part of ongoing restructuring efforts. In a press release, the company says the Superior Court of Quebec approved the sale of the brand to Lamour Group and Thread Collective […]

The Quebec Court of Appeal is ordering Air Canada to pay passengers more than $10 million in damages in a class-action lawsuit that alleged they were charged higher amounts than the ticket price advertised. In a ruling Tuesday, Justice Judith Harvie wrote that Air Canada showed “ignorance and laxity” when the airline concluded it was […]

U.S. President Donald Trump on Monday kept up his verbal attacks on Federal Reserve Chair Jerome Powell over the Fed’s refusal for now to further cut interest rates. On social media, the president referenced Powell when he said a slowdown would be coming to the U.S. economy unless “Mr. Too Late, a major loser, lowers interest rates, now.” This […]

Hudson’s Bay Co. has stopped paying commission to hundreds of cosmeticians and fragrance advisers during liquidation sales, effectively reducing their salaries. These workers, also known as beauty advisers, earn commission on products sold, on top of their base salary. Hudson’s Bay notified the beauty advisers 12 days in advance that, starting on April 20, they would […]

Think you’ve found a great deal on TikTok to buy Lululemon or Louis Vuitton directly from the factory? Experts say you might want to think again about how real the claims in that video are. In recent days, social media users claiming to have an inside scoop on how and where luxury brands are really made […]

Wall Street weakened Monday as investors worldwide became more skeptical about American investments, something many economists suggest is due to U.S. President Donald Trump’s trade war and his ongoing criticism of the Federal Reserve. The S&P 500 sank 2.4 per cent in another wipeout. That yanked the index 16 per cent below its record set two months ago. The […]

As the trade war between the U.S. and China escalates, the biggest questions are which side has more leverage and which is willing to tolerate more pain. China exported more than $400 billion US to the United States last year, much more than American companies sold to China. That’s why the Trump administration claims it […]

Tariffs are spelling uncertainty for a family business that allows Canadians to use its U.S. shipping address to receive packages from the States. Halfway House Freight Forwarding is an aptly named parcel pick-up spot that sits halfway between the official Canada-U.S. border crossings in Dundee, Que., and Fort Covington, N.Y. One red door leads to Canada, […]

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a sky-high tariff on goods shipped from China. Temu, which is owned by the Chinese e-commerce […]

Google has been branded a monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online advertising technology to boost profits, fuelling an internet empire currently worth $1.8 trillion US.  U.S. District Judge Leonie Brinkema in Alexandria, Va., ruled that Google unlawfully monopolized markets […]

A steep decline in Canadian travel to the U.S. has dealt a blow to airlines that usually cash in on popular Florida beach vacations and family trips to Disneyland. That’s left airlines scrambling to adjust their summer schedules, trim U.S. flight capacity and add more seats to destinations within Canada and overseas. WestJet, for example, […]

Hudson’s Bay has asked a court to allow it to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts. The collapsing department store chain known as Canada’s oldest company filed a motion with the Ontario Superior Court of Justice late […]

 A program announced this week to help some Canadian businesses faced with expensive counter-tariffs might not be enough to entirely spare some manufacturing firms from damage, say observers. And one such company in rural Manitoba is already feeling the bite.  Since the trade war with the U.S. erupted last month, PhiBer Manufacturing has been paying “tens of thousands of dollars […]

Though the deadline to file tax returns is less than two weeks away, tax slips for many Canadian taxpayers are still not showing up through the Canada Revenue Agency’s (CRA) online platforms. Each year, employers and financial institutions have to give copies of tax documents — like T4 slips, which show income information from your […]

The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts. Instead, the central bank produced two scenarios on what could happen, including one that predicted a deep recession in Canada and […]

California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging U.S. President Donald Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China, or a […]

After months of trade war back-and-forth, the impact of tariffs is starting to make its way onto our dining room tables, according to experts working in the Canadian food and grocery industry. Small grocers in particular have been paying more for the products that line their shelves, said Gary Sands, senior vice-president of the Canadian […]

Federal Finance Minister François-Philippe Champagne has announced help for Canadian businesses affected by the trade dispute with the U.S., giving them time to adjust their supply chains. The minister says the government intends to provide temporary six-month tariff relief for goods imported from the U.S. that are used in Canadian manufacturing, processing, and food and […]

President Donald Trump on Monday suggested that he might temporarily exempt some auto manufacturers from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office. The Republican president said […]

Mark Zuckerberg, the CEO of Meta Platforms, took the stand on Monday at a high-stakes trial in Washington over claims by U.S. antitrust enforcers that the company spent billions of dollars to acquire Instagram and WhatsApp to fend off Facebook competitors. The U.S. Federal Trade Commission (FTC) argues that the Meta acquisitions from more than a decade ago were done to […]

The General Motors CAMI Assembly plant in Ingersoll, Ont., will shut down next month with plans to reopen in the fall at half capacity. The company said in a statement Friday that production is coming to halt as a direct result of the market and available inventory to build the BrightDrop electric delivery vehicles manufactured at the plant. […]

As It Happens5:26Duty-free shop owner says business is suffering as Canadians avoid the U.S. If business doesn’t pick up soon at his duty-shop, Éric Lapointe says he’s going to have to lay people off.  “I’ve had three customers today so far,” the store owner told As It Happens host Nil Kӧksal on Friday afternoon. “It’s […]

In late January, then-prime minister Justin Trudeau and the country’s premiers urged people to “choose Canada” by purchasing Canadian products amid the growing threat of U.S. tariffs. “There are many ways for you to do your part,” Trudeau said on Jan. 22. “It might mean checking the labels and picking Canadian-made products.” With U.S. tariffs […]

The Trump administration late Friday said it would exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. The move would also benefit big tech companies like Apple and Samsung, and chip makers like Nvidia. U.S. Customs and […]

Clicking “add to cart” may soon come with some additional sticker shock. As tariff pressures force some sellers in China to increase their prices for U.S. markets, some retail experts say Canadians shopping online could potentially feel the ripple effects on everything from electronics to socks. This comes as U.S. President Donald Trump hiked duties on Chinese goods […]

A group of Democratic lawmakers is calling on the Securities and Exchange Commission (SEC) to investigate “potential violations” of federal securities laws by U.S. President Donald Trump or members of his inner circle. In a letter released on Friday, they asked the independent government agency to investigate “whether President Trump, any members of his cabinet, […]

U.S. stocks were diving on Thursday, surrendering much of their historic gains from the day before, as President Donald Trump’s trade war continues to confuse and threaten the economy — even if its temperature has cooled a bit. The S&P 500 was down 3.5 per cent at close, slicing into Wednesday’s surge of 9.5 per cent following Trump’s decision to pause […]

Apparel retailer Frank And Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7. Court documents show the Montreal-based company has 150 employees, but when asked about how many will lose their job as a result of the closures, spokesperson Elisabeth de Gramont said she did not yet have […]

When political science professor Arash Abizadeh heard last month about foreign travellers being detained at the U.S. border, he cancelled plans to speak at an upcoming academic conference in Durham, N.C. He believes heightened scrutiny at the U.S. border makes travel to the country too uncertain.  “Why would we subject ourselves to this?” asked Abizadeh, who teaches […]

U.S. government bonds underwent a big sell-off early Wednesday, signalling investors were dumping the usually safe assets as tariff turmoil continues to rock the world. After approaching 4.5 per cent in the morning, the yield — or interest rate on bonds — on the 10-year Treasury note pulled back to 4.37 per cent following U.S. President […]

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. And economists who spoke to CBC News say one is virtually inevitable, unless we see a big pivot from the U.S. […]

U.S. stocks dropped Tuesday after a second day of stunning reversals brought on by tariff unease. The S&P 500 fell 1.6 per cent Tuesday after wiping out an early gain of 4.1 per cent, which had it on track for its best day in years. That brought the index nearly 19 per cent below its record set […]

Stock markets sank for the third day Monday after U.S. President Donald Trump announced sweeping global tariffs last week, and no one is coming out unscathed — but some sectors are seeing more volatility than others. All three major U.S. indexes touched their lowest levels in more than a year in early trading on Monday, before rebounding somewhat, […]

A pair of reports from the Bank of Canada pointed to declining business and consumer sentiment in the first quarter as the uncertainty over U.S. tariffs took their toll. The central bank’s business outlook survey said Monday that 32 per cent of firms are now planning with the assumption that a recession will occur in […]

Immigration advocates are suing the Trump administration over its upcoming registration requirement for non-U.S. citizens staying longer than 29 days, offering a possible reprieve for Canadian snowbirds. The U.S.-based American Immigration Council and partner organizations launched the suit this week to try to quash the registration rule. They claim the administration failed to seek public […]

The Canadian economy shed 33,000 jobs in March according to Statistics Canada — the biggest loss since January 2022. The agency said the unemployment rate also ticked slightly higher, rising to 6.7 per cent in March from 6.6 per cent in February. The overall decrease also came as 62,000 full-time jobs were lost in the month, […]

Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost six per cent after China matched U.S. President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected […]

Housing is about to get a lot more expensive in the next decade if the federal government does not revamp its immigration program bringing in skilled workers, according to the construction industry.  “We’re really struggling with getting the right type of workers,” said Sue Wastell, president of London, Ont.-based real estate developer Wastell Homes.  Many […]

In a sprawling exhibition centre in Hanover, Germany, thousands of businesses, including 250 from Canada, are taking part in one of the world’s largest trade fairs focused on industrial technology and innovation.  Rows of booths and flashy displays are meant to spark conversation, but much of the discussion has been about the U.S. tariffs, which […]

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. “The deal requires more work to ensure all necessary approvals are signed,” Trump said […]

Global stock markets were wiped out by more than $2 trillion US on Thursday as investors reacted to Donald Trump’s sweeping new tariffs. Markets were caught off guard by how steep and how broad the tariffs were. “Markets have voted — this is obviously bad for U.S. and world growth,” wrote Derek Holt, vice-president and […]

The Trump administration announced a new suite of trade measures on dozens of countries Wednesday. And if the new rules have your head swimming, you’re not alone. In short, Canada was spared the worst of it, but the current measures will still have massive implications for this country and the rest of the world.  Here […]

Rogers will continue to bring hockey to Canadians for another 12 years, following the announcement of another exclusive deal between the telecommunications company and the NHL. The $11-billion deal announced today gives Rogers the rights to broadcast hockey games across the country until 2037-38. The details are similar to the past deal, which also spanned 12 […]

Nintendo has announced a launch date for its long-awaited sequel to the Switch gaming console: the Switch 2 will arrive on June 5, bringing with it new features such as interactive chat and screen-share functions to connect gamers — but also a steeper price tag.  At its 60-minute Nintendo Direct presentation, the company revealed a […]

If looming 25 per cent tariffs on the auto industry go ahead on April 3 as previously announced by the U.S. government, experts say they’ll have a huge impact on the price of cars for Canadians. U.S. President Donald Trump’s administration announced last week that a 25 per cent tax on all fully-built vehicles imported […]

The Office of the U.S. Trade Representative released its annual list of global trade barriers Tuesday, and it includes Quebec’s controversial language law Bill 96 as a trade irritant between the two countries.  The nearly 400-page National Trade Estimate Report lists in almost encyclopedic detail all of the tariff and non-tariff barriers present in countries that […]

It’s official — the consumer carbon tax is over, starting today.  Mark Carney cancelled the fee on his first day as prime minister last month, signing a directive for the fuel charge to be removed on April 1. The levy had been added to the sale price of carbon-emitting products by fuel type. For gasoline, it was […]

On a day when U.S. President Donald Trump took aim at the vehicle manufacturing industry, Ontario autoworkers said it’s the latest wave in what’s been a storm of uncertainty and more proof the Canadian industry needs government support. Late Wednesday, Trump said he’d signed an executive order that will impose a 25 per cent import tariff on vehicles not made […]

With Hudson’s Bay approaching its last few months, shoppers in Waterloo region reminisced about fond memories of the store, from meeting Darth Vader to eating at the store’s Arcadian Court. Earlier this month, Canada’s oldest retailer, Hudson’s Bay Co., filed for creditor protection and said it intends to restructure the business. All but six stores will be liquidated. […]

An unusual billboard caught Tom Smith’s eye earlier this week as he was heading to work at Emory University in Atlanta. Paid for by the Canadian government, the billboard told Americans in big bold letters that “tariffs are a tax on your grocery bill.” “I thought it was pretty novel,” said Smith, an economics professor. […]

An Ontario judge has rejected a Hudson’s Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership. In a written decision issued Saturday, Justice Peter Osborne of the Superior Court of Justice said he declined to approve the agreement because it is “neither necessary nor appropriate at this […]

Standing next to half a dozen white oak barrels full of aging Kentucky bourbon, on the floor of his small Louisville, Ky., distillery, Victor Yarbrough holds up his laptop and starts reading his emails. As the co-founder of Brough Brothers Distillery, he’s visibly taken aback by what’s landed in his inbox. And as a polite […]

To show support for Canada amid a trade war with the U.S., John Mackay says he tries to only buy Canadian products during grocery runs. That’s why the 81-year-old from Tillsonburg, Ont., said he’s complained to Metro multiple times after seeing orange juice with pulp by Irrésistible — a Metro-owned private-label brand — with a […]

Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February. The agency said Friday that real gross domestic product rose 0.4 per cent in January thanks largely to a boom in the oil and gas, quarrying and mining industries. That marks […]

Donald Trump says he wants to see more vehicles made in America. It’s a handy slogan and might once have been a viable idea. The problem is there’s no such thing as a Made in America car anymore. And there hasn’t been for years. Since Canada and the U.S. signed the Auto Pact in 1965, auto manufacturers […]

Canada’s oldest company, Hudson’s Bay, may be on the verge of gaining more time to save the six stores it has temporarily been able to rescue from liquidation. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a way forward, […]

Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April 8, if it hasn’t found a […]

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. That’s according to the central bank’s summary of deliberations released Wednesday, which offers a look at how governing council arrived […]

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. Under U.S. law, it can be a crime to mishandle, misuse or abuse classified information, though it is unclear whether those […]

Amid a global flight crew shortage, the union representing WestJet pilots has asked a judge to quash federal approval of temporary foreign workers in the cockpit. In an application it said was filed Monday, the Air Line Pilots Association petitioned the Federal Court to declare invalid a government decision allowing temporary work permits at regional […]

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.  Speaking on background, a White House official told CBC News that despite Trump’s repeated threats about sector-specific tariffs, they may not actually happen next month.  “Obviously POTUS has […]

When heavyweight boxing champion George Foreman signed a profit-sharing deal in 1994 on the kitchen appliance with which he would become synonymous, his expectations were modest.  Foreman was already being courted by blue-chip companies, who paid money up front. The outlook didn’t improve when the second royalty cheque for what would be named the George Foreman […]

Two Tesla vehicles were set on fire in what Calgary police believe are separate, intentional incidents this week. Acts of vandalism against the electric vehicle manufacturer have multiplied since U.S. President Donald Trump took office and appointed Elon Musk to oversee the new Department of Government Efficiency (DOGE), which has been slashing government spending and programs. Investigators say […]

Sam Van Uden, 21, runs the seeder on a prairie farm in southern Alberta. It’s good hours, but the paycheque doesn’t stretch the way it did for young adults who used to start this way. That’s what he wants this federal election campaign to focus on, and he’s not alone.  “Talking to my parents, the money that […]

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. Musk’s influence in the White House has been tied to anger directed at Tesla — including Molotov cocktails thrown at a showroom […]

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.  The Friday approval from Ontario Superior Court Judge Peter Osborne allows the retailer to begin selling off inventory at most of its 80 Hudson’s Bay stores, three Saks […]

U.S. President Donald Trump on Friday awarded Boeing 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. The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones. Trump, […]

Calgary-based WestJet is considering whether to use temporary foreign workers (TFWs) to fly its planes. In a statement, spokesperson Julia Kaiser told CBC News the airline is exploring the labour market impact assessment (LMIA) process as one of “multiple avenues” to meet a shortage of WestJet Encore captains.  The LMIA is essentially a piece of […]

It’s as Canadian as hockey, the maple leaf and Canada geese. Or is it? In the past, Tim Hortons rightfully earned its place as a Canadian icon, starting with one coffee shop in Ontario and eventually building an empire that made Timbits and double doubles part of the national lexicon. But after the company was […]

Google’s parent company, Alphabet, has struck a deal to buy cybersecurity firm Wiz for $32 billion US in what would be the tech giant’s biggest-ever acquisition, a move which comes at the same time it’s facing a potential breakup of its internet empire.    The proposed takeover announced Tuesday is part of Google’s aggressive expansion into […]

Activists sprayed paint on the exterior of a Tesla dealership in Montreal on Wednesday, as cases of vandalism climb in the United States and around the world against Elon Musk’s electric car company. Montreal police arrested a young man and woman at the dealership on Décarie Boulevard in the city’s Côte-des-Neiges–Notre-Dame-de-Grâce borough. The climate group Last […]

Whether or not Hudson’s Bay Company will have to undergo a full liquidation or will be able to keep some stores afloat while it restructures is still unknown — the indebted retailer has received another extension from an Ontario judge that will push the decision to the end of the week.  Ashley Taylor, lawyer for Hudson’s Bay, […]

The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday.  That marks a sizable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken off a variety of household […]

McDonald’s Canada is trying its hand at a vegetable-based burger — again. The fast-food chain announced Tuesday that it will test its new McVeggie at some restaurants in Langley, Richmond and Surrey, B.C., as well as Brampton and Windsor, Ont., and Dieppe, Moncton, Riverview and Sussex, N.B., until April 14. The sandwich, which will come […]

Soaring demand for electricity is leading some companies to not only think out of the box for a solution, but out of this world, too. Researchers are looking to supersize the production of wind and solar power. Several startups and small companies have an eye on revolutionizing the sector, such as building the largest aircraft in […]

PepsiCo said Monday it will buy prebiotic soda brand Poppi for $1.95 billion US, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Young Americans are increasingly turning to healthier sodas and energy drinks as part of a broader shift to fitness and […]

Once again, U.S. President Donald Trump lambasted Canada on Wednesday — this time, for allegedly imposing exorbitant tariffs on dairy products. Those claims, made during a White House visit from the Irish prime minister, come less than a week after he mischaracterized the Canada-U.S.-Mexico Agreement (CUSMA) — a deal he negotiated — making an important omission while […]

Troyhann Santos checks the federal government’s latest list of counter-tariffs and makes a crushing discovery. Starting immediately, she’ll have to pay a 25 per cent tariff on most merchandise coming into her lacrosse equipment store, Lax Shack, in Pickering, Ont. “To get hit with something like this is terrifying,” said Santos. “It’s a terrible gut […]

The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and now spans […]

Larry Fink sends an annual letter to the bosses of all the companies in which he is invested, and a few years ago a major theme was decarbonization. As chief executive of BlackRock, the world’s largest asset manager, his message carries clout for investors and corporate leaders around the world. His next letter is coming […]

Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances.  The documents were submitted as part of its creditor protection filing last week. The company owes a total of $950 million to nearly 2,000 secured and unsecured creditors, […]

A group of big-name companies including Google, Meta and Dow have signed a pledge to support tripling the world’s nuclear energy capacity by 2050, a signal of the technology’s growing resurgence in popularity. It mirrors a similar commitment made by a group of countries including Canada at the UN climate conference in Dubai in 2023, and a pledge […]

Walmart Canada will stop selling machetes — a type of weapon frequently used in violent crimes — in stores across the country, after Manitoba’s government pressured the retailer to restrict online sales. The company “will no longer sell long-bladed weapons Canada-wide,” spokesperson Felicia Fefer said Wednesday night in an email. “We’re currently removing them from sale in our stores and online.” […]

At a Texas energy conference that features some of the field’s most innovative technology (scrubbing carbon from the skies and the race to build the world’s first fusion power plant, for example) — this year, people can’t stop talking about plain old natural gas.  The world’s appetite for liquified natural gas (LNG) is expected to grow […]

Niantic Labs is selling its video-game division to Saudi Arabia-owned Scopely for $3.5 billion US, as the American augmented reality firm shifts focus to geospatial technology after failing to recreate the success of its 2016 smash hit Pokemon Go. The deal, announced Wednesday, also advances Saudi Arabia’s ambitions to become the “ultimate global hub” for gaming. The […]

The Buy Canadian movement has arrived in the country’s major grocery stores. You’ve probably noticed labels with bright red maple leafs, prominent displays stacked with Canadian products or promotional flyers that tout homegrown items.  “All the best things have always been made here. All we had to do was look,” proclaimed a recent Buy Canadian-themed commercial from supermarket […]

U.S. President Donald Trump lashed out at Canada Tuesday with a vow to ruin the country economically after Ontario levied a surcharge on U.S.-bound electricity to hit back at Trump’s initial tranche of tariffs. Trump is promising to hike Wednesday’s expected tariff on Canadian steel and aluminum from 25 to 50 per cent. The federal government is […]

Colin Bykowski usually crosses the Canada-U.S. border twice a month to buy groceries from Trader Joe’s and toys for his son at Target. The last time he made the trip was a month ago — and he doesn’t know when the next time will be. “It’s funny…. This week we were planning on going, but we decided to […]

Hours after a series of outages on Monday left X unavailable to thousands of users, Elon Musk claimed that the social media platform was being targeted in a “massive cyberattack.” “We get attacked every day, but this was done with a lot of resources,” Musk claimed in a post. “Either a large, co-ordinated group and/or […]

A small cube snakes around a blank canvas, trying to paint as much space as possible and eliminate other cubes trying to do the same. It’s called Paper.io 2 and is one of the games nine-year-old Jamie Dermody plays most often on his tablet in his Toronto home. Jamie’s mother, Sarah Dermody, says she tries […]

Cost of Living4:37Tapping into the hidden job market When Rose Asgharzadeh moved to Calgary in 2023, she wasn’t worried about finding a job. Her 14 years of experience teaching human resources at a university in Iran made her a literal expert on finding a job.   But after 500 applications on LinkedIn and Indeed — mostly […]

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. Population growth has slowed considerably over the last 12 months. The number of Canadian adults grew at its slowest pace since April 2022 in February, adding 47,000 […]

Millions of dollars and thousands of jobs are in flux for Canadian businesses, as constant changes to tariffs mean companies based in this country are either avoiding financial decisions or feel they are unable to make them. From large multinationals to small outfits with less than a dozen employees, the repetitive cry of “uncertainty” is causing more […]

Canada’s oldest retailer, Hudson’s Bay Co., has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 says it has been facing “significant” pressures including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic declines in downtown store traffic. “While very difficult, this is […]

The federal government is launching a more than $6-billion aid package for businesses impacted by U.S. President Donald Trump’s tariffs and relaxing some employment insurance (EI) rules to help workers. Steven MacKinnon, Mary Ng and Rechie Valdez — the ministers of labour, international trade and small business — made the announcement Friday afternoon. “We have […]

South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports persists. The levy imposed this week, and Canadian counter-tariffs against the U.S., have caused volatility […]

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. On Thursday, Seven & i named its board chairman, Stephen Dacus, as its new president and […]

Canadians’ pocketbooks will likely be the victim of a prolonged trade war with the U.S., with the prices on consumer goods potentially rising over the next weeks, some analysts say. “We will see prices across the board going up,” said Andreas Schotter, a professor of business at Western University in London, Ont. “I could imagine that on certain […]

A last-minute decision to exempt new bare trust filing requirements led to “wasted time and effort,” according to a new report from the office of Taxpayers’ Ombudsperson François Boileau. The Canada Revenue Agency (CRA) didn’t provide timely information to allow taxpayers and tax professionals to prepare for the new filing requirements and what was provided […]

A new survey gauging the emotional temperature of Canadians confirms what most on this side of the border already know:  U.S. President Donald Trump’s annexation and tariff threats are making people mad.  Fifty-five per cent say they are feeling anger, followed by 37 per cent who say they feel betrayed, according to the Angus Reid Institute […]

Stocks tumbled in morning trading on Wall Street on Tuesday as a trade war between the U.S. and its key trading partners escalated, but uncertainty around the tariffs’ duration has made the impact on global markets scattered. The tariffs between the United States, Canada, Mexico and China have helped to extend a recent slump for U.S. […]