Category: Business

The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they […]

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. The three banners, which are owned by the New York-based Authentic Brands Group (ABG), represent 25 stores in Canada.  Matthew Butler, a spokesperson representing Ted Baker Canada, confirmed […]

The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of three quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social media platform X, formerly Twitter, of a man sitting […]

FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. FTX said in a court filing late Tuesday that it owes about $11.2 billion US to its creditors. The exchange estimates that it has between $14.5 […]

Ravindra Kumar finds great pleasure in sharing a glass of whisky with his friends at his bar when they visit his home in Brampton, Ont. He has a fondness for all types of whisky, including those from his homeland of India.  However, he’s frustrated by the limited availability of Indian whisky at his local Liquor […]

Two days after Ashley Thomassen gave birth to her first baby, she and her husband checked into a Toronto hotel.  Not just any hotel.  For the next two weeks, they had 24/7 help acclimating to life as new parents. When they needed help breastfeeding, a staffer appeared in minutes. When they needed rest, they could […]

Prominent business groups are backtracking on their claim that one in five Canadians would be affected by the federal government’s proposed changes to capital gains taxation. In a letter sent to Finance Minister Chrystia Freeland today, the Canadian Chamber of Commerce and other groups said the government’s assertion that only the wealthiest Canadians will be […]

With Swoop folded into WestJet and Lynx folded altogether, Edmonton-based Flair Airlines has emerged as the only ultra-low cost carrier left standing in Canada.  Is CEO Stephen Jones nervous? “Not at all, we’re going to have a great summer,” said Jones, speaking to CBC News on the sidelines of the CAPA Airline Leader Summit in […]

The Canadian economy gained 90,000 jobs in April, much higher than the average of 20,000 jobs many economists were predicting for the latest Labour Force Survey numbers from Statistics Canada. The federal agency pinned the increases in employment on part-time work, with more than 50,000 more of those types of positions. There were more jobs in […]

Canada’s recruitment of international students has tilted strongly toward filling spots in business programs, while doing little to meet the demand for workers in health care and the skilled trades, according to a CBC News analysis of federal data. CBC obtained figures from Immigration, Refugees and Citizenship Canada (IRCC) showing the fields of education chosen […]