Business News

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.

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. 

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.

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.

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

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.

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.

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.

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.

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. 

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.

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.