Business News

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.

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.

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.

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.