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CBC Business News

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Updated: 1 hour 12 min ago

Marketplace found up to 1 in 3 groceries get labelled as Canadian. Customers say they're skeptical

1 hour 29 min ago

To find out how often grocery stores are labelling products with Canadian symbols, Marketplace collected data from the websites of some of the country’s largest grocers.

Categories: Business News

GDP hit wall in February after January boost, says StatsCan

Fri, 2025-03-28 06:12

Statistics Canada says the Canadian economy was off to a solid start in January, but early signs suggest growth hit a wall in February.

Categories: Business News

Is there such a thing as a Made in America car anymore?

Fri, 2025-03-28 01:00

There's no such thing as a "Made in America" car anymore. And there hasn't been for years. Cars across the continent are made through an intricate and complex web of companies working together to make cars efficiently and bring down cost for consumers. Undoing that process would cost billions of dollars and take years to rebuild.

Categories: Business News

Hudson's Bay could potentially win more time to save 6 stores so far spared from liquidation

Thu, 2025-03-27 08:32

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.

Categories: Business News

From meeting Darth Vader to eating at the food court, Waterloo region shoppers remember Hudson's Bay

Thu, 2025-03-27 03:00

Earlier this month, Hudson’s Bay filed for creditor protection with the intention of restructuring the business. All but six of the company’s stores are now liquidating. CBC KW’s John Dalusong went to two of Waterloo region’s Hudson's Bay stores to ask shoppers how they feel about the Canadian icon’s impending closure.

Categories: Business News

Fear and uncertainty for Ontario autoworkers after Trump announces 25% tariff

Thu, 2025-03-27 01:00

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.

Categories: Business News

Bank of Canada says it would have likely held interest rate steady if not for tariff uncertainty

Wed, 2025-03-26 11:49

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.

Categories: Business News

Hudson's Bay wants court to OK agreement that offers it a few extra days to save 6 stores

Wed, 2025-03-26 10:14

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.

Categories: Business News

Winnipeg automation company lays off 1/3 of staff as trade war leads to 'spending freeze'

Wed, 2025-03-26 03:00

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.

Categories: Business News

Hudson's Bay managers will get up to $3 million in bonuses, but workers get no severance

Wed, 2025-03-26 01:00

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. 

Categories: Business News

Canada freezes rebate payments to Tesla, bars it from future programs due to tariffs

Tue, 2025-03-25 17:47

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.

Categories: Business News

What happens to your DNA data now that 23andMe has filed for bankruptcy?

Tue, 2025-03-25 12:42

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.

Categories: Business News

WestJet pilots ask judge to nix approval of temporary foreign workers in the cockpit

Tue, 2025-03-25 10:05

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

Categories: Business News

What is Signal, the messaging app Trump team used to share war plans?

Tue, 2025-03-25 08:40

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.

Categories: Business News

Nearly 1.3 million Ford F-150 trucks being investigated in U.S. over unexpected gear shift

Tue, 2025-03-25 07:47

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.

Categories: Business News

Chinese EV giant BYD overtakes Tesla with annual sales topping $100 billion US

Tue, 2025-03-25 07:07

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.

Categories: Business News

George Foreman's famous grill wasn't always a knockout

Mon, 2025-03-24 09:02

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.

Categories: Business News

Some industries may be spared from next round of U.S. tariffs despite Trump threats

Mon, 2025-03-24 07:51

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. 

Categories: Business News

DNA testing firm 23andMe files for bankruptcy, CEO resigns

Mon, 2025-03-24 07:21

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.

Categories: Business News

Liquidation of Hudson's Bay begins at all but 6 stores

Mon, 2025-03-24 06:20

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. 

Categories: Business News

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