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CBC Business News

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Updated: 1 hour 4 min ago

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

These farmers want cost of living, cutting taxes and tariffs to be the focus this election. Here's why

Sun, 2025-03-23 01:00

What do farmers want this federal election to be about? Here's why affordability, cutting taxes and dealing with tariffs rank high. CBC News visited an Agricultural Expo in Lethbridge as part of a listening campaign ahead of the federal election campaign.

Categories: Business News

Trump picks Boeing over Lockheed for major fighter jet contract

Fri, 2025-03-21 15:38

U.S. President Donald Trump awarded Boeing on Friday 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.

Categories: Business News

WestJet considers hiring temporary foreign workers to solve pilot shortage

Fri, 2025-03-21 11:19

Calgary-based WestJet is considering the use TFWs to fly its planes but the union representing pilots at the airline says it wasn't consulted by either the WestJet or the federal government about the move.

Categories: Business News

Hudson's Bay to liquidate all but 6 stores starting Monday

Fri, 2025-03-21 07:22

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.

Categories: Business News

From bumper stickers to boycotts, how Tesla owners are distancing themselves from Elon Musk

Thu, 2025-03-20 20:50

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.

Categories: Business News

2 Teslas set on fire in Calgary this week, police say

Thu, 2025-03-20 18:11

Calgary police are looking into what they believe are two separate arsons linked to Tesla vehicles in the city this week.

Categories: Business News

Habibi's Lebanese style hummus being recalled due to peanuts not declared on labelling

Thu, 2025-03-20 07:43

Habibi's Mediterranean Foods is recalling its popular Lebanese style hummus because it contains peanuts, which is not declared on the label.

Categories: Business News

'Buy Canadian' Reddit post becomes secret ingredient to help save Ontario condiment business

Thu, 2025-03-20 01:00

The secret ingredient to help save Shenul Williams's small Pickering, Ont., condiment business was a healthy dash of Canadian patriotism.

Categories: Business News

Fate of Hudson's Bay still up in the air as extension on liquidation plan granted until Friday

Wed, 2025-03-19 12:09

Whether the Hudson's Bay Company will undergo a full liquidation or be able to keep some stores afloat 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. 

Categories: Business News

Montreal Tesla dealership vandalized amid backlash against Elon Musk

Wed, 2025-03-19 10:25

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.

Categories: Business News

Google to buy cybersecurity firm Wiz for $32B US in company's biggest ever deal

Wed, 2025-03-19 07:48

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.

Categories: Business News

Is Tim Hortons Canadian?

Wed, 2025-03-19 02:00

Amid the patriotic fervour whipped up by tariff and annexation threats from U.S. President Donald Trump, the debate over whether Tim Hortons is Canadian is as hot as a double double.

Categories: Business News

Vancouver International Auto Show removes Tesla over safety concerns

Tue, 2025-03-18 16:57

The Vancouver International Auto Show has removed U.S. electric carmaker Tesla from its event this week, saying its primary concern was the safety of attendees and exhibitors.

Categories: Business News

McDonald's Canada testing a vegetable-based burger — again

Tue, 2025-03-18 12:31

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.

Categories: Business News

Annual rate of inflation accelerates sharply to 2.6% in February as tax break ends

Tue, 2025-03-18 06:13

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.

Categories: Business News

Hudson's Bay's demise marks the death of the traditional department store in Canada

Tue, 2025-03-18 01:00

Some retail experts say the traditional department store is on its way out in Canada because it didn't change with the times.

Categories: Business News

'It's not science fiction': The moonshot effort to supersize solar and wind

Tue, 2025-03-18 01:00

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.

Categories: Business News

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