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CBC Business News
Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores
An Ontario judge has rejected a Hudson's Bay Company restructuring agreement, increasing the likelihood that lenders may seek to push the company into receivership.
Explicit Canadian emails target bourbon maker as Trump's trade war intensifies
After U.S. President Donald Trump imposed tariffs on some Canadian goods, some provinces decided to pull American alcohol, including Kentucky bourbon off of store shelves. Louisville, Ky.'s Brough Brothers bourbon distillery has been getting angry emails after its co-founder was in the media speaking about the impact of tariffs.
Canada's anti-tariff billboards in the U.S. go viral — but is anyone swayed?
Ottawa has launched an anti-tariff billboard campaign in 12 mostly Republican-voting states and in Washington, D.C. Although the jury is still out on the campaign's effectiveness, one thing's for certain — it has gone viral.
Marketplace found up to 1 in 3 groceries get labelled as Canadian. Customers say they're skeptical
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.
GDP hit wall in February after January boost, says StatsCan
Statistics Canada says the Canadian economy was off to a solid start in January, but early signs suggest growth hit a wall in February.
Is there such a thing as a Made in America car anymore?
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.
Hudson's Bay could potentially win more time to save 6 stores so far spared from liquidation
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.
From meeting Darth Vader to eating at the food court, Waterloo region shoppers remember Hudson's Bay
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.
Fear and uncertainty for Ontario autoworkers after Trump announces 25% tariff
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.
Bank of Canada says it would have likely held interest rate steady if not for tariff uncertainty
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 wants court to OK agreement that offers it a few extra days to save 6 stores
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.
Winnipeg automation company lays off 1/3 of staff as trade war leads to 'spending freeze'
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.
Hudson's Bay managers will get up to $3 million in bonuses, but workers get no severance
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 freezes rebate payments to Tesla, bars it from future programs due to tariffs
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.
What happens to your DNA data now that 23andMe has filed for bankruptcy?
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.
WestJet pilots ask judge to nix approval of temporary foreign workers in the cockpit
The union representing WestJet pilots is asking a judge to quash federal approval of temporary foreign workers in the cockpit.
What is Signal, the messaging app Trump team used to share war plans?
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.
Nearly 1.3 million Ford F-150 trucks being investigated in U.S. over unexpected gear shift
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.
Chinese EV giant BYD overtakes Tesla with annual sales topping $100 billion US
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.
George Foreman's famous grill wasn't always a knockout
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.