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CBC Business News

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Updated: 7 min 30 sec ago

Stellantis assembly plant in Windsor, Ont., to be down for 2 weeks as auto tariffs kick in

2 hours 29 min ago

The Windsor Assembly Plant will be down with workers off the job for the next two weeks, Unifor Local 444 announced  Wednesday evening. 

Categories: Business News

Stocks rise before closing ahead of Trump's tariff announcement in shaky trading day

6 hours 30 min ago

U.S. stocks whipped through another dizzying day on Wednesday in the final hours before U.S. President Donald Trump unveiled the tariffs promised as part of his "Liberation Day," which could drastically alter the global economy.

Categories: Business News

Trump slaps retaliatory tariffs on dozens of countries but Canada is spared the worst this time

7 hours 57 min ago

U.S. President Donald Trump announced Wednesday his long-awaited plan to impose what he's calling "retaliatory" tariffs on imports coming from dozens of countries — but the White House said there will be no more across-the-board levies applied to Canada than what has previously been announced.

Categories: Business News

Amazon among bidders to acquire TikTok as deadline looms for a buyer to be found

8 hours 12 min ago

As the weekend deadline approaches for TikTok to find a non-Chinese buyer to avoid being banned in the U.S., bidders for the short-video social media site are piling up, including Amazon.

Categories: Business News

Nintendo reveals Switch 2 launch date, new features of interactive chat, screen sharing

13 hours 45 min ago

Nintendo has announced a launch date for its long-awaited sequel to the Switch gaming console: the Switch 2 will arrive on June 5, bringing with it new features such as interactive chat and screen-share functions to connect gamers — but also a steeper price tag. 

Categories: Business News

Looking to buy a car? If U.S. auto tariffs go through, you'll likely pay more

20 hours 25 min ago

The 25 per cent tariffs from the U.S. set to go into effect on April 3 would increase the price of a car by thousands, while those in the industry say the mere threat of the tariffs is keeping buyers away.

Categories: Business News

Amazon is selling products calling Canada the 51st state, and many Canadians aren't happy

Tue, 2025-04-01 16:46

A petition is urging retail giant Amazon to disable listings of shirts, hats, stickers and other products emblazoned with quotes referring to Canada as the 51st state or otherwise celebrating the idea of Canada being annexed by its southern neighbour.

Categories: Business News

Trump administration lists Quebec language law Bill 96 as trade barrier

Tue, 2025-04-01 10:14

The Office of the U.S. Trade Representative released its annual list of global trade barriers Tuesday — and it includes Quebec's controversial language law, Bill 96.

Categories: Business News

Hooters, known for skimpy server outfits, files for bankruptcy protection

Tue, 2025-04-01 06:49

Hooters, the U.S.-based restaurant chain known for chicken wings and 'Hooters Girls' in skimpy wait-staff outfits, has filed for bankruptcy protection.

Categories: Business News

Trump's auto tariffs will lead to autoworker pain, 2 Michigan business groups say

Tue, 2025-04-01 04:40

Increased costs would cause "significant disruption throughout the supply chain," according to the Detroit Regional Chamber and MichAuto, an automotive and mobility association.

Categories: Business News

The consumer carbon tax is gone as of today. What will that mean for your wallet?

Tue, 2025-04-01 01:00

Savings at the gas pump will be the biggest, most immediate change, according to experts. But the loss of the carbon rebate will also have an impact.

Categories: Business News

Judge rejects Hudson's Bay restructuring proposal intended to save remaining stores

Sat, 2025-03-29 17:19

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.

Categories: Business News

Explicit Canadian emails target bourbon maker as Trump's trade war intensifies

Sat, 2025-03-29 01:00

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.

Categories: Business News

Canada's anti-tariff billboards in the U.S. go viral — but is anyone swayed?

Sat, 2025-03-29 01:00

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.

Categories: Business News

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

Sat, 2025-03-29 01:00

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

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