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CBC Business News
Trump administration to exclude smartphones and computers from reciprocal tariffs
The Trump administration now says it will exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren't usually made in the U.S.
Are you paying more than before to buy Canadian? Experts say it's complicated
Marketplace analyzed price data from one downtown Toronto Loblaws store from the start of the year to find out if products that are ‘Prepared in Canada’ have increased in price
Will the U.S.-China tariff war drive up online shopping prices for Canadians?
As tariff pressures force some sellers in China to hike their prices for U.S. markets, some retail experts say Canadians shopping online could potentially feel the ripple effects on everything from electronics to socks.
Duty-free shops struggle to make ends meet as Canadians steer clear of U.S.
Duty-free shops across the country, still recovering from pandemic travel restrictions, are reporting massive drops in business in recent months as Canadians increasingly avoid travelling to the U.S.
Democrats pen letter asking SEC to investigate Trump, allies for alleged market manipulation
Stock markets spiked on Wednesday following U.S. President Donald Trump's announcement of a 90-day pause in "reciprocal" tariffs. Six Democrats say that timing raises questions.
Hundreds of workers laid off at Ingersoll, Ont., assembly plant as GM halts production
The General Motors CAMI Assembly plant in Ingersoll, Ont., will shut down next month with plans to reopen in the fall at half capacity.
North American stocks jump on Friday as China-U.S. trade spat continues
Stock markets including the Dow Jones Industrial Average, S&P 500 and Nasdaq were all up Friday after a week of massive fluctuations in response to tariff news.
China hits back at Trump's tariff hike with 125% duties on U.S. goods
Beijing on Friday increased its tariffs on U.S. imports to 125 per cent, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145 per cent, raising the stakes in a trade war that threatens to upend global supply chains.
Frank And Oak to close 9 stores across Ontario, Quebec and B.C.
The Montreal-based clothing retailer filed for creditor protection late last year.
After massive surge on Wednesday, stock markets fall as trade war continues
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were all down a few points on Thursday after the U.S. raised the total tariffs on Chinese products to 145 per cent.
European Union hits pause on planned retaliatory tariffs for U.S.
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.
Canadian travel to the U.S. has plummeted. One reason why: fear
The number of return trips among Canadians travelling to the U.S. has plummeted. Some travellers are cancelling plans due to concern over beefed up border security following the Trump administration's pledge to crackdown on immigration.
Owner of three shopping malls in B.C. says she wants to buy Hudson's Bay
Chinese billionaire Weihong Liu set out her business plans to purchase many of the stores in a video, saying The Bay has hundreds of years of history and she doesn't want to see it collapse.
U.S. bond sell-off drives market worries around the world
Bonds are usually a safe haven that investors would reach for in times of unease. But investors have been selling them, not buying.
Stock markets skyrocket after Trump announces 90-day pause on some tariffs, 125% rate for China
The S&P 500, Dow Jones Industrial Average and Nasdaq all made massive leaps after Trump pressed pause on reciprocal tariffs announced last week, while hitting China with a 125% levy.
A global recession is coming, economists warn
The escalating trade war between the U.S. and nearly every single one of its major trading partners has sparked a flurry of predictions and concerns that a global recession could be around the corner.
North American stocks rise, then drop again after another day of tariff uncertainty
Wall Street posted boomeranging numbers on Tuesday, rising and then falling again as hope for tariffs being postponed faded. A broad slate of tariffs imposed by the U.S. are set to go into effect at midnight tonight.
Apparel brands grappling with 'tariff hell,' says Canadian industry group
Canadian fashion brands are grappling with the impact of Washington's steep new tariffs on garment-making hubs like China, India and Vietnam.
As tariffs roil the markets, here's why some sectors are faring worse than others
As stock markets sank for the third day Monday after U.S. President Donald Trump announced sweeping global tariffs last week, no one is coming out unscathed — but some sectors are seeing more volatility than others.
Trade uncertainty taking a toll on business and consumer confidence: Bank of Canada reports
Central bank's outlook survey shows 32% of firms now planning with the assumption that a recession will happen in Canada in the next year, while job loss fears were dominant for consumers.