Indigenous business leaders gathered outside Calgary this week for an energy industry conference say they’re not opposed to building major projects quickly — in fact, they’re all for it.  But as Ontario and B.C. pass bills criticized by First Nations in those provinces for trampling on their rights in the…

The Sunday Magazine21:16Will we still need to learn foreign languages if AI can do the translating? There’s a suite of new and upcoming tools designed to make translation between languages easier and faster than ever before — some, with the help of artificial intelligence. At their I/O 2025 event, for…

Potential price hikes at the grocery store unrelated to tariffs or even inflation? In this economy? Yes, it’s bananas. No, literally: this story is about bananas. Fruit giant Chiquita is one of the top brands leading the global banana industry, and its bananas are sold in 47 countries, including Canada, according to its most recent sustainability report.…

Canada’s unemployment rate rose to seven per cent in May, the highest it’s been in nine years outside of the pandemic, Statistics Canada said on Friday. In its latest Labour Force Survey, the data agency says the unemployment rate has risen to its highest level since 2016, with the exception of the high…

The B.C. government has approved the continued construction of a new pipeline project that could supply natural gas to a proposed floating liquefied natural gas export terminal off B.C.’s North Coast. The Prince Rupert Gas Transmission project is a joint venture between the Nisga’a Nation and Texas-based Western LNG. The approximately 900-kilometre…

A consumer organization filed a complaint with the European Commission on Thursday against online fast-fashion retailer Shein over its use of “dark patterns,” which are tactics designed to make people buy more on its app and website. Pop-ups urging customers not to leave the app or risk losing promotions, countdown timers…

The Bank of Canada held interest rates at 2.75 per cent on Wednesday, pointing to a mixed bag of unexpectedly strong data and the uncertainty of U.S. tariffs as reason for the hold — and some experts say, going forward, rate cuts alone won’t be enough to stop an economic…

Prime Minister Mark Carney has called Tuesday’s doubling of steel and aluminum tariffs by U.S. President Donald Trump “unjustified” and pledged to respond, but what that response might look like isn’t clear yet.  Trump’s order increasing the 25 per cent tariff on steel and aluminum announced in February to 50 per cent…

Hudson’s Bay Co. will live on in some fashion, and what form it takes will be solely up to Canadian Tire.  On Tuesday, the beleaguered department store got court approval to sell its intellectual property, including its iconic multicoloured stripes motif, to Canadian Tire for $30 million. Bankrupt Hudson’s Bay Co.…

Canada Post has rejected a request from the union representing about 55,000 of its workers to send their ongoing labour dispute to binding arbitration. The Canadian Union of Postal Workers made the request in a statement on Saturday, saying it was inviting Canada Post to a fair, final and binding…

Canadian investors are putting more of their money into exchange-traded funds (ETFs), according to recent data, even as the U.S.-led trade war rocks global stock markets, and some experts say rookie retail investors could be at higher risk.  Net sales of exchange-traded funds — a basket of stocks that can be bought and sold…

It’s been a rough start to the golf season for Paul Dame, owner of Bluff Point Golf Resort in Plattsburgh, N.Y., about 100 kilometres south of Montreal. Over the past two months, he said, business for both golf and lodgings has plummeted 30 per cent compared with the same period last year. Dame…

Canada’s economy grew by 2.2 per cent on an annualized basis in the first quarter, Statistics Canada said on Friday, expanding at a rate faster than expected. The growth was primarily driven by exports as companies in the United States rushed to stockpile before tariffs by U.S. President Donald Trump. But…

A U.S. woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia during a heat dome event that also killed more than 600 people in B.C. It’s one of the first wrongful-death claims in the U.S. seeking to hold…

A U.S. federal appeals court on Thursday allowed U.S. President Donald Trump to continue collecting tariffs under an emergency powers law for now, as his administration fights an order striking down the bulk of his signature set of economic policies. The Court of Appeals for the Federal Circuit granted the…

Telecom giant Bell Canada has announced plans to build six artificial intelligence data centres in B.C. Bell AI Fabric will create a “data centre supercluster” in the province beginning with a centre in Kamloops this June and another in Merritt by the end of the year. Mirko Bibic, president and CEO…

Rhode, Hailey Bieber’s makeup and skincare brand, is being snapped up by Elf Beauty for about $1 billion US, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials. Elf said on Wednesday it would pay Rhode shareholders $800…

Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is “winding down,” the companies confirmed after a Reuters inquiry.  The Stellantis SmartCockpit project, which would rely on Amazon’s in-car technology, is the latest example of traditional automakers struggling…

There’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows. Rebecca Oakes, Equifax Canada’s vice-president of advanced analytics, said much of the trend stems from the high cost of living, growing unemployment and…

Business Hudson’s Bay will lay off more than 8,300 employees by June 1, according to documents published Monday evening, at which point the retailer will have closed all its stores and its liquidation sale will have run its course. Some employees will be kept on staff to sell in-store furniture, wind down…

A weekend telephone call between U.S. President Donald Trump and EU chief Ursula von der Leyen gave “new impetus” to trade talks, the EU said on Monday, after Trump dropped his threat to impose 50 per cent tariffs on imports from the European Union next month. Trump restored a July 9 deadline…

Business An Ontario judge has approved a settlement in a class-action lawsuit that accused Loblaw and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread. Judge called settlement excellent, fair and in the best interest of class members The Canadian Press ·…

Talks between Canada Post and negotiators from its union are expected to resume over the next few days, its union said Sunday after the two parties met amid warnings of mail delivery delays tied to a national ban on overtime for postal workers. In an afternoon statement, the Canadian Union…

Day 68:10How the peaceful hobby of doing jigsaw puzzles has been upended by Trump’s tariffs Puzzle people are used to putting pieces in their place. But the chaos of the Canada-U.S. trade war is flipping the industry over, leaving business owners to pick up the pieces.  “It’s the uncertainty. It’s…

Canada Post has not agreed to delay a potential strike by the Canadian Union of Postal Workers (CUPW), effectively pushing the union to agree to its latest offer ahead of a planned labour action set to begin Friday. According to negotiator Jim Gallant, the union had proposed a two-week pause on…

British Columbia’s main outpatient lab services provider and the union representing about 1,200 striking workers have reached a deal through binding recommendations from a mediator, ending roughly 10 weeks of strike action. LifeLabs and the BC General Employees’ Union both said they reached the three-year collective bargaining agreement after receiving…

U.S. President Donald Trump cranked up his trade threats on Friday, recommending 50 per cent tariffs on the European Union and a 25 per cent tariff to be imposed on Apple and other smartphone makers. Trump made the comments about the EU and Apple this morning on social media and elaborated on them this afternoon…

The new federal energy minister delivered a boisterous speech in support of the country’s energy sector on Friday morning, while highlighting his past involvement in the sector and the urgent need to build a variety of new energy projects. Tim Hodgson spoke to a business crowd, which gave him loud…

Will AI soon teach a generation of kids to read, do long division, and that cooties aren’t real, but germs are, so to stop wiping boogers under their desks? Luis von Ahn, founder and CEO of language-learning app Duolingo, seems to think so. Von Ahn has been stirring up a lot of controversy recently…

A Canadian automobile journalist says Stellantis’s decision to postpone production of a Windsor, Ont.-made Dodge Charger model should be concerning for workers at its Windsor Assembly Plant — but it should not be a cause for panic.  Greg Layson says Stellantis didn’t sell a large number of electrified Chargers in…

Canada Pension Plan Investments has dropped a net-zero by 2050 target for carbon emissions, according to an annual report released on Wednesday, following several Canadian financial institutions that have backtracked on climate commitments. CPP Investments noted that there have been recent legal developments in Canada that have introduced new considerations around how net-zero…

After users in Ontario and Quebec reported a widespread outage of Bell Canada’s services this morning, the company said it’s working to restore the system. Data from DownDetector, an outage tracker, showed that complaints spiked around 9:30 a.m. ET, with more than 133,000 reports made. Most of the reports cited issues with landline and mobile internet connections. By…

TotalEnergies has signed a deal to buy two million tons per year of liquefied natural gas for 20 years from the proposed Ksi Lisims LNG project on the north coast of B.C.  The proposed project is a liquefied natural gas plant with a capacity of 12 million tons per year.…

Canada’s inflation rate eased to 1.7 per cent in April, driven by a drop in prices after the federal government removed the consumer carbon tax, according to Statistics Canada. The slowdown came after the inflation rate hit 2.3 per cent in March. Lower crude oil prices were also a factor in…

Canada Post says it has received a strike notice from the union representing some 55,000 postal workers, with operations poised to shut down by the end of the week — for the second time in six months. The union informed management that employees plan to hit the picket line starting Friday morning…

The condo market meltdown in Canada’s largest cities is showing no signs of fading. Experts say the market has shifted significantly over the past few months, as supply soars and demand disappears. “We’re pretty much at a recession in the condo market,” said Robert Kavcic, senior economist at Bank of…

The recently re-elected Liberal government isn’t planning to release a budget this year, opting instead for an economic statement later this fall. But experts warn that not providing a fiscal snapshot could erode economic confidence and delay the government’s agenda. A federal budget is one of the most significant legislative…

Strathcona Resources Ltd. is making an unsolicited takeover offer for oilsands producer MEG Energy Corp. that values the company at about $5.9 billion. The stock-and-cash offer comes after Strathcona, which already owns about a 9.2 per cent stake in MEG, says it sent a takeover offer to the MEG board…

China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain Pipeline, ship tracking data shows, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s…

Retailer Mountain Equipment Company (MEC), the B.C-based brand specializing in outdoor equipment, is back under Canadian ownership. The retailer had been sold in 2020 to U.S.-based Kingswood Capital Management after facing financial difficulties, which led to its dissolution as a consumer-owned co-operative, in what was described as “betrayal” by some…

A group representing major foreign streaming companies told a hearing held by Canada’s broadcasting regulator on Friday that those companies shouldn’t be expected to fulfil the same responsibilities as traditional broadcasters when it comes to Canadian content. The Motion Picture Association-Canada, which represents large streamers like Netflix, Paramount, Disney and…

Small businesses and shipping firms are preparing for a possible Canada Post strike as early as next week, a disruption they warn could strain supply chains and freeze millions of packages as well as billions of dollars in sales. While the Canadian Union of Postal Workers and the postal service…

Shoppers who stocked up on Hudson’s Bay blankets or other goods adorned with the iconic retailer’s stripes, hoping they’d become collector’s items, may be in for disappointment. On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson’s Bay’s intellectual property, including its famous four stripes motif, various company names, logos,…

A trip to the store is about to become more expensive for shoppers on both sides of the 49th parallel, as pre-tariff inventory runs out at Loblaw stores and Walmart is set to raise prices in the U.S. Loblaw Cos. Ltd. chief executive Per Bank said Wednesday in a LinkedIn…

The union representing Air Canada flight attendants says it has filed for conciliation with the federal labour minister after reaching an impasse in contract negotiations with the airline. The Air Canada component of CUPE, which represents 10,000 Air Canada and Air Canada Rouge flight attendants, said its top priority is…

General Motors (GM) and battery partner LG Energy Solution are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday. The cells will have a lithium manganese-rich (LMR) chemistry, which GM says is lower cost than the…

U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump’s auto-tariff measures are rippling through the car market. The average price consumers paid, after discounts and promotions, rose 2.5 per cent from March, more than double the typical 1.1 per cent…

Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility. Honda said it would put on hold for approximately two years a plan announced with great fanfare by Canadian politicians in April 2024 to build an EV supply…

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s two major economic powers took a step…

Travel by Canadians coming back from trips to the U.S. dropped sharply in April, according to preliminary data released Monday by Statistics Canada. Return trips by Canadians coming back from the U.S. by air dropped by 19.9 per cent, and return via land borders dropped by a whopping 35.2 per cent compared…

Canada’s unemployment rate ticked up to 6.9 per cent in April, Statistics Canada said on Friday, matching the highest rate seen in eight years outside of the pandemic. The economy added a very slight 7,400 jobs during the month. Most of the increase was due to temporary workers hired in the public sector…

A group of wealthy Canadians calling themselves “Patriotic Millionaires” is banding together to lobby governments to increase the amount of taxes they must pay, with a campaign patterned after similar movements in the United States and United Kingdom. But there is already pushback on the concept — even before the…

As Canada’s reliance on U.S. produce hits the spotlight, one Ontario farmer has a pitch: locally grown, year-round produce, grown by artificial intelligence and automation.  In a sprawling two-hectare greenhouse, partially tucked inside a wooden red barn in King City, Ont., an animated Jay Willmot, farmer and entrepreneur, shared his vision.  “From sowing…

Jenna Kardal was floored by the jaw-dropping initial quote she received when seeking out car insurance — a shock after having driven for years under her parents’ plan and since her car was bought used, already about a decade old. “I was like, ‘You cannot be serious,'” the now 30-year-old Calgary driver…

The chief executive of pipeline builder Enbridge Inc. says he’s encouraged by how governments in both Canada and the United States are recognizing the need to build oil and gas projects more quickly. “I’m completely enthused about it,” Greg Ebel told analysts on a conference call Friday to discuss the…

Enbridge Inc. reported a first-quarter profit of $2.3 billion, up from $1.4 billion in the same quarter last year. The pipeline company says the profit amounted to $1.04 per share for the quarter ended March 31, compared with a profit of 67 cents per share a year earlier. On an…

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said on Thursday. The central bank says in its latest Financial Stability Report that at the start of the year, households had, on average,…

Business leaders were hopeful the White House meeting between Prime Minister Mark Carney and U.S. President Donald Trump would provide a framework for how trade talks may progress.  After the two leaders spoke in the Oval Office, an unlikely winner appears to be emerging: the Canada-U.S.-Mexico Agreement on trade (CUSMA,…

WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy protection on Tuesday in a bid to cut its debt after hugely popular obesity drugs upended its business model. Shares of the company, which once boasted media mogul Oprah Winfrey as one of its top shareholders, slumped 40…

China has announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump’s trade war, as the two sides prepare for talks later this week. Beijing’s central bank governor and other top financial officials outlined plans Wednesday to cut interest rates and reduce bank reserve requirements…

GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault from the video game retailer’s struggling parent company. Officially named Electronics Boutique Canada Inc., GameStop Canada says it will relaunch its 185 stores as EB Games Canada — a name associated with retail gaming from bygone decades. Tetrault…

Canada’s trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5 per cent in March, driven by a 2.9 per cent slump in imports from the U.S. after Canada imposed…

The Competition Bureau says it is taking Canada’s Wonderland to court because it alleges the company that runs the amusement and water park north of Toronto engages in “deceptive marketing practices.” In a news release on Monday, the bureau accuses Canada’s Wonderland Company of “drip pricing,” a practice in which a company advertises…

U.S. energy company Sunoco LP has signed an agreement to buy Parkland Corp. in a cash-and-stock deal valued at $9.1 billion US, including assumed debt. The deal comes as Calgary-based Parkland faces an attempt by Simpson Oil Ltd., its largest shareholder, to replace a majority of its board of directors.…

Aritzia Inc. says it is shifting some of its supply chain away from China, which has been hammered with triple-digit tariffs from the United States. The Vancouver-based apparel company said Thursday that the Asian country is one of the top three countries it relies on to make its clothing, but…

In 2015, Carter Li decided he wanted an electric car. He was living in a condo in downtown Toronto, and figured he could negotiate with the condo building to get an EV charger installed in his parking stall if he agreed to cover not just his own costs, but some…

Warren Buffett said on Saturday he will step down as chief executive of Berkshire Hathaway at the end of the year, and hand over the reins to vice-chair Greg Abel. “I think the time has arrived where Greg should become the chief executive of the company at year end,” Buffett, 94,…

The Canadian oilpatch has a brand-new pipeline, something it’s pleaded for year after year, and it offers a relatively quick route to the West Coast and overseas markets. But a year in, the newly expanded Trans Mountain Pipeline still isn’t running at full capacity — though the CEO of the…

After striking workers took to picket lines and a “couple million” packages piled up just before Christmas last year, Canada Post is back at the negotiation table with the union representing its employees this week. The Canadian Union of Postal Workers (CUPW) and the postal service are trying to reach…

General Motors is cutting one of three shifts at its Oshawa Assembly Plant, which employs around 3,000 workers, due to U.S. tariffs, the company and the union representing workers confirmed on Friday. The plant is moving from a three shift to a two shift operation starting this fall, according to a news…

U.S. Customs and Border Protection guidance released on Thursday says automobile parts compliant with the Canada-U.S.-Mexico Agreement (CUSMA) on trade will not be hit with U.S. President Donald Trump’s tariffs. It’s the latest sign of relief for the deeply integrated North American automobile industry besieged by multiple levels of tariffs. Trump…

Tesla chair Robyn Denholm on Thursday denied a Wall Street Journal report that said board members had reached out to executive search firms to find a replacement for CEO Elon Musk. The Journal had reported on Wednesday that about a month ago, Tesla’s board members had reached out to several executive search firms to…

U.S. tariffs and Canada’s response could result in 68,100 fewer jobs in Ontario this year, a new report estimates.  This figure may increase to 119,200 jobs in 2026 and 137,900 jobs in 2029, according to the report by the Financial Accountability Office of Ontario (FAO), released Wednesday.  The FAO provides…

Statistics Canada says the Canadian economy shrank in the month of February, but declines might not last long, as early signs for March point to moderate GDP growth. The agency says real gross domestic product decreased 0.2 per cent in February. This follows previous growth in the month of January…

A judge is ordering the duty-free shop at Canada’s second-busiest border crossing into receivership as it struggles to pay off millions of dollars in debt and overdue rent. In a ruling earlier this month, the Ontario Superior Court of Justice appointed a receiver for the Peace Bridge duty-free shop who…

U.S. President Donald Trump will sign an executive order on auto tariffs on Tuesday, White House Press Secretary Karoline Leavitt said at a news briefing. Treasury Secretary Scott Bessent declined to give any further details but said the coming measures would help “substantially” with the goal of restoring manufacturing jobs in the U.S.…

Whoever wins Monday’s election will have an enormous task of rebuilding the Canadian economy after years of stagnation — and in the face of an escalating trade war with the United States. They’ll have their work cut out for them. But CEOs and industry leaders say these twin crises offer…

The planned construction of a multi-billion dollar, net-zero petrochemical project near Edmonton will be delayed as chemical firm Dow Inc. looks to conserve cash amid unfavourable market conditions, the company said Thursday. Dow’s Path2Zero facility — to be built in Fort Saskatchewan in Alberta’s Industrial Heartland — was first announced in 2021…

With a licence plate and set of keys in hand, Jerry Chen gets into the new Toyota Highlander his family decided to purchase before U.S. President Donald Trump’s auto tariffs kicked into gear. Chen and his wife, who have two children, bought the vehicle from a Toyota dealership in Bloomfield Township,…

Canada’s united boycott of U.S. booze could result in a banner year for British Columbia’s wine industry, while also delivering a financial blow to vineyards south of the border. The Buy Canadian movement is expected to boost demand for B.C. wine and some other types of homegrown liquor as the…

For Mina Ely, fur has never been out of style. With her family’s Russian Jewish heritage, furs were the norm for both esthetic and practical reasons during cold Toronto winters. “I would always remember when they would go out, or when they would go to shul, it was just something…

Through a fluke of timing, the federal election coincides almost perfectly with the one-year anniversary of the government-owned Trans Mountain Pipeline expansion coming online — at a time when public sentiment around pipelines is relatively positive. The two campaign front-runners are both emphasizing energy infrastructure, driven by U.S. President Donald Trump’s…

When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for…

China has exempted some U.S. imports from its 125 per cent tariffs and is asking firms to identify critical goods they need levy-free, according to businesses that have been notified. The move, which follows de-escalatory statements from Washington, signals that the world’s two largest economies might be prepared to rein in their conflict, which had…

The White House has indicated that it could lower its tariffs on China, but experts say the exact figures might not make much of a difference. Right now, the U.S. has 145 per cent blanket tariffs on Chinese goods, while China has a 125 rate on U.S. goods. The levies jumped…

Here’s some candid, non-academic language to describe an unusual pattern in American markets, brought to you by a monetary-policy historian. Stocks? Down. The U.S. dollar? Same. Demand for U.S. bonds? Also sinking. This isn’t supposed to happen — not all three at once. But Barry Eichengreen sees a historic reaction…

The Quebec Court of Appeal is ordering Air Canada to pay passengers more than $10 million in damages in a class-action lawsuit that alleged they were charged higher amounts than the ticket price advertised. In a ruling Tuesday, Justice Judith Harvie wrote that Air Canada showed “ignorance and laxity” when…

European Union watchdogs fined Apple and Meta hundreds of millions of euros on Wednesday in two separate cases as they stepped up enforcement of the 27-nation bloc’s digital competition rules. The European Commission imposed a 500-million euro ($571-million Cdn) fine on Apple for preventing app makers from pointing users to cheaper…

Hudson’s Bay Co. has stopped paying commission to hundreds of cosmeticians and fragrance advisers during liquidation sales, effectively reducing their salaries. These workers, also known as beauty advisers, earn commission on products sold, on top of their base salary. Hudson’s Bay notified the beauty advisers 12 days in advance that, starting…

Think you’ve found a great deal on TikTok to buy Lululemon or Louis Vuitton directly from the factory? Experts say you might want to think again about how real the claims in that video are. In recent days, social media users claiming to have an inside scoop on how and where…

Wall Street weakened Monday as investors worldwide became more skeptical about American investments, something many economists suggest is due to U.S. President Donald Trump’s trade war and his ongoing criticism of the Federal Reserve. The S&P 500 sank 2.4 per cent in another wipeout. That yanked the index 16 per cent below its record…

Ontario’s government tabled new legislation Wednesday to reduce internal trade barriers, and Premier Doug Ford signed related agreements with two provinces, both in efforts to make the economy more resilient against the effects of American tariffs. At an announcement Wednesday, Ford told reporters that trade barriers within Canada were essentially a self-imposed tax, raising the cost…

China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a sky-high tariff on goods shipped from China. Temu, which is…

Tariffs are spelling uncertainty for a family business that allows Canadians to use its U.S. shipping address to receive packages from the States. Halfway House Freight Forwarding is an aptly named parcel pick-up spot that sits halfway between the official Canada-U.S. border crossings in Dundee, Que., and Fort Covington, N.Y. One…

Google has been branded a monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online advertising technology to boost profits, fuelling an internet empire currently worth $1.8 trillion US.  U.S. District Judge Leonie Brinkema in Alexandria, Va., ruled…

A steep decline in Canadian travel to the U.S. has dealt a blow to airlines that usually cash in on popular Florida beach vacations and family trips to Disneyland. That’s left airlines scrambling to adjust their summer schedules, trim U.S. flight capacity and add more seats to destinations within Canada…

Hudson’s Bay has asked a court to allow it to put the royal charter that launched the company 355 years ago on the auction block, along with its trove of art and historical artifacts. The collapsing department store chain known as Canada’s oldest company filed a motion with the Ontario…

 A program announced this week to help some Canadian businesses faced with expensive counter-tariffs might not be enough to entirely spare some manufacturing firms from damage, say observers. And one such company in rural Manitoba is already feeling the bite.  Since the trade war with the U.S. erupted last month, PhiBer Manufacturing has been…

Though the deadline to file tax returns is less than two weeks away, tax slips for many Canadian taxpayers are still not showing up through the Canada Revenue Agency’s (CRA) online platforms. Each year, employers and financial institutions have to give copies of tax documents — like T4 slips, which…

As the trade war between the U.S. and China escalates, the biggest questions are which side has more leverage and which is willing to tolerate more pain. China exported more than $400 billion US to the United States last year, much more than American companies sold to China. That’s why…

California Gov. Gavin Newsom said Wednesday that his state will file a lawsuit challenging U.S. President Donald Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue that Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico,…

Donna Gow ought to be enjoying retirement, but the 68-year-old Ottawa resident is instead considering a return to work. That’s because the recent stock market volatility brought about by U.S. President Donald Trump’s tariff threats have hit her investment portfolio hard. It fluctuates, but when the self-employed IT consultant last checked she was down about…

Federal Finance Minister François-Philippe Champagne has announced help for Canadian businesses affected by the trade dispute with the U.S., giving them time to adjust their supply chains. The minister says the government intends to provide temporary six-month tariff relief for goods imported from the U.S. that are used in Canadian…

A Japanese news outlet is reporting that Honda is considering moving some of its production out of Canada amid the ongoing tariff threats from U.S. President Donald Trump — though automotive experts in Ontario said early Tuesday this may be contingency planning. Honda is considering switching some car production from Mexico and Canada…

President Donald Trump on Monday suggested that he might temporarily exempt some auto manufacturers from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval…

Just north of downtown Flint, Mich., a two-storey red brick building known as Factory One sits as just one reminder of the rich history here of the American automobile industry. The factory, the birthplace of General Motors, still stands as a beacon of innovation in the Michigan city where the…

A group of Democratic lawmakers is calling on the Securities and Exchange Commission (SEC) to investigate “potential violations” of federal securities laws by U.S. President Donald Trump or members of his inner circle. In a letter released on Friday, they asked the independent government agency to investigate “whether President Trump,…

In late January, then-prime minister Justin Trudeau and the country’s premiers urged people to “choose Canada” by purchasing Canadian products amid the growing threat of U.S. tariffs. “There are many ways for you to do your part,” Trudeau said on Jan. 22. “It might mean checking the labels and picking…

The Trump administration late Friday said it would 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. The move would also benefit big tech companies like Apple and Samsung, and chip makers…

Clicking “add to cart” may soon come with some additional sticker shock. As tariff pressures force some sellers in China to increase 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. This comes as U.S. President Donald…

As It Happens5:26Duty-free shop owner says business is suffering as Canadians avoid the U.S. If business doesn’t pick up soon at his duty-shop, Éric Lapointe says he’s going to have to lay people off.  “I’ve had three customers today so far,” the store owner told As It Happens host Nil…

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. The countermeasures take effect on…

Apparel retailer Frank And Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7. Court documents show the Montreal-based company has 150 employees, but when asked about how many will lose their job as a result of the closures, spokesperson Elisabeth de Gramont said…

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. The bloc was due to launch counter-tariffs on about 21 billion euros…

A Chinese billionaire in British Columbia has taken to social media to announce her plans to buy dozens of Hudson’s Bay locations after she saw “Canadians feeling sad” over the collapse of the retail giant.  Entrepreneur Weihong Liu is the board chairwoman of Central Walk, a retail investment company that owns three shopping centres in B.C.  Liu has shared a series of videos on the Chinese social media platform RedNote, saying she wants to “restore The Bay to its glory.” “Knowing that The Bay,…

U.S. stock index futures fell sharply on Wednesday after China announced more levies on U.S. goods, striking back against President Donald Trump’s reciprocal tariffs that took effect earlier in the day. The world’s second-largest economy would impose additional tariffs of 84 per cent on all U.S. goods as of Thursday, up…

Stock markets sank for the third day Monday after U.S. President Donald Trump announced sweeping global tariffs last week, and no one is coming out unscathed — but some sectors are seeing more volatility than others. All three major U.S. indexes touched their lowest levels in more than a year in early trading…

World markets won a reprieve on Tuesday after three days of heavy selling that wiped trillions of dollars off the value of shares, as China vowed to “fight to the end” against additional U.S. tariffs imposed on Beijing.  But less than a week since U.S. President Donald Trump unleashed sweeping…

A pair of reports from the Bank of Canada pointed to declining business and consumer sentiment in the first quarter as the uncertainty over U.S. tariffs took their toll. The central bank’s business outlook survey said Monday that 32 per cent of firms are now planning with the assumption that…

U.S. President Donald Trump on Sunday said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterized as “medicine,” as financial markets indicated another week of steep losses could be in store. Speaking to reporters aboard Air Force One, Trump indicated he was…

The Canadian economy shed 33,000 jobs in March according to Statistics Canada — the biggest loss since January 2022. The agency said the unemployment rate also ticked slightly higher, rising to 6.7 per cent in March from 6.6 per cent in February. The overall decrease also came as 62,000 full-time jobs…

Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost six per cent after China matched U.S. President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts…

In a sprawling exhibition centre in Hanover, Germany, thousands of businesses, including 250 from Canada, are taking part in one of the world’s largest trade fairs focused on industrial technology and innovation.  Rows of booths and flashy displays are meant to spark conversation, but much of the discussion has been…

Housing is about to get a lot more expensive in the next decade if the federal government does not revamp its immigration program bringing in skilled workers, according to the construction industry.  “We’re really struggling with getting the right type of workers,” said Sue Wastell, president of London, Ont.-based real…

U.S. President Donald Trump extended a deadline by 75 days for Chinese technology company ByteDance to sell U.S. assets of popular short video app TikTok to a non-Chinese buyer or face a ban that was supposed to have taken effect in January under a 2024 law. “The deal requires more work to ensure all…

Immigration advocates are suing the Trump administration over its upcoming registration requirement for non-U.S. citizens staying longer than 29 days, offering a possible reprieve for Canadian snowbirds. The U.S.-based American Immigration Council and partner organizations launched the suit this week to try to quash the registration rule. They claim the…

The Trump administration announced a new suite of trade measures on dozens of countries Wednesday. And if the new rules have your head swimming, you’re not alone. In short, Canada was spared the worst of it, but the current measures will still have massive implications for this country and the…

President Donald Trump’s new tariffs sent shockwaves through markets on Thursday, with the U.S. dollar and American stocks among the hardest hit on fears a broadening trade war will spur recession in a fragile world economy. Trump said he would impose a 10 per cent baseline tariff on all imports to…

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. The S&P 500 rose 0.7 per cent, but only after careening between an earlier loss of…

If looming 25 per cent tariffs on the auto industry go ahead on April 3 as previously announced by the U.S. government, experts say they’ll have a huge impact on the price of cars for Canadians. U.S. President Donald Trump’s administration announced last week that a 25 per cent tax…

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 as a trade irritant between the two countries.  The nearly 400-page National Trade Estimate Report lists in almost encyclopedic detail all of the tariff and non-tariff…

Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping per cent tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply-chain disruptions and pain in the auto-heavy state. “The increased costs would cause significant disruption throughout the supply chain and, perhaps most…

On a day when U.S. President Donald Trump took aim at the vehicle manufacturing industry, Ontario autoworkers said it’s the latest wave in what’s been a storm of uncertainty and more proof the Canadian industry needs government support. Late Wednesday, Trump said he’d signed an executive order that will impose a 25 per cent import…

With Hudson’s Bay approaching its last few months, shoppers in Waterloo region reminisced about fond memories of the store, from meeting Darth Vader to eating at the store’s Arcadian Court. Earlier this month, Canada’s oldest retailer, Hudson’s Bay Co., filed for creditor protection and said it intends to restructure the business. All but…

An unusual billboard caught Tom Smith’s eye earlier this week as he was heading to work at Emory University in Atlanta. Paid for by the Canadian government, the billboard told Americans in big bold letters that “tariffs are a tax on your grocery bill.” “I thought it was pretty novel,”…

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. In a written decision issued Saturday, Justice Peter Osborne of the Superior Court of Justice said he declined to approve the agreement because it is “neither…

Standing next to half a dozen white oak barrels full of aging Kentucky bourbon, on the floor of his small Louisville, Ky., distillery, Victor Yarbrough holds up his laptop and starts reading his emails. As the co-founder of Brough Brothers Distillery, he’s visibly taken aback by what’s landed in his…

To show support for Canada amid a trade war with the U.S., John Mackay says he tries to only buy Canadian products during grocery runs. That’s why the 81-year-old from Tillsonburg, Ont., said he’s complained to Metro multiple times after seeing orange juice with pulp by Irrésistible — a Metro-owned…

Statistics Canada says the Canadian economy was off to a solid start in January but early signs suggest growth hit a wall in February. The agency said Friday that real gross domestic product rose 0.4 per cent in January thanks largely to a boom in the oil and gas, quarrying…

Donald Trump says he wants to see more vehicles made in America. It’s a handy slogan and might once have been a viable idea. The problem is there’s no such thing as a Made in America car anymore. And there hasn’t been for years. Since Canada and the U.S. signed the Auto…

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. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department…

Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days timeline to save the six stores it has so far spared from liquidation. A new version of the agreement will force the retailer to start liquidating those stores on April…

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. That’s according to the central bank’s summary of deliberations released Wednesday, which offers a look…

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. Under U.S. law, it can be a crime to mishandle, misuse or abuse classified information, though…

Amid a global flight crew shortage, the union representing WestJet pilots has asked a judge to quash federal approval of temporary foreign workers in the cockpit. In an application it said was filed Monday, the Air Line Pilots Association petitioned the Federal Court to declare invalid a government decision allowing…

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.  Speaking on background, a White House official told CBC News that despite Trump’s repeated threats about sector-specific tariffs, they may not actually happen…

When heavyweight boxing champion George Foreman signed a profit-sharing deal in 1994 on the kitchen appliance with which he would become synonymous, his expectations were modest.  Foreman was already being courted by blue-chip companies, who paid money up front. The outlook didn’t improve when the second royalty cheque for what…

Two Tesla vehicles were set on fire in what Calgary police believe are separate, intentional incidents this week. Acts of vandalism against the electric vehicle manufacturer have multiplied since U.S. President Donald Trump took office and appointed Elon Musk to oversee the new Department of Government Efficiency (DOGE), which has been slashing government…

Sam Van Uden, 21, runs the seeder on a prairie farm in southern Alberta. It’s good hours, but the paycheque doesn’t stretch the way it did for young adults who used to start this way. That’s what he wants this federal election campaign to focus on, and he’s not alone.  “Talking to…

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. Musk’s influence in the White House has been tied to anger directed at Tesla — including Molotov…

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.  The Friday approval from Ontario Superior Court Judge Peter Osborne allows the retailer to begin selling off inventory at most of its 80…

Calgary-based WestJet is considering whether to use temporary foreign workers (TFWs) to fly its planes. In a statement, spokesperson Julia Kaiser told CBC News the airline is exploring the labour market impact assessment (LMIA) process as one of “multiple avenues” to meet a shortage of WestJet Encore captains.  The LMIA…

U.S. President Donald Trump on Friday awarded Boeing 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. The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to…

It’s as Canadian as hockey, the maple leaf and Canada geese. Or is it? In the past, Tim Hortons rightfully earned its place as a Canadian icon, starting with one coffee shop in Ontario and eventually building an empire that made Timbits and double doubles part of the national lexicon.…

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.    The proposed takeover announced Tuesday is part…

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. Montreal police arrested a young man and woman at the dealership on Décarie Boulevard in the city’s Côte-des-Neiges–Notre-Dame-de-Grâce…

Whether or not Hudson’s Bay Company will have to undergo a full liquidation or will be able to keep some stores afloat while it restructures 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.  Ashley…

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.  That marks a sizable jump from the 1.9 per cent increase seen in January, when Canadians saw GST and HST taken…

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.…

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. Researchers are looking to supersize the production of wind and solar power. Several startups and small companies have an eye on revolutionizing the sector, such as…

PepsiCo said Monday it will buy prebiotic soda brand Poppi for $1.95 billion US, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Young Americans are increasingly turning to healthier sodas and energy drinks as part of a…

Hudson’s Bay Company filed for creditor protection last week, saying it’s struggling to pay landlords, vendors and employees — and it’s a process that could lead to the sale or closure of Canada’s oldest company. Retail experts say the writing has been on the wall for several years, with some stores in…

Once again, U.S. President Donald Trump lambasted Canada on Wednesday — this time, for allegedly imposing exorbitant tariffs on dairy products. Those claims, made during a White House visit from the Irish prime minister, come less than a week after he mischaracterized the Canada-U.S.-Mexico Agreement (CUSMA) — a deal he negotiated —…

Troyhann Santos checks the federal government’s latest list of counter-tariffs and makes a crushing discovery. Starting immediately, she’ll have to pay a 25 per cent tariff on most merchandise coming into her lacrosse equipment store, Lax Shack, in Pickering, Ont. “To get hit with something like this is terrifying,” said…

The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back…

Larry Fink sends an annual letter to the bosses of all the companies in which he is invested, and a few years ago a major theme was decarbonization. As chief executive of BlackRock, the world’s largest asset manager, his message carries clout for investors and corporate leaders around the world.…

Hudson’s Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the struggling Canadian department store chain’s finances.  The documents were submitted as part of its creditor protection filing last week. The company owes a total of $950 million to nearly…

A group of big-name companies including Google, Meta and Dow have signed a pledge to support tripling the world’s nuclear energy capacity by 2050, a signal of the technology’s growing resurgence in popularity. It mirrors a similar commitment made by a group of countries including Canada at the UN climate conference in Dubai…

B.C. Hydro has excluded Tesla products from its electric vehicle charger rebate program in response to U.S. tariffs. The rebate program allows British Columbians to get up to $350 to purchase and install an EV charger in their homes. As of March 12, Tesla chargers, energy storage batteries and inverters…

At a Texas energy conference that features some of the field’s most innovative technology (scrubbing carbon from the skies and the race to build the world’s first fusion power plant, for example) — this year, people can’t stop talking about plain old natural gas.  The world’s appetite for liquified natural gas…

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The Buy Canadian movement has arrived in the country’s major grocery stores. You’ve probably noticed labels with bright red maple leafs, prominent displays stacked with Canadian products or promotional flyers that tout homegrown items.  “All the best things have always been made here. All we had to do was look,” proclaimed a recent…

U.S. President Donald Trump lashed out at Canada Tuesday with a vow to ruin the country economically after Ontario levied a surcharge on U.S.-bound electricity to hit back at Trump’s initial tranche of tariffs. Trump is promising to hike Wednesday’s expected tariff on Canadian steel and aluminum from 25 to 50 per…

Colin Bykowski usually crosses the Canada-U.S. border twice a month to buy groceries from Trader Joe’s and toys for his son at Target. The last time he made the trip was a month ago — and he doesn’t know when the next time will be. “It’s funny…. This week we were planning on…

Hours after a series of outages on Monday left X unavailable to thousands of users, Elon Musk claimed that the social media platform was being targeted in a “massive cyberattack.” “We get attacked every day, but this was done with a lot of resources,” Musk claimed in a post. “Either…

A small cube snakes around a blank canvas, trying to paint as much space as possible and eliminate other cubes trying to do the same. It’s called Paper.io 2 and is one of the games nine-year-old Jamie Dermody plays most often on his tablet in his Toronto home. Jamie’s mother,…

Canada’s unemployment rate was unchanged in February, holding steady at 6.6 per cent, Statistics Canada said Friday, as population growth loses steam and tariff uncertainty shakes the labour market. Population growth has slowed considerably over the last 12 months. The number of Canadian adults grew at its slowest pace since April…

Cost of Living4:37Tapping into the hidden job market When Rose Asgharzadeh moved to Calgary in 2023, she wasn’t worried about finding a job. Her 14 years of experience teaching human resources at a university in Iran made her a literal expert on finding a job.   But after 500 applications on…

Millions of dollars and thousands of jobs are in flux for Canadian businesses, as constant changes to tariffs mean companies based in this country are either avoiding financial decisions or feel they are unable to make them. From large multinationals to small outfits with less than a dozen employees, the repetitive cry…

Canada’s oldest retailer, Hudson’s Bay Co., has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 says it has been facing “significant” pressures including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic declines in downtown store traffic.…

The federal government is launching a more than $6-billion aid package for businesses impacted by U.S. President Donald Trump’s tariffs and relaxing some employment insurance (EI) rules to help workers. Steven MacKinnon, Mary Ng and Rechie Valdez — the ministers of labour, international trade and small business — made the…

South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports persists. The levy imposed this week, and Canadian counter-tariffs against…

Japan’s Seven & i Holdings, the parent company of the 7-Eleven convenience store chain, has named a new CEO and plans to sell billions in assets as it tries to fend off a takeover bid from a Canadian rival. On Thursday, Seven & i named its board chairman, Stephen Dacus,…

Canadians’ pocketbooks will likely be the victim of a prolonged trade war with the U.S., with the prices on consumer goods potentially rising over the next weeks, some analysts say. “We will see prices across the board going up,” said Andreas Schotter, a professor of business at Western University in London, Ont. “I…

A last-minute decision to exempt new bare trust filing requirements led to “wasted time and effort,” according to a new report from the office of Taxpayers’ Ombudsperson François Boileau. The Canada Revenue Agency (CRA) didn’t provide timely information to allow taxpayers and tax professionals to prepare for the new filing…

A new survey gauging the emotional temperature of Canadians confirms what most on this side of the border already know:  U.S. President Donald Trump’s annexation and tariff threats are making people mad.  Fifty-five per cent say they are feeling anger, followed by 37 per cent who say they feel betrayed, according…

Stocks tumbled in morning trading on Wall Street on Tuesday as a trade war between the U.S. and its key trading partners escalated, but uncertainty around the tariffs’ duration has made the impact on global markets scattered. The tariffs between the United States, Canada, Mexico and China have helped to extend…

Canada Post is accusing the union representing its more than 55,000 workers of showing “little meaningful movement” during mediated negotiations over the weekend to end a labour dispute that saw employees ordered back to work late last year. A statement from Canada Post on Sunday says the Crown corporation put forward…

U.S. President Donald Trump says his long-threatened trade war is going ahead with tariffs on Canadian goods set to take effect just after midnight and there’s nothing Canada can do to stop them. Speaking to reporters at the White House, Trump said the United States has been “a laughingstock for…