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Business News

Telecoms don't expect major hit from tariffs but other pressures persist: report

Telecoms don't expect major hit from tariffs but other pressures persist: report

Mar 24, 2025 / 11:22 am

Canada's telecommunications companies don't expect to be hit hard by the ongoing trade war with the U.S. but face other economic challenges that could...

'The loading dock was full': Brands pull products from Hudson's Bay amid liquidation

'The loading dock was full': Brands pull products from Hudson's Bay amid liquidation

Mar 24, 2025 / 11:16 am

When Olivia Glauberzon pulled up to the loading docks at two Hudson's Bay stores last Wednesday, she had suitcases in tow and a plan to fill them with...

23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

Mar 24, 2025 / 10:46 am

23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to...

Possible softening of April 2 tariffs 'zero comfort' for auto sector

Possible softening of April 2 tariffs 'zero comfort' for auto sector

Mar 24, 2025 / 10:45 am

Just over a week before new U.S. tariffs are expected to come into force, the head of Canada’s auto parts manufacturing association says he’s not...

Okanagan Spirits Craft Distillery claims golden honours

Okanagan Spirits Craft Distillery claims golden honours

Kelowna, Vernon Mar 24, 2025 / 7:44 am

Okanagan Spirits Craft Distillery won top honours at the 2025 World Spirits Awards in Germany. In a blind tasting of spirits at the world’s premier...

Stock market today: Wall Street gains ground after shaking off four-week losing streak

Stock market today: Wall Street gains ground after shaking off four-week losing streak

United States Mar 24, 2025 / 6:53 am

Stocks rose in morning trading Monday as Wall Street tries to navigate through uncertainty amid a trade war. The S&P 500 jumped 1.1%. It is coming off its...

Lightspeed Commerce cuts revenue outlook for 2025 financial year

Lightspeed Commerce cuts revenue outlook for 2025 financial year

Canada Mar 24, 2025 / 6:37 am

Lightspeed Commerce Inc. is cutting its revenue outlook as it sees worsening economic conditions. The company says it now expects year-over-year revenue growth...

A European startup scrubs its attempt to launch an orbital rocket on its first test flight

A European startup scrubs its attempt to launch an orbital rocket on its first test flight

Norway Mar 24, 2025 / 6:19 am

A private European aerospace company scrubbed its attempt on Monday to launch the first test flight of its orbital launch vehicle from Norway. Unfavorable winds...

Hudson's Bay liquidation sales begin at all but six of its stores

Hudson's Bay liquidation sales begin at all but six of its stores

Canada Mar 24, 2025 / 6:04 am

Canada's oldest company will begin liquidating most of its stores this morning. Hudson's Bay says all but six of its locations will be selling off their...

Nova Scotia legislators vote unanimously to scrap electric car rebates for Tesla

Nova Scotia legislators vote unanimously to scrap electric car rebates for Tesla

Nova Scotia Mar 23, 2025 / 6:36 am

Nova Scotia has become the latest province to scrap electric vehicle rebates for Teslas due to the CEO's association with the U.S. administration and its...

2 months into Trump's second administration, the news industry faces challenges from all directions

2 months into Trump's second administration, the news industry faces challenges from all directions

United States Mar 23, 2025 / 6:33 am

During the first Trump administration, the biggest concern for many journalists was labels. Would they, or their news outlet, be called “fake news”...

Ottawa increases AgriStability cap to help industry as it faces Chinese tariffs

Ottawa increases AgriStability cap to help industry as it faces Chinese tariffs

Ottawa Mar 22, 2025 / 7:28 pm

The Canadian government has announced support for the country's agriculture sector as it deals with tariffs imposed by China. The federal agriculture...

What went wrong? Analysts say Hudson's Bay couldn't compete among nimble competitors with pretty stores

What went wrong? Analysts say Hudson's Bay couldn't compete among nimble competitors with pretty stores

Mar 21, 2025 / 2:25 pm

HALIFAX — Retail experts say the looming demise of Hudson’s Bay Co. as a national presence would be a “historic loss” but not...

Hudson's Bay hopes to save six stores, all in Ontario and Quebec

Hudson's Bay hopes to save six stores, all in Ontario and Quebec

Canada Mar 21, 2025 / 8:53 am

UPDATE: 8:53 a.m.: After a week spent seeking a lifeline, Hudson's Bay says it has found a way to keep a half-dozen stores open — all of them in...

Stock market today: Wall Street slips and heads for a fifth straight weekly loss

Stock market today: Wall Street slips and heads for a fifth straight weekly loss

United States Mar 21, 2025 / 6:58 am

Stocks are falling in morning trading and Wall Street is on track for its fifth straight weekly loss. The S&P 500 was down 0.8% Friday. The Dow Jones...

Statistics Canada says retail sales down 0.6 per cent in January at $69.4B

Statistics Canada says retail sales down 0.6 per cent in January at $69.4B

Canada Mar 21, 2025 / 6:36 am

Statistics Canada says retail sales fell 0.6 per cent to $69.4 billion in January as sales in the auto sector moved lower. The agency says sales at motor...

Premium Brands reports Q4 profit more than doubles, revenue up

Premium Brands reports Q4 profit more than doubles, revenue up

Canada Mar 21, 2025 / 6:29 am

Premium Brands Holdings Corp. reported its fourth-quarter profit more than doubled compared with a year earlier as it saw record revenue for the quarter. The...

Takeaways from Associated Press report on efforts to capture carbon in the ocean

Takeaways from Associated Press report on efforts to capture carbon in the ocean

Mar 21, 2025 / 6:17 am

A growing industry is racing to engineer a solution to global warming using the absorbent power of the oceans. Dozens of companies and academic groups are...

Canadian startups focus on homegrown funding with U.S. relations strained

Canadian startups focus on homegrown funding with U.S. relations strained

Canada Mar 21, 2025 / 6:03 am

Tatiana Estevez was celebrating her fog water collection company Permalution securing money in a fundraising round and garnering support for a drinking water...

In latest blow to Tesla, regulators recall nearly all Cybertrucks

In latest blow to Tesla, regulators recall nearly all Cybertrucks

Mar 20, 2025 / 11:24 am

U.S. safety regulators on Thursday recalled virtually all Cybertrucks on the road, the eighth recall of the Tesla-made vehicles since deliveries to customers...

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