Business News
US stocks dive as euphoria on Wall Street reverts to fear about US-China trade war
U.S. stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten...
Apple has few incentives to start making iPhones in U.S., despite Trump's trade war with China
President Donald Trump's administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the...
The United States and China are locked in a faceoff over tariffs. No one wants to blink first
The tariff fight between the world's two largest economies spiraled into greater peril Wednesday as President Donald Trump tried to narrow his global trade...
Frank and Oak to close nine stores by May 7 as it seeks buyer or investor
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...
Amid market turbulence, money managers keep a cool head
Faced with the extreme market turbulence of the past week, money managers are staying the course and relying on their long-term investment strategies while also...
Videotron sues Rogers for $91M, alleging breach of contract in Freedom Mobile deal
Quebecor Inc.-subsidiary Videotron is suing Rogers Communications Inc. for $91 million over an alleged breach of contract related to the sale of Freedom Mobile...
EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks
The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s...
TC Energy CEO says Canada can become top LNG supplier to Asia
The chief executive of pipeline operator TC Energy says he believes Canada can be the No. 1 exporter of liquefied natural gas to Asia, but political leadership...
Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs
U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump...
Egg prices increase to record high despite Trump's predictions and bird flu outbreak slowing
In defiance of President Donald Trump's predictions, U.S. egg prices increased again last month to reach a new record-high of $6.23 despite a drop in...
Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion
The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25...
Futures point to losses for U.S. stocks when trading starts after big rally
The futures market is pointing to losses for U.S. stock markets when trading begins today. Canadian and U.S. stock markets rallied on Wednesday to post big...
Trump tariff 'whiplash' draws pandemic parallels as Canadian businesses scramble
Todd Rutter calls himself the "most non-tech person you've ever met" but he's turning to technology and lessons learned during the COVID-19...
Trump's partial tariff pullback doesn't affect duties on Canadian imports
The United States is still imposing tariffs on Canada after President Donald Trump on Wednesday partially pulled back some of the most devastating duties...
Why Simons and Holt Renfrew are unlikely to want all of Hudson's Bay's real estate
When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of...
Trump's 'buy' tip on social media before his tariffs pause made money for investors who listened
When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. “THIS IS A...
Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered
President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13...
S&P 500 soars 9.5% to one of its biggest gains since WWII after Trump pauses most tariffs
UPDATE 1:12 p.m. Stocks surged to one of their biggest gains since World War II after President Donald Trump paused his tariffs against most other nations, as...
Asian supermarket customers brace for price hikes as Trump tariffs take effect
Loyal customers of Asian supermarkets and other grocery stores that specialize in selling imported food heaved a collective sigh of dismay when President Donald...
Billionaire spacewalker highlights Mars trip for astronauts in his bid to become NASA's next chief
The nominee for NASA’s top job, billionaire spacewalker Jared Isaacman, outlined his vision for space exploration on Wednesday that prioritizes sending...