News/Business (Page 11)

Business Statistics Canada says the Canadian economy was off to a solid start in January, but early signs suggest growth hit a wall in February. A boom in oil and gas in January led to a boost, but retail slowdown in February weighed on GDPThe Canadian Press · Posted: MarContinue Reading

Business·Analysis 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 billionsContinue Reading

Business 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. A decision on the agreement could come later today or early tomorrowThe Canadian Press · Posted: Mar 27, 2025 11:32 AMContinue Reading

Business 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. The central bank released its summary of deliberations WednesdayThe Canadian Press · Posted: MarContinue Reading

Business Hudson’s Bay asked an Ontario court Wednesday to approve a restructuring agreement that will give it a few extra days to save the six stores it has so far spared from liquidation. New version of agreement will force retailer to start liquidating those stores on April 8The Canadian PressContinue Reading

Hudson’s Bay to pay $3M in bonuses, but no severance for workers Hudson’s Bay workers are speaking out after learning they will receive no severance pay as the company confirms it will pay out $3 million in bonuses to executives and managers handling the liquidation of most stores. The beleagueredContinue Reading

23andMe customers urged to delete personal data Roughly 15 million customers who used the genetic testing company 23andMe are being urged to take steps to delete their personal data and protect their privacy. Cybersecurity experts say that DNA data could be sold as part of a restructuring or sale afterContinue Reading

Business The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a temporary rear-wheel lock-up. CBC News has reached out to Transport Canada for comment on impact to Canadian consumersThomson Reuters ·Continue Reading

Business Tesla’s Chinese competitor BYD recorded a 73 per cent jump in fourth-quarter profit on Monday and said its annual revenue for 2024 crossed the $100 billion US mark, surpassing the U.S. automaker. In comparison, Tesla’s 2024 revenue was nearly $97.7 billion USThe Associated Press · Posted: Mar 25, 2025 10:07Continue Reading