Business

Duty-free shops struggle to make ends meet as Canadians steer clear of U.S. 

As It Happens5:26Duty-free shop owner says business is suffering as Canadians avoid the U.S. If business doesn’t pick up soon…

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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…

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Democrats pen letter asking SEC to investigate Trump, allies for alleged market manipulation

A group of Democratic lawmakers is calling on the Securities and Exchange Commission (SEC) to investigate “potential violations” of federal…

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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…

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Wall Street opens lower again as China-U.S. trade spat continues

Wall Street’s main indexes opened lower on Friday as markets assessed the latest escalation in the trade war, with China increasing its…

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Frank And Oak to close 9 stores across Ontario, Quebec and B.C.

Apparel retailer Frank And Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7.…

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After massive surge on Wednesday, stock markets fall as trade war continues

U.S. stocks on Thursday are giving back a chunk of their historic gains from the day before as Wall Street…

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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…

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Canadian travel to the U.S. has plummeted. One reason why: fear

When political science professor Arash Abizadeh heard last month about foreign travellers being detained at the U.S. border, he cancelled plans to…

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Owner of three shopping malls in B.C. says she wants to buy Hudson’s Bay

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…

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