Canada Business News in English

As car manufacturer Stellantis pauses work on its next-generation Jeep Compass, including retooling a plant in Canada designated to build the vehicle, industry observers say the company is rethinking its priorities on electric vehicles as tariffs create an uncertain environment for automakers.

The Dow Jones Industrial Average dropped 748 points and other indexes fell sharply as fears about tariffs impacting the U.S. economy spread.

Apple announced Wednesday it is replacing its entry-level iPhone SE, which debuted in 2016, with a new, much pricier model that comes with many features previously reserved for the company's more expensive handsets.

Canadian Tire says the agreement will see the sportswear company wind up in the hands of Kontoor Brands, which owns Wrangler, Lee and Rock & Republic.

Coca Cola is introducing a line of prebiotic sodas, marking the legacy beverage brand's first foray into the "functional" soft drink market led by upstarts Olipop and Poppi — and further tightening competition as more Canadian brands launch their versions of the fizzy drinks.

Canada's consumer price index rose to 1.9 per cent in January, as higher energy prices weighing on overall inflation were partly offset by the federal government's tax holiday, Statistics Canada said on Tuesday.

As U.S. President Donald Trump threatens tariffs upon tariffs, businesses, consumers and policy-makers are scrambling to figure out how to respond. But the mere threat of tariffs is already having an impact.

A flag manufacturer in British Columbia says it is seeing a spike in sales of Canadian flags amid threats of U.S. tariffs, including a rise in orders from south of the border. 

Igloo is recalling more than 1 million of its coolers sold across Canada, the U.S. and Mexico due to a handle hazard that has resulted in fingertip injuries, including some amputations.

St. Valentine chocolates always seek to show how deep your love is. This year, it might just also show how deep your pockets are.

Alaa Tannous was pleased when the Canadian Transportation Agency (CTA) ordered Air Canada to pay him $2,079 for delayed luggage, following a flight he and wife, Nancy, took from Toronto to Vancouver in 2022. 

The bank also warned that retaliatory tariffs by Canada and other nations against the U.S. if Donald Trump imposes tariffs could cause a period of inflation.

Rising prices for housing, food and energy pushed the Consumer Price Index up at a three per cent annual rate in January versus 2.9 per cent the month before.

U.S. President Donald Trump's steel and aluminum tariffs are coming in a month. Some auto experts are advising Canadian consumers to accelerate their car-buying plans in response.