Canada Business News in English

Montreal's National Bank has called its takeover of the Edmonton-based Canadian Western Bank a key pillar of its domestic growth strategy for 2025.

Party City is reportedly closing all of its stores across the U.S. — but the party supplies chain's Canadian stores will continue to operate.

Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their mighty Chinese competitors as the auto world goes electric.

Almost a week into the GST holiday, retailers and restaurant owners appear on track for a sales boost despite some of the struggles they faced implementing the temporary break.

The federal government says it wants to explore bringing longer-term mortgages like those seen in the United States to Canada. Here's why that might be challenging.

The U.S. Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank's two per cent target.

Despite a steeper U.S. exchange rate, New Brunswick licence plates matched – and at times outnumbered – the count of U.S. plates outside several Calais, Maine, retailers on Wednesday.

Every year in late November, in the central square of Padua, Italy, a spectacular Christmas tree goes up.

The Fed has explained its moves by describing them as a 'recalibration' of the ultra-high rates that were intended to tame inflation, which reached a four-decade high in 2022.

Mail is set to begin moving again on Tuesday after a month-long strike by Canada Post employees comes to a close.

The Liberal government’s fall economic statement arrived in a cloud of controversy Monday after Chrystia Freeland’s abrupt resignation as the minister of finance.

Isak Andic, the founder of Spanish fashion brand Mango, has died after suffering an accident, the company said on Saturday. He was 71.

A U.S. appeals court on Friday rejected an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company ByteDance to divest of the short-video app by Jan. 19 or face a ban on the app.

Even after a second consecutive 50-basis-point interest rate cut on Wednesday, some experts warn fixed mortgage rates in Canada will not move materially lower.

Public support has been key for Canada Post workers as they halted mail delivery across the country, but maintaining that support had been getting harder as the strike dragged on, experts say.

TikTok is challenging the federal government's order to shut down its operations in Canada, claiming it will eliminate hundreds of jobs and could terminate a quarter of a million contracts it has with Canadian advertising clients. 

Though there might not be a Christmas tree shortage in Canada based on the number of trees being grown, cost-of-living concerns are causing tree sellers to cut down fewer trees than usual.

A proposed class-action lawsuit alleges more than a dozen landlords and property managers have conspired to artificially inflate rents across Canada.

With the Canada Post strike nearing four weeks, the postal service says it doesn't see an end in sight.

The Bank of Canada is gearing up for its final interest rate decision of 2024. Here's what role a flagging Canadian dollar might play in the central bank's thought process.

At least eight U.S. telecom firms and dozens of countries have been impacted this week by what a top White House official called a Chinese hacking campaign that has also raised concerns about the security of text messaging.

At least eight U.S. telecom firms and dozens of countries have been impacted this week by what a top White House official called a Chinese hacking campaign that has also raised concerns about the security of text messaging.

Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11.

Finance Minster Chrystia Freeland said Friday that she will deliver a fall economic statement this year. Time is running short on days left before Parliament rises for holidays.

The November jobs figures are the final major economic data release before the Bank of Canada makes its last interest rate decision of the year on Dec. 11.

As the threat of tariffs looms over the Canadian economy, businesses, industry associations and policymakers are scrambling to find the right response.

Amazon founder Jeff Bezos said Wednesday he is “optimistic” about President-elect Donald Trump’s second term and expressed some excitement about potential regulatory cutbacks in the coming years.

Both RBC and National Bank of Canada reported a boost in their fourth-quarter earnings on Wednesday, powered in part by growth in their wealth management businesses.

A union representative told Global News he has received no notice of layoffs coming to front-line production workers for Cargill in Canada.

The deal is slated to close in the fourth quarter of the company's fiscal 2025 and the site is expected to be in operation by the end of 2027.

The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totalling more than $5 billion USD in the fourth quarter of this year.

The Canada Post strike has been inconvenient for many shoppers, and according to one retail industry group, it’s even threatening the survival of small businesses.

Scotiabank kicked off earnings season for Canada's big banks with a fourth-quarter profit boost as it set aside a smaller amount for bad loans compared with a year ago.

The U.S. Postal Service has temporarily suspended accepting mail headed to Canada due to the strike by Canada Post workers.

Lightspeed Commerce Inc. is slashing jobs for the second time in a year as it continues a strategic review.

Auditor general Karen Hogan says the Canada Emergency Business Account program wasn’t managed with 'due regard for value for money.'

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroen and Ram, amid an ongoing struggle with slumping sales.

The move by the United States Postal Service comes after some 55,000 Canada Post workers walked off the job more than two weeks ago.

From streaming platforms and apps to gym memberships and meal kits, subscriptions are convenient, but it's easy to overlook how much you're spending. Personal finance contributor Christopher Liew offers tips on how to audit your subscriptions to save money.

The Canadian economy underperformed the Bank of Canada's call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter.

The cost of beef continues to rise, reaching record highs on grocery store shelves ahead of the busiest time for many grocers and butchers before the holiday season.