The YellowAPI allows developers to access over 1.5 million Canadian business listings with latitude and longitude data. It has a RESTful architecture that uses GET requests to retrieve business information in XML or JSON formats. Developers can register for sandbox and live API keys to use four methods - FindBusiness for search, GetBusinessDetails for listing details, FindDealer for related businesses, and GetTypeAhead for autocomplete suggestions. The API is currently in beta but provides resources for documentation, support forums, and SDKs to help developers build apps using Canadian business data.