Direct Loan Canada Blog

Walmart Canada said on Thursday it has invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month.
Source: ctv business
Walmart Canada raises hourly store wages for about 40,000 workers

A former PepsiCo executive is suing the company, saying it destroyed his career after questioning his claim that he invented the popular flavor of Cheetos snacks.
Source: ctv business
Spicy dispute over the origins of Flamin’ Hot Cheetos winds up in court

The last decade has been very lucrative for the world’s super-rich residents, fuelling the drive by some advocates to tax them more.
Source: ctv business
Wealth of global top 1% grew by US trillion over past decade: Oxfam

Grocery and drugstore retailer Loblaw Cos. Ltd. reported its second-quarter profit decreased compared with a year ago.
Source: ctv business
Loblaw’s Q2 profit down after agreeing to settle price-fixing lawsuit

An IJF and CTV News investigation has found dozens of cases across Canada where multiple money services businesses (MSBs) are incorporated at the same address, sometimes without the knowledge or consent of the location’s actual occupant. One money laundering expert calls it an ‘abuse of the system.’
Source: ctv business
One address, 76 foreign currency dealers: Inside Canada’s money service business ‘clusters’

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme.
Source: ctv business
Loblaw to settle class action over bread price-fixing for 0 million

A Federal Court decision has put a pause on enforcement of Canadian Food Inspection Agency guidelines for the ritual slaughter of animals.
Source: ctv business
Court decision halts enforcement of Ottawa’s kosher slaughter rules

Disneyland has averted the possibility of the first employee strike in 40 years by reaching a tentative agreement with 14,000 workers on Tuesday.
Source: ctv business
Disneyland avoids what would have been its first strike in 40 years

Customers on social media have been furious with Chipotle for allegedly skimping on its burrito bowl portions this year. Now, the fast-casual chain’s CEO said the company is making changes.
Source: ctv business
Chipotle’s CEO weighs in on the burrito bowl portion size debate

The cost of a new house was slightly cheaper in June compared to May, according to Statistics Canada. Prices dropped 0.2 per cent month-over-month, which is the first time in 2024 that new houses have sold for cheaper than the month prior.
Source: ctv business
Price of new housing dipped slightly in June: Statistics Canada