Direct Loan Canada Blog

Statistics Canada says the economy grew 0.3 per cent in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September.
Source: ctv business
Statistics Canada reports real GDP grew 0.3 per cent in October

Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly US$4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand.
Source: ctv business
Nordstrom to be taken private by founding family for USB

The Nordstrom family teamed up with Mexican retailer Liverpool to clinch a US$4 billion deal to take iconic department store chain Nordstrom private, six years after a similar attempt fell short.
Source: ctv business
Nordstrom family will take retailer private in USB deal

Starbucks workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said late on Saturday.
Source: ctv business
Starbucks workers expand strike in U.S. cities, including New York

People often draft a financial power of attorney, a document that gives someone else the authority to manage their money and property on their behalf. But many times, they do so without providing their chosen person with much information about what the duties involve, and sometimes without even telling them they’ve been appointed.
Source: ctv business
What to know before agreeing to be someone’s power of attorney

Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
Source: ctv business
Nissan and Honda to attempt a merger that would create the world’s No. 3 automaker

Unifor said on Sunday that its members at Canadian National Railway (CN Rail) have ratified a new four-year collective agreement, averting a potential strike action.
Source: ctv business
Unifor members ratify new agreement with Canadian National Railway

Specialty stores like Adonis are enjoying growth thanks to not only immigration but also the more diverse tastes of younger generations.
Source: ctv business
How changing demographics and tastes are shaping Canada’s grocery stores

The federal government is proposing new rules surrounding airlines’ obligations to travellers whose flights are disrupted, even when delays or cancellations are caused by an “exceptional circumstance” outside of carriers’ control.
Source: ctv business
New rules clarify when travellers are compensated for flight disruptions

One of Canada’s leading publishing houses is worried that it may soon not be able to keep up with the rising costs of storing the hundreds of book titles it distributes, potentially impacting the availability of educational materials and trade books from coast to coast.
Source: ctv business
‘It’s about protecting Canadian content’: Leading Canadian publishing house seeks solutions to expected rise in distribution costs