Direct Loan Canada Blog

Statistics Canada says food prices drove inflation lower in April, with the cost of groceries rising 1.4 per cent compared with a year ago.
Source: ctv business
Food driving inflation lower, but groceries much more costly than a few years ago

Boeing Co. pledged $240 million toward a Montreal-area aerospace cluster, anchoring a provincial plan that aims to make Quebec a global launchpad for development of drones and greener aircraft.
Source: ctv business
Boeing’s 0M investment in Quebec lands on drones, greener planes

Canada’s annual inflation rate slowed to a three-year low of 2.7 per cent in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.
Source: ctv business
How much more Canadian consumers are paying, compared to this time last year

As the month-long boycott of Loblaw-owned stores wears on, small independent food retailers and alternative grocery options say they’re seeing a boost in traffic and sales.
Source: ctv business
Independent stores and grocery alternatives see sales boost amid Loblaw boycott

Singapore Airlines will reward its employees with a bonus worth nearly eight months of salary, a person familiar with the matter told CNN on Friday.
Source: ctv business
The world’s best airline is paying staff a bonus of 8 months’ salary

U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
Source: ctv business
Red Lobster probes ‘endless shrimp’ losses after bankruptcy filing

An international aerospace company is using North Bay, Ont.’s airport as a testing centre this month.
Source: ctv business
Large aircraft doing testing at North Bay, Ont., airport

A free promotional tumbler handed out with Nutrl beverages at Ontario’s alcohol retailer is being recalled over safety concerns.
Source: ctv business
Recall on promotional tumblers handed out as free gift with Nutrl drinks at LCBO

Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, has died.
Source: ctv business
Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Forecasters expect this week’s inflation report to show Canada’s inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is in the cards for the Bank of Canada.
Source: ctv business
Economists to have a close eye on April inflation report as BoC rate decision nears