Direct Loan Canada Blog

Loblaw Cos. Ltd. said Thursday it’s ready to sign on to the grocery code of conduct, paving the way for an agreement that’s been years in the making.
Source: ctv business
Loblaw agrees to sign grocery code of conduct after months of negotiations

Canada’s telecom and television complaints watchdog says many telecom providers aren’t following complaints section rules on their websites, and it’s particularly concerned about some repeat offenders.
Source: ctv business
Half of telecom providers not following website complaints section rules: watchdog

While it’s unclear what these closures might mean for the 27 restaurants in Canada, Red Lobster is expected to file for bankruptcy protection in the U.S. this month.
Source: ctv business
‘Endless Shrimp’ just one misstep for Red Lobster as it eyes bankruptcy protection

Ontario will revamp how it compensates injured migrant workers.
Source: ctv business
Ontario to change how it compensates injured migrant workers

One of the world’s largest oil companies is preparing to drill an exploratory deepwater oil well about 500 kilometres off the eastern coast of Newfoundland.
Source: ctv business
ExxonMobil readying to drill exploratory deepwater oil well off Newfoundland

The U.S. Justice Department said late on Tuesday that Boeing Co had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.
Source: ctv business
Boeing breached 2021 737 MAX criminal prosecution deal, says U.S. DOJ

A day after OpenAI impressed with a startlingly improved ChatGPT AI model, Google showed off its vision for how AI will improve the products that billions of people use every day.
Source: ctv business
Google shows off how AI Gmail, Photos and shopping will work

GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago.
Source: ctv business
Gamestop, AMC: Why are meme stocks rallying again?

A Japanese company has announced it will build an approximately $1.6-billion plant in Ontario’s Niagara Region that will make a key electric vehicle battery component as part of Honda’s supply chain in the province.
Source: ctv business
.6B parts plant for Honda electric vehicle batteries coming to Niagara Region

Via Rail says its ridership continued to rise last year but still fell short of 2019 levels. The Crown corporation says some 4.1 million passengers hopped aboard its trains in 2023, a one-quarter jump from the year before.
Source: ctv business
Via Rail ridership jumps, but falls short of 2019 levels as earnings losses mount