Direct Loan Canada Blog

Canadians will be missing out on a sweet new partnership between McDonald’s and Krispy Kreme, which will see doughnuts available at McDonald’s locations across the U.S. by the end of 2026.
Source: ctv business
Glazed over: Krispy Kreme doughnuts not coming to McDonald’s in Canada

The Ford government says it will be raising Ontario’s minimum wage by 65 cents in the fall.
Source: ctv business
Ontario to raise minimum wage in the fall

Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Source: ctv business
Sunshine list: These were the Ontario public sector’s highest earners in 2023

The U.S. economy grew at a solid 3.4 per cent annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.2 per cent rate last quarter.
Source: ctv business
U.S. economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

Canada’s real gross domestic product grew 0.6 per cent in January, helped by the end of public sector strikes in Quebec in November and December, Statistics Canada said Thursday.
Source: ctv business
Statistics Canada reports real GDP up 0.6 per cent in January as Quebec strikes end

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency.
Source: ctv business
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

A court ordered the eviction Wednesday of MyPillow from a suburban Minneapolis warehouse that it formerly used.
Source: ctv business
MyPillow, owned by U.S. election denier Mike Lindell, formally evicted from Minnesota warehouse

Canada has recorded the fastest population growth in 66 years, increasing by 1.3 million people, or 3.2 per cent, in 2023, according to a new report from Statistics Canada.
Source: ctv business
Why Canada’s record population growth is helping – and hurting – the economy

The British Columbia government has filed an unexplained wealth order in an effort to seize a quarter-million dollars in cash, as well as 45 gold bars and luxury jewelry from the operator of a fraudulent cryptocurrency exchange company.
Source: ctv business
B.C. files unexplained wealth order after seizing gold, cash and jewelry from crypto co-founder

Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products.
Source: ctv business
Johnson & Johnson can contest evidence linking its talc to cancer, U.S. judge rules