Direct Loan Canada Blog

Snap Inc, the parent company of Snapchat, said Monday that it is laying off 10 per cent of its staff, becoming the latest tech company to conduct a fresh round of job cuts since the start of the year.
Source: ctv business
Snap to lay off 10 per cent of staff, cutting approximately 500 jobs

Manulife Financial Corp. says patients who require specialty drugs will be able to fill their prescriptions at any pharmacy after backlash sparked by the insurance provider signing an exclusive arrangement with Loblaw Cos. Ltd.
Source: ctv business
Manulife to cover specialty drugs at any pharmacy after backlash over Loblaw deal

An Israeli food tech company says it now has the green light to sell its lab-grown milk protein to dairy manufacturers and food companies in Canada.
Source: ctv business
Company behind lab-grown milk protein eyes Canadian animal-free dairy market

A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company.
Source: ctv business
Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger

Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in Canada.
Source: ctv business
Black Canadians report high levels of racism despite workplace improvements

With food prices continuing to rise even as overall inflation has slowed, shoppers could be even more vulnerable to overspending after finding a good deal.
Source: ctv business
How Canada’s grocery stores get you to spend more

Boeing discovered another problem in some of its 737 Max fuselages that may delay deliveries of about 50 planes in the latest quality gaffe to plague the giant aircraft manufacturer.
Source: ctv business
Boeing flags potential delays after supplier finds another problem with some 737 fuselages

A diplomatic rift between Ecuador and Russia appeared to intensify over the weekend after the European nation decided to ban some imports of bananas from Ecuador.
Source: ctv business
Diplomatic tensions between Ecuador and Russia over military equipment threaten banana exports

Getting your first job during a recession can have a long-lasting effect on young workers trying to break into the labour market, with earnings impacts persisting for years, according to a report from TD economists.
Source: ctv business
Entering the job market during a recession can leave lasting scars on a workers’ career and earnings: report

Flight Centre says it has had more than 200 fraudulent listings taken down so far, the search results having appeared in online searches for “Flight Centre” across Canada.
Source: ctv business
Flight Centre fights hundreds of fake sites, as bogus booking costs B.C. man ,280