Direct Loan Canada Blog

A Vancouver-based law firm has filed a class-action lawsuit against The Quaker Oats Company on behalf of Canadians who purchased or claim to have fallen ill from consuming products that were recalled due to potential salmonella contamination.
Source: ctv business
Quaker Oats recall leads to Canada-wide class action

The head of Canada’s banking regulator says he’s ramping up scrutiny of money laundering in the financial sector as risks increase.
Source: ctv business
Banking regulator increasing focus on money laundering as risks rise: Routledge

The future of Sports Illustrated was uncertain Friday after the owner of the iconic magazine and website laid off most or “probably all” of its guild-represented staff, its union said.
Source: ctv business
Sports Illustrated’s publisher lays off most of its staff, union says

A Quebec Superior Court judge says engine supplier Honeywell International Inc. must negotiate with Bombardier Inc. on the cost of the jet engines it rolls out for the Montreal-based plane maker.
Source: ctv business
Bombardier wins court case against supplier Honeywell on engine costs

Wayfair says about 50 Canadians are part of a layoff impacting 1,650 employees at the home goods company.
Source: ctv business
Ontario workers included in global Wayfair layoff

Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers. The data released by Statistics Canada on Friday revealed November’s retail sales amounted to $66.6 billion, lower than many economists had expected.
Source: ctv business
Retail sales down 0.2% in November in ‘Black Friday bust’

Wall Street is opening higher, holding just below the all-time high it set two years ago. The S&P 500 was up 0.3 per cent in early trading Friday. The Dow Jones Industrial Average rose 107 points, and the Nasdaq composite was up 0.4 per cent.
Source: ctv business
U.S. stock market today: Wall Street opens higher, nearing an all-time high

Wall Street is rising Friday and may break past its all-time high set two years ago, before the highest inflation and interest rates in decades sent financial markets tanking worldwide.
Source: ctv business
U.S. stock market today: Wall Street climbs and may hit an all-time high for the first time in 2 years

Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But, they say they wouldn’t do it all over again quite the same way.
Source: ctv business
What broke the American Dream for Millennials

Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum’s annual meeting — boldly touting that theme — it’s that we still have a long way to go.
Source: ctv business
At Davos, leaders talked big on rebuilding trust. Can the World Economic Forum make a difference?