Direct Loan Canada Blog

If domestic manufacturers and suppliers keep pushing their prices up on food and several household goods, Dollarama Inc.’s chief executive says retailers will have no choice but to pass the increases on to customers.
Source: ctv business
Retailers facing pricing pressure may have to pass increases to shoppers: Dollarama

Porter Airlines has signed a new partnership deal with Alaska Airlines. The companies say the interline agreement means that travellers can now buy combined Porter-Alaska itineraries directly from the Porter website or via third-party agencies.
Source: ctv business
Porter Airlines signs new partnership deal with Alaska Airlines

Statistics Canada says the amount Canadians owe relative to their income edged lower in the third quarter, but the cost of servicing that debt relative to income climbed higher.
Source: ctv business
Statistics Canada says household debt-to-income ratio lower in Q3, service costs up

Canopy Growth Corp. says a consolidation of its shares on a one-for-10 basis is expected to become effective on Friday.
Source: ctv business
Shares of cannabis company Canopy Growth to be consolidated on a one-for-10 basis

Argentina’s government allowed the peso currency to plunge over 50% to 801 per U.S. dollar on Wednesday as markets cautiously welcomed the first details of President Javier Milei’s plans to shock Argentina’s beleaguered economy back on track.
Source: ctv business
Argentina peso devalued over 50% as country’s inflation races toward 200%

Dollarama Inc. reported its third-quarter profit and sales rose compared with a year ago and raised its guidance for comparable-store sales. The retailer says it earned $261.1 million or 92 cents per diluted share for the 13-week period ended Oct. 29.
Source: ctv business
Dollarama reports Q3 profit and sales up, raises comparable-store sales guidance

Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot.
Source: ctv business
Tesla recalls nearly all vehicles sold in U.S. due to defective system

New figures from Statistics Canada show maple syrup production hit a five-year low in Canada this year, a trend the agency blames on severe storms and changing temperatures.
Source: ctv business
After record year, unreliable weather pushes Canada’s maple syrup production to five-year low

Experts say corporate Canada has some soul-searching to do in the wake of the resignation of Canadian National Railway Co.’s Indigenous advisory council.
Source: ctv business
CN resignations show firms need to take Indigenous reconciliation seriously: Experts

A full recovery in the tourism industry is unlikely until next year, Destination Canada predicts, even as the rebound comes quicker than expected ahead of a bigger bounceback forecasted for 2025.
Source: ctv business
Tourism recovery not expected until next year, Destination Canada report finds