Direct Loan Canada Blog

Canadian postings for seasonal holiday jobs are down 30 per cent from a year ago so far, according to Indeed, amid a softening economy and cooling labour market.
Source: ctv business
Holiday job postings down from last year amid slowing economy: Indeed

Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger.
Source: ctv business
Disney reports sharp profit growth in the fourth quarter and an expansion of its cost-cutting drive

Air travel is getting worse, judging from the number of U.S. consumer complaints.
Source: ctv business
Judging from the level of U.S. consumer complaints, air travel is getting worse

Hydro One Ltd. reported a third-quarter profit of $357 million, up from $307 million a year ago.
Source: ctv business
Hydro One reports 7M Q3 profit, up from 7M a year earlier

The Swedish home goods and furniture retailer is installing dedicated loading bays so staff don’t have to wheel orders out a side door and lift them onto trucks, said Ikea Canada’s chief executive officer and chief sustainability officer.
Source: ctv business
Ikea Canada leaning on automation as it overhauls fulfilment network: new CEO

The head of Indigo Books and Music Inc. says the company is embarking on a transformation plan.
Source: ctv business
Indigo launches transformation plan in hopes of returning retailer to profitability

Adidas believes it may have to write off the remaining 300 million euros (US $320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West.
Source: ctv business
Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye

As the grocery code of conduct nears completion, the Canadian industry’s biggest player is raising concerns the guidelines could add fuel to the food inflation fire.
Source: ctv business
Loblaw raises the affordability alarm as grocery code of conduct nears completion

Indigo Books & Music Inc. reported a net loss of $22.4 million in its second quarter, compared with a net loss of $15.9 million a year earlier.
Source: ctv business
Indigo reports lower sales, net loss in second quarter as customers cut back

The largest fancy vivid blue diamond to ever come to auction sold Tuesday for more than US$44 million, far outstripping the pre-sale estimate, Christie’s said.
Source: ctv business
Blue diamond sells for more than US million at Christie’s auction in Geneva