Direct Loan Canada Blog

Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by US $9 billion.
Source: ctv business
Pfizer cuts full-year outlook due to declining sales of COVID-19-related products

Canada’s largest private-sector union says workers at General Motors Co. have a new three-year collective agreement, with 80.5 per cent of them ratifying it in a vote held online and in person.
Source: ctv business
Unifor members at GM vote 80 per cent in favour of new contract

Since Canada legalized recreational cannabis on Oct. 17, 2018, retailers have learned that supply can be spotty, competition is fierce and not everything consumers crave is available in the legal market.
Source: ctv business
Canadian pot shops struggle amid competition, advertising rules and THC limits

If government regulators prevail against Google in the biggest U.S. antitrust trial in a quarter century, it’s likely to unleash drastic changes that will undermine the dominance of a search engine that defines the internet for billions of people.
Source: ctv business
What Google’s antitrust trial in the U.S. means for your search habits

Best Buy is saying goodbye to movie-watching with physical discs. The consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024 — with physical movies set to be sold in-stores and online as they are today through the holidays.
Source: ctv business
Goodbye to more DVDs? Best Buy plans to phase out sales of physical movies in the coming months

As more children emerge from the pandemic grappling with mental health issues, their parents are seeking ways for them to build emotional resilience. And toy companies are paying close attention.
Source: ctv business
Amid a mental health crisis, toy industry takes on a new role: building resilience

The European Union’s top foreign policy official warned Friday that public sentiment in Europe could turn more protectionist if the region’s trade deficit with China is not reduced.
Source: ctv business
EU warns China that European public could turn more protectionist if trade deficit isn’t reduced

China’s economy remains in the doldrums, data released Friday showed, with prices falling due to slack demand from consumers and businesses.
Source: ctv business
China’s inflation data show economy in doldrums despite a slight improvement in trade

Microsoft’s purchase of Call of Duty maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the US$69 billion gaming deal and removing the final obstacle for one of the largest tech transactions in history.
Source: ctv business
Microsoft clears last hurdle to buying Call of Duty maker Activision in US billion deal

A lobby group for Canada’s newspapers and magazines says it agrees with many of the issues raised by Google about a law that will force the tech giant to compensate those same publishers for use of their work.
Source: ctv business
News media lobby group says Google concerns about Online News Act are valid