Direct Loan Canada Blog

Maple Leaf Foods Inc. has launched a defamation lawsuit against Canada Bread Co. Ltd. and its parent company Grupo Bimbo.
Source: ctv business
Maple Leaf Foods launches defamation lawsuit against Canada Bread and Grupo Bimbo

Canada Post says it lost $315 million before tax in the third quarter compared with a loss before tax of $290 million a year earlier.
Source: ctv business
Canada Post reports deeper financial loss in quarterly update

Canada Post saw hundreds of millions of dollars drain out of its coffers last quarter, due largely to its dwindling share of the parcels market, while an ongoing strike continues to batter its bottom line.
Source: ctv business
Canada Post quarterly loss tops 0M as strike hits second week — and rivals step in

The federal government’s ‘meaty’ move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.
Source: ctv business
What economists think of Trudeau’s temporary tax cut, 0 cheques

Meta is refusing to publicly disclose information that could determine whether it is subject to the Online News Act despite blocking news from its platforms.
Source: ctv business
Meta fights CRTC, refuses to publicly release info on news blocking measures

Irving Tissue said it needs to expand in Macon because the mill is currently selling all the bath tissue and paper towels it can make
Source: ctv business
Canada’s Irving Tissue plans a US0M factory expansion in Georgia, hiring 100 more workers

FunGuyz, which calls itself the biggest magic mushroom dispensary in Canada, says it’s shutting down all 30 of its Ontario locations.
Source: ctv business
FunGuyz says it’s closing all 30 of its magic mushroom stores in Ontario

The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year found that Google had violated US antitrust law with its search business.
Source: ctv business
U.S. Department of Justice asks court to force Google to spin off Chrome

A temporary pause on charging the federal sales tax on many items has retailers excited, even though they say preparing for the relief will mean a lot of extra work in a short period of time.
Source: ctv business
Retail industry praises GST holiday but says it may be ‘laborious’ for some

McDonald’s Canada says espresso-based drinks and hot chocolate are temporarily unavailable at some of the chain’s restaurants as it copes with a potential equipment issue.
Source: ctv business
Equipment issue pauses sale of some espresso, hot chocolate at McDonald’s Canada