Direct Loan Canada Blog

Ikea is planning to splash €2 billion (US$2.19 billion) to expand its furniture empire in the United States in what will be the retailer’s biggest-ever investment in a single country.
Source: ctv business
Ikea stores coming soon to 8 new US locations

If the current strike by thousands of public sector workers is successful, it could have a domino effect for unionized workers in other industries, labour experts said.
Source: ctv business
PSAC strike could have domino effect for unionized workers: labour experts

Tesla Inc’s shares sank more than 6.8 per cent on Thursday and dragged down other automakers after Chief Executive Elon Musk signalled the electric-vehicle maker will keep cutting prices to drum up demand even after taking a big hit to margins.
Source: ctv business
Tesla shares sink as Musk’s sales push by price cuts hurts margins

The Boy Scouts of America will begin to distribute compensation to thousands of victims of sexual abuse after emerging from bankruptcy Wednesday, the organization announced.
Source: ctv business
Boy Scouts of America will begin to compensate sexual abuse victims from US.4 billion trust

Canadians may notice a lack of leafy greens at grocery stores and restaurants, as lettuce prices spike and shortages loom.
Source: ctv business
Why lettuce prices are rising in Canada

Hungary will add honey and certain meat products to a list of food items it has temporarily banned from being imported from Ukraine in an effort to relieve market pressures on Hungarian farmers, a government minister said Thursday.
Source: ctv business
Hungary adds honey, other products to Ukraine import ban

Hundreds of people opposed to the new law raising the retirement age from 62 to 64 demonstrated Thursday in a small town in southern France during a visit by President Emmanuel Macron, while scattered protests were staged elsewhere.
Source: ctv business
Anger at new retirement age fuels further protests in France

Members of Parliament are rallying to bolster Canada’s system of protecting dairy and poultry prices amid trade deals, and suggest developing countries do the same.
Source: ctv business
MPs tout supply management as fix for poor countries, aim to shelter from trade deals

Canada’s main stock index was down in late-morning trading, weighed down by losses in the energy sector as the price of oil fell.
Source: ctv business
S&P/TSX composite down as price of oil moves lower, U.S. stock markets also lower

Federal departments and agencies have released a list of services that may be disrupted now that workers are on strike. Here’s an updated list of what services may be affected.
Source: ctv business
Federal workers now on strike. Here are the services that may be affected