Direct Loan Canada Blog

New research suggests a four-day week may be gaining mainstream momentum in corporate Canada as workplaces continue to fine tune post-pandemic schedules and working conditions.
Source: ctv business
Four-day work week gaining mainstream momentum in corporate Canada: poll

Tide detergent maker Procter and Gamble Co. raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.
Source: ctv business
P&G raises sales forecast on price hikes, sees volumes fall

The Insurance Bureau of Canada says severe weather caused $3.1 billion in insured damage in Canada in 2022, from flooding to storms to Hurricane Fiona.
Source: ctv business
Severe weather in Canada caused .1 billion in insured damages in 2022

A Calgary tech company says weak market conditions are to blame for its decision to lay off 14 per cent of its workforce this week.
Source: ctv business
Calgary tech firm Benevity lays off 137 workers, cites poor market conditions

TekSavvy Solutions Inc. is asking the federal telecommunications regulator to review a key part of Rogers Communications Inc.’s plan to buy Shaw Communications Inc. and sell Shaw’s Freedom Mobile wireless business to Videotron.
Source: ctv business
TekSavvy asks CRTC to review Rogers deal to sell Freedom to Videotron

During a Davos 2023 round-table on Thursday, activist Greta Thunberg urged IEA Executive Director Fatih Birol to stop the global energy industry and the financiers who support them from fueling carbon investments.
Source: ctv business
Davos 2023: Greta Thunberg accuses energy firms of throwing people ‘under the bus’

Hundreds of thousands protested on the streets of Paris and other French cities Thursday amid nationwide strikes against plans to raise the retirement age, but President Emmanuel Macron insisted he would press ahead with the proposed pension reforms.
Source: ctv business
Nationwide protests in France as Macron insists on raising retirement age

Canada’s main stock index was down nearly 100 points, in a broad-based decline led by losses in the technology and industrial sectors, while U.S. stock markets also fell.
Source: ctv business
S&P/TSX composite down nearly 100 points, U.S. stock markets also fall

A hoped-for boom in Chinese tourism in Asia over next week’s Lunar New Year holidays looks set to be more of a blip as most travellers opt to stay inside China if they go anywhere. From the beaches of Bali to Hokkaido’s powdery ski slopes, the hordes of Chinese often seen in pre-COVID days will still be missing, tour operators say.
Source: ctv business
Lunar New Year tourism hopes fizzle as Chinese stay home

Experts say the low-cost airline model is exacerbating an already existing pilot shortage that could become an even bigger problem for this country’s aviation industry in the years to come.
Source: ctv business
Surge of discount airlines making Canada’s pilot shortage worse, experts say