Direct Loan Canada Blog

Hertz Global Holdings Inc. said on Monday it will pay about $168 million by year-end to resolve over 95 per cent of pending claims from owners who alleged the car rental giant filed wrongful theft reports.
Source: ctv business
Hertz to pay 8M to settle over 95 per cent of wrongful theft, report claims

Canada’s main stock index was down more than 100 points in late-morning trading as losses in the energy and technology sectors helped lead the way lower, while U.S. stock markets were also in the red.
Source: ctv business
S&P/TSX composite down more than 100 points, U.S. stock markets also down

A former director of quality and compliance at CannTrust Holdings Inc. says the growth of cannabis in unlicensed rooms was ‘very openly discussed’ at the pot company.
Source: ctv business
Former CannTrust compliance worker says unlicensed growing ‘very openly’ discussed

WestJet plans to offer flights to Japan starting this spring, marking the airline’s first non-stop flights to Asia from Calgary. 
Source: ctv business
WestJet announces new flights from Calgary to Tokyo, Barcelona and Edinburgh

Amazon.com Inc AMZN. O and Apple Inc AAPL. O are planning to resume advertising on Twitter, according to media reports on Saturday.
Source: ctv business
Apple and Amazon resume advertising on Twitter – reports

Apple supplier Foxconn 2317.TW expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest last month disrupted the world’s biggest iPhone factory.
Source: ctv business
Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan

Better protections and options for consumers are just some of the ways Ottawa can help address food unaffordability in Canada, the lead author behind a new price report says, as average grocery bills are expected to rise in the new year.
Source: ctv business
Supply chain inefficiencies leading to ‘shelflation’ at Canadian grocery stores: researcher

Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind COVID restrictions following widespread protests.
Source: ctv business
Morgan Stanley upgrades China stocks as global investors cheer on COVID reopening hopes

Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions.
Source: ctv business
Russian oil price cap, EU ban aim to limit Kremlin war chest

Food prices in Canada will continue to escalate in the new year, with grocery costs forecast to rise up to seven per cent in 2023, new research predicts.
Source: ctv business
Canadian families will pay ,065 more for groceries in 2023, report says