Direct Loan Canada Blog

Canadian tech giant Shopify Inc. will layoff 10 per cent of its workforce Tuesday because the company misjudged the growth of e-commerce.
Source: ctv business
‘I got this wrong:’ Shopify CEO announces plan to lay off 10 per cent of staff

Stocks are lower on Wall Street in early afternoon trading Tuesday after Walmart warned that inflation was negatively impacting American consumers’ spending power.
Source: ctv business
Grim news from Walmart sends U.S. markets tumbling

A mustard seed shortage is driving up prices and could leave some store shelves with scant supply before the new harvest hits markets this fall, industry experts say.
Source: ctv business
Mustard seed shortage sends seed prices soaring, curbs some supply of condiment

Russian energy giant Gazprom said Monday that it would further reduce natural gas flows through a major pipeline to Europe to 20 per cent of capacity, citing equipment repairs.
Source: ctv business
Russia to cut gas through Nord Stream 1 to 20% of capacity

Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker.
Source: ctv business
About 2,500 Boeing workers to strike after rejecting deal

Both Westjet and Unifor Local 531 announced the deal on Sunday evening.
Source: ctv business
Strike averted after WestJet reaches tentative agreement with Unifor service workers

Rogers Communications Inc. CEO Tony Staffieri faced questions from MPs about whether a lack of competition in the telecom sector might have contributed to the massive Rogers outage earlier this month, which came as the company awaits government approvals for its purchase of Shaw Communications Inc.
Source: ctv business
Rogers CEO defends outage response to MPs at committee hearing

Stocks on Wall Street were mixed in morning trading Monday, as investors braced for a two-day meeting of the Federal Reserve this week where it’s expected the central bank will raise interest rates sharply to combat inflation.
Source: ctv business
Stocks off to mixed start as investors wait for Fed meeting

Rogers Communications Inc. said on Sunday it will invest $10 billion over the next three years in Artificial Intelligence, and more testing and oversight, just weeks after the company reported network issues that caused widespread disruptions across the country.
Source: ctv business
Rogers to invest billion in AI, testing after massive outage

Truck drivers and travellers seeking to cross from the U.K. into France faced major disruptions and long waiting times for a third day Sunday on the weekend that kicks off the summer holidays for many British families.
Source: ctv business
Border delays plague travellers from U.K. to France as summer holidays begin