Direct Loan Canada Blog

Air Canada is planning to reduce its flights in July and August, according to a statement from the company’s president, as the airline continues to deal with ‘customer service shortfalls.’
Source: ctv business
Air Canada to reduce flights this summer amid ‘customer service shortfalls’

Travellers flying out of the Montreal airport might be in for a shock this summer as airlines will likely need to cancel some flights — or destinations altogether.
Source: ctv business
Montreal airport to ‘likely’ cancel flights, destinations amid summertime staffing shortage

Bed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer.
Source: ctv business
Bed Bath & Beyond’s CEO is out as sales tumble

Shanghai Disneyland will reopen Thursday after a three-month hiatus, as China eases more COVID-related restrictions.
Source: ctv business
Shanghai Disneyland reopens as China relaxes more COVID rules

Chief Executive Bob Chapek is set to christen Walt Disney’s first new cruise ship in a decade on Wednesday, the culmination of the first project the former theme parks executive championed to the company’s board of directors.
Source: ctv business
Disney introduces first new cruise ship in a decade, dips toe into metaverse

A new agreement in Israel will put Ben & Jerry’s ice cream back on shelves in annexed east Jerusalem and the occupied West Bank despite the ice cream maker’s protest of Israeli policies, according to Unilever, the company that owns the brand.
Source: ctv business
Unilever sale puts Ben & Jerry’s back in West Bank, kind of

Ernst & Young has been slapped with a record US$100 million fine from the U.S. government after regulators discovered that the company knew some of its auditors were cheating on exams for several years and did nothing to stop it.
Source: ctv business
Top accounting firm fined US0 million after employees cheated on CPA exams

As the ruble strengthens to levels not seen in seven years, Russia’s minister of economic development warned Wednesday that the country’s businesses could suffer if the trend persists.
Source: ctv business
Strong ruble could hurt Russian businesses, official warns

Egypt will receive a US$500 million loan from the World Bank to help finance its wheat purchases as prices skyrocket because of the Russian invasion of Ukraine, the Bank said Wednesday.
Source: ctv business
World Bank agrees US0m to help Egypt fund wheat purchases

Budvar, the Czech brewer that has been in a long legal dispute with U.S. beer giant Anheuser-Busch over use of the Budweiser brand, increased its net profit by some 10 per cent for the second straight year as it saw record output and exports despite the coronavirus pandemic.
Source: ctv business
Czech brewer Budvar again increases net profit amid pandemic