Direct Loan Canada Blog

Stocks fell in afternoon trading on Wall Street Monday as the market extends a losing streak from last week.
Source: ctv business
Stocks fall on Wall Street, led by slump in tech companies

Recent data from Statistics Canada show the youngest households in Canada saw their wealth decrease for the first time since the pandemic began as they avoided home purchases and reduced their financial assets.
Source: ctv business
Youngest Canadians avoid home buying, see wealth fall for first time since pandemic started: StatCan

Loblaw Companies Ltd. and PepsiCo Inc. have resolved a more than month-long dispute that halted shipments of several snack food brands to the Canadian retailer.
Source: ctv business
Loblaws resolves snack price dispute, Frito-Lay returning to store shelves

Fur farmers challenging B.C.’s phase-out of the province’s mink industry have been denied a request for interim relief while their court case proceeds.
Source: ctv business
Court rejects B.C. mink farmers’ bid to allow breeding to continue while case proceeds

Food prices in Canada continue to soar in the face of labour shortages, the rising cost of goods and supply chain disruptions. Statistics Canada recently reported that the food inflation rate in the country has reached 7.4 per cent and that it will most likely rise again in the coming months.
Source: ctv business
The delicate balance between grocery store profit and food security

The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans for the first time in more than a century.
Source: ctv business
S&P downgrade indicates Russia headed for historic default

Amazon is seeking to overturn the historic union victory at one of its New York City warehouses, arguing in a legal filing Friday that union organizers and the National Labour Relations Board acted in a way that tainted the results. It now wants to redo the election.
Source: ctv business
Amazon seeks to overturn union win, says vote was tainted

Teamsters Canada is reviving union drive for workers in an Amazon fulfillment centre in south Edmonton, planning to build on the momentum raised by the first successful Amazon Union in New York
Source: ctv business
Amazon warehouse in Alberta sees comeback of union drive after a landmark labour victory in U.S.

Hazel McCallion, one of the longest serving mayors in Canadian history, has accepted a three-year contract extension as a Greater Toronto Airport Authority board member.
Source: ctv business
101-year-old Hazel McCallion accepts three-year contract extension working for Toronto Pearson

A DHL cargo jet slid off the runway and broke in half while landing at San Jose’s international airport Thursday, shutting down the airport, but not injuring crew.
Source: ctv business
DHL cargo jet skids off runaway in Costa Rica, splits in half