Direct Loan Canada Blog

The head of Canada’s largest private-sector union says the refusal by the country’s grocers to reinstate ‘hero pay’ for employees amid an exponential rise in COVID-19 cases is ‘about greed, period.’
Source: ctv business
Pressure mounting for grocers to bring back ‘hero pay’ amid Omicron surge

An auto repair shop owner is facing legal action from the U.S. Department of Labor after he allegedly paid an employee’s final wages in more than 9,000 oil-covered pennies dumped on their driveway.
Source: ctv business
Georgia garage’s petty penny payout prompts action from U.S. government

Inflation in the 19 countries that use the euro currency hit its highest level on record, led by surging food and energy costs, figures released Friday show.
Source: ctv business
EXPLAINER: What does record inflation mean for the eurozone?

Canada’s chronically understaffed agriculture industry is warning that increased absenteeism related to the highly contagious Omicron variant could severely stress this country’s food production systems.
Source: ctv business
Highly contagious variant could stress Canadian food production, farm groups say

GameStop’s plans to expand its non-fungible tokens marketplace and partner with crypto firms spurred a rally in the video game retailer’s shares.
Source: ctv business
GameStop soars on building NFT trading hub, crypto partnerships

With COVID-19’s latest wave showing few signs of abating concerns are deepening as more and more workers in vital sectors are sidelined by the pandemic.
Source: ctv business
Key sectors facing staffing struggles amid escalating pandemic

The Canadian economy added 55,000 jobs in December before COVID-19 cases began spiking at the end of the month, prompting public health restrictions that forced many businesses to close or curtail operations.
Source: ctv business
Canadian economy added 55,000 jobs in December, unemployment rate 5.9 per cent: StatCan

Stocks turned mixed and Treasury yields continued rising Friday, with much of Wall Street seeing the Federal Reserve on course to raise interest rates as soon as March despite a mixed report on the U.S. jobs market.
Source: ctv business
Stocks wobble following mixed jobs data as tech sinks again

The Competition Bureau says Keurig Canada will pay a $3 million penalty for making false or misleading claims that its single-use K-Cup pods can be recycled.
Source: ctv business
Keurig to pay million fine for false, misleading claims on recycling of its K-CUPs

The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan’s internet during a deadly uprising hit the country’s fast-growing cryptocurrency mining industry.
Source: ctv business
Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners