Direct Loan Canada Blog

Ikea, the world’s biggest furniture brand, is leasing more ships, buying containers and re-routing goods between warehouses as it works hard to mitigate a ‘perfect storm’ of global supply chain disruptions which could last into next year, executives said.
Source: ctv business
Ikea warns supply chain disruptions likely to last into 2022

Purolator Inc. is hiring thousands of workers and increasing the number of vehicles in its fleet to cope with what is expected to be its busiest holiday season yet.
Source: ctv business
Purolator hiring 2,400 workers to deal with record number of packages this holiday

A recent move by major Canadian banks to increase fixed mortgage rates on the back of surging bond yields is unlikely to slow the country’s red hot housing market, as more than half of new borrowers take out variable-rate loans that are the cheapest they’ve ever been.
Source: ctv business
Canadian homebuyers pile into variable loans, blunting impact of rising fixed rates

Freshii Inc. says it has signed a deal to buy a majority stake in health and wellness product retailer Natura Market ECommerce Inc., with rights to acquire the rest of the business through the first quarter of 2025.
Source: ctv business
Freshii acquires majority stake in online wellness retailer Natura Market

Near the Twizzlers and Sour Patch Kids at It’Sugar are random items — fidget toys, fruit-shaped soft jelly candies — that earned a spot on the candy store’s shelves because they went viral on TikTok.
Source: ctv business
‘As seen on TikTok’ is the new ‘As seen on TV’

Canadian manufacturing sales rose 0.5 per cent to $60.3 billion in August, helped by gains in the petroleum and coal sector and higher chemical sales, Statistics Canada said Thursday.
Source: ctv business
Statistics Canada says manufacturing sales rose 0.5 per cent in August

In today’s environment, is it a good idea to ask for a raise? CTV’s chief financial commentator Pattie Lovett-Reid tells potential raise seekers what to do, and what not to do, in her latest column on CTVNews.ca.
Source: ctv business
Pattie Lovett-Reid: Why it may not be the right time to ask for a raise

A U.S. federal judge has extended a ban on United Airlines putting employees on unpaid leave for seeking a medical or religious exemption from the airline’s requirement to get vaccinated against COVID-19.
Source: ctv business
Judge bars United Airlines from putting unvaccinated workers on leave

The CEO of an Ontario company that tested out a four-day work week for her employees says she will never go back to working a full week.
Source: ctv business
Ontario CEO tests four-day work week for employees, says she won’t go back

The union representing film and television crews says its 60,000 members will begin a nationwide strike on Monday if it does not reach a deal that satisfies demands for fair and safe working conditions.
Source: ctv business
Film TV workers union says strike to start next week