Direct Loan Canada Blog

A convenience store in Toronto has been hit with a three-week liquor and lottery licence suspension after an Alcohol and Gaming Commision of Ontario (AGCO) inspection found it was selling alcoholic beverages well before corner stores can officially stock its shelves with beer, wine and ready-to-drink beverages.
Source: ctv business
Toronto convenience store found selling alcohol weeks before it is allowed: AGCO

Lululemon Athletic Inc. says its net income reached US$392.9 million in its second quarter as net revenue climbed.
Source: ctv business
Lululemon cuts full-year outlook amid struggle with ‘newness’ in its womenswear

Nvidia shares pared some losses in premarket trading on Thursday, shaking off an earlier decline as investors stayed confident about the chip giant’s growth prospects despite a forecast that fell short of lofty expectations.
Source: ctv business
Nvidia’s subdued forecast dampens enthusiasm in AI chip stocks after steady rally

A Brazilian Supreme Court justice on Wednesday threatened to shut down the local operations of X, formerly Twitter, unless its billionaire owner Elon Musk names an in-country legal representative within 24 hours.
Source: ctv business
Brazil top court threatens to suspend X operations in latest twist of ongoing feud

Yelp filed an antitrust lawsuit against Google on Wednesday, alleging Google used its monopoly to dominate local search and advertising markets.
Source: ctv business
Yelp sues Google, alleging a search engine monopoly that promotes its own reviews

Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection.
Source: ctv business
Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings

The chair of Canada Post’s board says the organization’s financial situation is unsustainable.
Source: ctv business
Canada Post at ‘critical juncture,’ financial situation unsustainable: board chair

The maker of Tylenol defeated a lawsuit by U.S. consumers who said they were deceived into overpaying for ‘Rapid Release’ gelcaps that did not relieve pain faster than cheaper tablets, including those labelled Extra Strength and Regular Strength.
Source: ctv business
Tylenol maker defeats U.S. lawsuit over labelling

The Canadian Grain Commission (CGC) says it has revoked licences of Saskatchewan grain handler Purely Canada Foods Corp.
Source: ctv business
Canadian Grain Commission revokes licences of Sask. grain handler

Flair Airlines is looking for partners to inject fresh capital into the discount carrier in order to ‘restructure’ its finances and build out its fleet.
Source: ctv business
Flair Airlines seeks investors to ‘restructure’ finances and grow fleet