Direct Loan Canada Blog

The country’s annual inflation rate hit a pandemic-era high of 1.1 per cent last month, driven by a rise in gasoline prices that suggests an economic recovery is on the horizon.
Source: ctv business
Annual pace of inflation edges up in February

A U.S. advisory firm is hoping that Canadian clothing retailer Le Chateau will rise from the ashes of insolvency.
Source: ctv business
Le Chateau brand for sale by U.S. advisory firm under creditor protection process

One year after the federal government instituted its first COVID-19 related travel restrictions, flight attendants have borne the brunt of the economic pain, along with thousands of pilots, groundcrew and technicians in Canada.
Source: ctv business
Laid-off airline workers mull post-COVID job options as industry languishes

The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy protection.
Source: ctv business
Texas company behind huge electricity bills seeks bankruptcy

The latest pipeline dispute between Canada and the United States is back on the agenda in Ottawa.
Source: ctv business
Canada-U.S. Commons committee exploring latest cross-border pipeline flashpoint

Purdue Pharma has filed a restructuring plan to dissolve itself and establish a new company dedicated to programs designed to combat the opioid crisis, according to court documents filed Monday.
Source: ctv business
Sackler family agrees to pay US.2 billion as part of plan to dissolve OxyContin maker Purdue

Wireless network maker Nokia says it is planning to cut up to 10,000 jobs, or more than 10 per cent of its staff, to reduce costs as it invests in research and development and tries to cement its role as a key supplier of 5G technology.
Source: ctv business
Nokia to cut up to 10,000 jobs to ramp up R&D in 5G race

Walmart announced on Monday that it would be closing three stores in Ontario, two in Alberta and one in Newfoundland.
Source: ctv business
These are the Walmart stores closing across Canada

Birds pecking at covers and a grass strimmer causing a puncture — insurance claims for hot tub damage tripled in Britain last year as people took more dips during lockdowns, according to one insurer.
Source: ctv business
U.K. hot tub insurance claims bubble over during COVID-19

The federal banking regulator is rolling back temporary changes it put in place last year to help the country’s banks weather the pandemic.
Source: ctv business
OSFI unwinding temporary rules for banks put in place to help weather the pandemic