Direct Loan Canada Blog

Sales of luxury apparel, jewelry and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain.
Source: ctv business
Global luxury sales forecast to plunge 23 per cent due to pandemic

After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight.
Source: ctv business
FAA clears Boeing 737 Max to fly again

Statistics Canada says the consumer price index in October was up 0.7 per cent compared with a year ago as the annual pace of inflation increased led by higher food prices.
Source: ctv business
Annual rate of inflation rose to 0.7 per cent in October

The federal anti-money laundering agency says it gave more than 2,000 intelligence leads to partners in the last fiscal year despite the havoc the COVID-19 pandemic created for the business world.
Source: ctv business
Pandemic underscores importance of financial intelligence, federal centre says

U.S. stock indexes are drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future push some investors to look past the worsening pandemic in the present.
Source: ctv business
U.S. stocks near records as vaccine hopes, virus fears collide

The Calgary-based company said it is forging ahead with construction of the pipeline from Alberta to Nebraska despite Biden’s election campaign vow to rip up the presidential permit.
Source: ctv business
TC Energy exec says Keystone XL fits Biden agenda with union jobs, Indigenous support

The ketchup maker says the decision to move production back to Canada from the U.S. comes after a joint investment between Kraft Heinz Canada and the Quebec government’s business expansion program.
Source: ctv business
Kraft Heinz says production of its iconic condiment Heinz Ketchup to return to Canada

The online colossus opened an online pharmacy Tuesday that allows customers in the U.S. to order medication or prescription refills, and have them delivered to their front door in a couple of days.
Source: ctv business
Amazon opens online pharmacy for U.S. customers, shaking up another industry

The owner of the Toronto Star newspaper is getting into the parcel delivery business with a new courier service targeted at retailers.
Source: ctv business
Torstar launches new parcel delivery service for Ontario retailers

Wholesale sales in Canada rose 0.9 per cent to $66.2 billion in September, boosted by gains in sectors that provide consumer goods such as food, pharmaceuticals and pharmacy supplies Statistics Canada said Tuesday.
Source: ctv business
Statistics Canada says wholesale sales rose 0.9 per cent in September