Direct Loan Canada Blog

French luxury makeup and skincare brand Clarins is pulling out of Hudson’s Bay stores in Canada.
Source: ctv business
Luxury beauty brand Clarins to pull out of Hudson’s Bay stores in Canada

The U.S. Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competition and driving up prices for fans.
Source: ctv business
U.S. Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans

The U.S. Justice Department sued Ticketmaster and its parent company Thursday, accusing them of running an illegal monopoly over live events in America and asking a court to break up the system that squelches competition and drives up prices for fans.
Source: ctv business
U.S. government sues Ticketmaster owner and asks court to break up company’s monopoly on live events

Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chip-making dominance that has made the company an icon of the artificial intelligence boom.
Source: ctv business
Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Maple Leaf Foods announced Wednesday that it is closing its Brantford, Ont. plant in early 2025.
Source: ctv business
Maple Leaf Foods closing its Brantford, Ont. plant

The Writers Guild of Canada has ratified a new three-year contract that increases pay and implements artificial intelligence protections for writers, story editors and story consultants.
Source: ctv business
Pay increases, AI provisions included in Writers Guild of Canada labour deal

Longtime Apple executive Phil Schiller on Wednesday acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn’t done much to increase competition — a shortcoming that could result in a federal judge demanding more changes.
Source: ctv business
Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments

WestJet Airlines plans to launch a new cheaper fare category that would be available to travellers willing to fly without a carry-on bag.
Source: ctv business
WestJet planning new fare category for travellers willing to forgo carry-on bag

Microsoft’s buzziest new AI feature is raising concerns that it could potentially be misused in the wrong hands.
Source: ctv business
Privacy experts sound the alarm over Microsoft’s latest AI tool

Canada’s biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.
Source: ctv business
CPP Investments earned 8 per cent in latest fiscal year, net assets rose to 2 billion