Direct Loan Canada Blog

Last month, news surfaced that major companies like Walmart, Starbucks, Delta and Chevron were using AI to monitor employee communications. The reaction online was swift, with employees and workplace advocates worrying about a loss of privacy.
Source: ctv business
Your company probably knows you’re reading this story at work

The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly US$2 billion for unfairly favouring its own music streaming service by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps.
Source: ctv business
Apple gets fined nearly US billion by the EU for hindering music streaming competition

The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.
Source: ctv business
Bank of Canada expected to hold interest rates this week as grey cloud hangs over economy

Canada’s biggest grocers are investing money and space in discount stores such as No Frills, Food Basics and FreshCo as shoppers look for ways to save on food amid the higher cost of living.
Source: ctv business
Major grocers expanding discount footprint as customers keep budgets tight

The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth US$5.6 billion as legal fees.
Source: ctv business
Lawyers who successfully argued Musk pay package was illegal seek US.6 billion in Tesla stock

Toronto Police said there has been a 40 per cent increase in break and enter crimes over the past six months with thieves targeting small businesses to steal point of sale terminals (POS).
Source: ctv business
Targeted debit machines thefts soar in Toronto as criminals get more sophisticated: police

The Federal Aviation Administration has flagged more safety issues for two troubled families of Boeing planes, the latest in a series of issues at the embattled aircraft maker.
Source: ctv business
The FAA has identified more safety issues on Boeing’s 737 Max and 787 Dreamliner

The United Steelworkers union says it has reached a tentative deal with Canadian National Railway Co. for a new contract covering 3,000 workers in Canada.
Source: ctv business
United Steelworkers Local 2004 reaches tentative deal with CN Rail

The Body Shop Canada Ltd. is shutting down more than 30 stores across Canada. The renowned beauty brand announced Friday it will start immediately liquidating nearly a third of its 105 stores.
Source: ctv business
Here’s where The Body Shop is closing in Canada

The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure itself under the Bankruptcy and Insolvency Act.
Source: ctv business
Body Shop Canada files for bankruptcy protection, plans restructuring