Direct Loan Canada Blog

The union representing 9,300 workers at Canada’s two biggest railways says public safety is at stake as contract negotiations ground to a halt this month, with a potential strike on the horizon.
Source: ctv business
Railway workers warn ‘work stoppage looms’ after CN, CPKC seek conciliation

The number of passengers flying through Dubai International Airport surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation.
Source: ctv business
Dubai International Airport had 87 million passengers last year in a post-pandemic surge

Source: ctv business
Ex-YouTube CEO’s son dies at UC Berkeley campus, according to officials, relative

Leonard Lauder — heir to the Estee Lauder cosmetics empire — coined the term “lipstick effect” in the early aughts, when many countries were in the throes of a recession, to describe the way customers with less to spend were still willing to splurge on a small item.
Source: ctv business
‘Always a reason to buy beauty’: Young shoppers keep cosmetics hot despite inflation

In December, Nike slashed its revenue forecast and announced cost cuts amid growing concerns that consumers around the world are slowing their spending.
Source: ctv business
Nike is cutting close to 1,700 jobs, about 2 per cent of its employees

For grocers, selling perishable items means making continual choices about every item on display – especially the ones nearing the end of their shelf life. For those that don’t sell in time, most stores try to donate them to food banks rather than throw them away.
Source: ctv business
What happens to food that grocery stores in Canada don’t sell?

The Newfoundland and Labrador government says vacation rental company Vrbo has apologized for an advertisement that prompted a call from the premier for it to be pulled.
Source: ctv business
Vrbo apologizes for ad featuring beloved folk song that some found offensive, Newfoundland says

A decision on Air Canada’s liability for what its chatbot said is a reminder of how companies need to be cautious when relying on artificial intelligence, experts say.
Source: ctv business
Air Canada chatbot decision a reminder of company liability: experts

Passengers with disabilities filed approximately 200 complaints with WestJet last year, a figure the airline’s CEO says he’s ‘proud’ to call a ‘small number.’
Source: ctv business
‘Every single case is one case too many’: Passengers with disabilities filed 200 complaints in 2023, WestJet CEO tells parliamentary committee

As some of the world’s biggest economies stumble into recession, the United States keeps chugging along.
Source: ctv business
Recession has struck some of the world’s top economies but the U.S. keeps defying expectations