Direct Loan Canada Blog

The PGA Tour is getting a US$3 billion investment from Strategic Sports Group in a deal that would give players access to more than US$1.5 billion as equity owners in the new PGA Tour Enterprises.
Source: ctv business
PGA Tour strikes US billion deal with Fenway-led investment group. Players to get equity ownership

Canada’s overall rental vacancy rate reached a new low of 1.5 per cent in 2023, according to the Canada Mortgage and Housing Corperation (CMHC).
Source: ctv business
Canada rental vacancy rate hits all-time recorded low as average rent climbs: CMHC

H&M’s top executive unexpectedly stepped down Wednesday and the company’s stock plunged as the fashion giant reported a drop in sales over the holiday shopping season.
Source: ctv business
H&M’s top leader steps down in surprise move as earnings disappoint

Canada’s economy appears to have ended 2023 on a stronger note than expected, which economists say could push back the timeline for interest rate cuts this year.
Source: ctv business
Economic bounce back at the end of 2023 could push back rate cuts, economists say

Toyota is telling the owners of around 7,300 vehicles in Canada to stop driving them because their air bag inflators may explode. The notice covers certain 2003-2004 models, a Toyota Canada spokesperson said Tuesday.
Source: ctv business
‘Stop driving’: Toyota Canada issues warning to owners of more than 7,000 vehicles affected by recall

UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save US$1 billion costs. Managers and contractor positions will make up most of the layoffs.
Source: ctv business
UPS is cutting 12,000 jobs

B.C.’s small claims tribunal has weighed in on two cases where employers attempted to sue workers who allegedly quit without providing the notice required by their contracts.
Source: ctv business
B.C. employers sue workers for quitting without required notice

Some pharmacare policy experts are raising concerns about competition and patient access to much-needed medication after Manulife Financial Corp. announced its coverage of certain prescription drugs will only apply at Loblaw Cos. Ltd. pharmacies.
Source: ctv business
Manulife-Loblaw deal to deliver specialty drugs sparks access, competition concerns

Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer.
Source: ctv business
Japanese officials raid a Toyota group plant after the company admitted cheating on engine testing

Facing severe criticism after a door plug blew out on a 737 Max over Oregon this month, Boeing said Monday that it is withdrawing a request for a safety exemption needed to certify a new model of the plane.
Source: ctv business
Facing scrutiny over quality control, Boeing withdraws request for safety exemption