Direct Loan Canada Blog

Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signalled its objection to the deal.
Source: ctv business
Amazon’s bid to buy Roomba maker iRobot is called off amid pushback in Europe

It’s once again a leap year in 2024. For some Canadians, Feb. 29 means an extra day of pay, while others may find themselves having to work for free on the leap day.
Source: ctv business
Leap year means some employees make more money, while others get paid less

The Trans Mountain pipeline expansion is facing delay yet again.
Source: ctv business
Trans Mountain expansion runs into ‘technical issues,’ completion delay possible

Court documents show Flair Airlines owes the federal government $67.2 million in unpaid taxes, prompting the Canada Revenue Agency to obtain an order for the seizure and sale of the carrier’s property.
Source: ctv business
Flair Airlines owes feds million in unpaid taxes, prompting seizure order

Britain’s government will ban the sale of disposable vapes and limit their cornucopia of flavours to prevent children from becoming addicted to nicotine, officials said Monday. It also plans to stick to a contentious proposal to ban today’s young people from ever buying cigarettes.
Source: ctv business
The U.K. says it will ban disposable vapes and curb candy-flavoured e-cigarettes aimed at kids

The Biden administration will start implementing a new requirement for the developers of major artificial intelligence systems to disclose their safety test results to the government.
Source: ctv business
AI companies will need to start reporting their safety tests to the US government

Houthi rebels in Yemen, seeking to stop Israel’s offensive against Hamas in Gaza, are attacking cargo ships plying the waters connecting Asia with Europe and the United States, forcing traffic away from the Suez Canal and around the tip of Africa. The disruption is causing delays and driving up costs — at a time when the world has yet to vanquish a resurgence of inflation.
Source: ctv business
Houthi attacks in the Red Sea are idling car factories and delaying new fashion. Will it get worse?

As home sales throughout much of Canada have turned sluggish, home staging services have taken a hit as sellers rethink the cost of a thorough revamp
Source: ctv business
Home staging companies forced to adapt as sellers pull back in slow housing market

NBA Commissioner Adam Silver is finalizing an extension to remain as commissioner of the NBA for several more years, a person with knowledge of the agreement said Saturday night.
Source: ctv business
NBA Commissioner Adam Silver finalizing contract extension, source tells AP

A B.C. senior who has spent more than $3.4 million on the construction of a home on the Sunshine Coast has been granted an injunction against the former co-owners of the property, who have contributed only $115,000 to the project.
Source: ctv business
B.C. senior wins right to sell home she paid .4M to build, despite objections of co-owners who paid just 5K