Direct Loan Canada Blog

A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the US$3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline.
Source: ctv business
JetBlue’s US.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

Ryanair Chief Executive Michael O’Leary called on Tuesday for a revamp of Boeing management after the mid-air blowout of a cabin panel in an Alaska Airlines 737 MAX 9, but said senior leaders should stay.
Source: ctv business
Boeing needs more hands-on management, not resignations: Ryanair CEO

Some tax changes this year are increasing costs for Canadians, including one that a tax specialist says could be the ‘last winter storm of the season that really turns things upside down.’
Source: ctv business
Important tax changes Canadians should know about in 2024

Food inflation is still higher than headline inflation, according to just-released Canadian data. Here’s what cost you more, and less, in December.
Source: ctv business
Food prices in Canada rose in December. Here’s what cost you more

Canada’s annual inflation rate rose to 3.4 per cent in December, largely reflecting a sharper decline in gasoline prices a year ago compared to last month.
Source: ctv business
Canada’s annual inflation rate accelerates to 3.4 per cent in December, complicating path for BoC

Black Press Ltd., the owner of dozens of community newspapers across Western Canada, said Monday it had entered creditor protection, secured a tentative sale of the company and that founder David Black is retiring.
Source: ctv business
Black Press Ltd. files for creditor protection, announces sale

As consumers struggle with inflation and rising food prices, Canada’s largest supermarket chain is facing criticism for cutting discounts on its most affordable items. Loblaw Companies Ltd. and their stores across Canada are adjusting their 50 per cent discount for last-day sale items — products that will expire the following day or soon after — to 30 per cent.
Source: ctv business
What experts think of Loblaw ending its 50 per cent discounts on last-day sale items

More executives are feeling better about the global economy, but a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence, according to a new survey of CEOs by one of the world’s largest consulting firms, PwC.
Source: ctv business
More CEOs fear their companies won’t survive 10 years as AI and climate challenges grow, survey says

A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per cent jump year-over-year.
Source: ctv business
Asking rents jump 8.6% in December to hit record ,178 on average: report

Boeing told employees Monday that it plans to increase quality inspections of its 737 Max 9 aircraft, following the failure of an emergency exit door panel on an Alaska Airlines flight last week.
Source: ctv business
Boeing to increase quality inspections on 737-Max following Alaska Airlines blow out