Direct Loan Canada Blog

Billionaire Len Blavatnik’s family foundation has suspended donations to Harvard until the university addresses antisemitism on campus, a person familiar with the matter confirmed to CNN.
Source: ctv business
Billionaire megadonor suspends donations to Harvard

Canada’s gross domestic product (GDP) remained unchanged for the third consecutive month in October, according to the latest data released by Statistics Canada.
Source: ctv business
Canada’s GDP remained frozen for third consecutive month in October: StatCan

The rubber stamped sale of HSBC’s Canadian operations to RBC will lessen competition on mortgage rates, says one analyst who touted the bank’s key role in lowering borrowing costs through its presence in Canada.
Source: ctv business
RBC’s takeover of HSBC Canada means less competition on mortgage rates: expert

Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy away from doing more work and blending your work with your life.
Source: ctv business
Wayfair CEO: Employees need to work longer hours

The Canadian Transportation Agency says it’s issued a $97,500 penalty to Air Canada for violating the Accessible Transportation for Persons with Disabilities Regulations.
Source: ctv business
Transportation agency penalizes Air Canada for violating disabilities regulations

The Montreal company that owns the world’s largest pornography site has agreed to pay more than $1.8 million to the United States after reaching a deal with prosecutors over a money laundering charge.
Source: ctv business
Pornhub owner to pay .8M to U.S. after reaching deal with prosecutors over sex-trafficking allegation

President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.
Source: ctv business
Biden believes U.S. Steel sale to Japanese company warrants ‘serious scrutiny,’ White House says

A descendant of Europe’s richest family has reportedly begun a process to adopt his middle-aged former gardener, planning to leave him at least half of his roughly €12 billion (US$13 billion) fortune.
Source: ctv business
Hermes billionaire wants to bequeath fortune to his former gardener

Apple has been rebuffed in its latest attempt to untangle a patent dispute that is pushing the company into suspending sales of two popular Apple Watch models as the holiday shopping season wraps up.
Source: ctv business
Apple loses latest bid to thwart patent dispute threatening to stop U.S. sales of two watch models

Statistics Canada says retail sales rose 0.7 per cent to $66.9 billion in October, helped by higher sales at new car dealers.
Source: ctv business
Statistics Canada reports retail sales rose 0.7% to .9 billion in October