Direct Loan Canada Blog

An Ontario man who says he routinely sends money to his girlfriend in Cuba was shocked when a $2,500 wire transfer never showed up. But the Royal Bank of Canada said it never went missing.
Source: ctv business
Ontario man loses ,500 after wire transfer to Cuba goes missing

Another proposed airline buyout is renewing debate over whether there has been too much consolidation in the industry — and whether consumers are paying the price.
Source: ctv business
Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?

California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
Source: ctv business
GM’s Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident

A prominent disinformation scholar who left Harvard University in August has accused the school of muzzling her speech and stifling — then dismantling — her research team as it launched a deep dive in late 2021 into a trove of Facebook files she considers the most important documents in internet history.
Source: ctv business
Whistleblower allegation: Harvard muzzled disinfo team after US0 million Zuckerberg donation

The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet — even as Canadians continue to feel the bite of higher prices.
Source: ctv business
Canada’s grocery retail sector one of the most competitive on Earth: Sobeys CEO

Bitcoin is once again having a moment. On Monday, the world’s largest cryptocurrency soared past US$41,000 for the first time in over a year and a half — and marking a 150% rise so far this year.
Source: ctv business
Bitcoin has surpassed US,000 for the first time since April 2022. What’s behind the price surge?

Canada’s telecom sector faced a significant shakeup in 2023 after Industry Minister Francois-Philippe Champagne handed down a mandate requiring the CRTC to prioritize consumer rights, affordability, competition and universal access.
Source: ctv business
Canada’s telecom sector awaiting key regulatory decisions after transformative year

Ailing toy retailer Mastermind GP Inc. says it has reached a deal to sell the bulk of its business to a company representing three big names in the Canadian retail world.
Source: ctv business
Unity Acquisitions snaps up much of toy store Mastermind, 18 stores to close

Children are receiving help through telehealth therapy, a service that schools around the country are offering in response to soaring mental health struggles among American youth.
Source: ctv business
Lacking counsellors, U.S. schools turn to the booming business of online therapy

Spotify says it’s axing 17 per cent of its global workforce, the music streaming service’s third round of layoffs this year as it moves to slash costs while focusing on becoming profitable.
Source: ctv business
Spotify axes 17 per cent of workforce in third round of layoffs this year