Direct Loan Canada Blog

Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a US$1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry.
Source: ctv business
Alaska Air to buy Hawaiian Airlines in a US.9 billion deal that may attract regulator scrutiny

Casino workers for MGM Grand Detroit have voted to ratify a new contract, ending a 47-day strike.
Source: ctv business
Casino workers with MGM Grand Detroit ratify deal, ending 47-day strike

Since the flurry of excitement over A&W’s beef-free burger and the company behind it, the nascent plant-based meat industry has had to swallow a bitter pill: the exponential growth anticipated by many has not panned out. Yet industry experts say there’s still plenty of growth in the future for plant-based meat products — and several areas where the sector still needs investment.
Source: ctv business
Plant-based meat industry still poised for growth despite recent setbacks: experts

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles.
Source: ctv business
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

Air Canada is hoping to give its customers more confidence when travelling with checked luggage through a new baggage tracking feature.
Source: ctv business
Here’s how Air Canada’s new baggage tracking app works

BMO Financial Group said Friday it expects higher cost savings from its US$16.3 billion Bank of the West acquisition as part of a wider focus on efficiencies to weather the economic slowdown.
Source: ctv business
BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate

Walmart Canada says it will invest nearly $1 billion this fiscal year on a slew of projects meant to modernize the retail giant’s Canadian footprint.
Source: ctv business
Walmart Canada investing billion in modernization, ‘store of the future’

The experiences in Ontario’s cities are echoed across Canada, as downtowns grapple with high vacancy rates, the post-pandemic work culture and the prospect that crowds of office workers may never return in full.
Source: ctv business
Can Canadian downtowns find new purpose in a post-office era?

Canada’s unemployment rate continues to trend higher as the Bank of Canada’s steep interest rate hikes weigh down the economy leaves workers with fewer options in the job market.
Source: ctv business
Cracks in job market grow as BoC succeeds at slowing economy to a near halt

With manufacturing kinks still to be worked out, Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers Thursday, two years behind the original schedule amid uncertainty over when large-scale production will begin.
Source: ctv business
Tesla delivers about a dozen stainless steel Cybertruck pickups as it tries to fix production woes