Direct Loan Canada Blog

The Transportation Safety Board (TSB) issued three recommendations to increase commercial fishing safety in Canada after it found “systemic safety issues” during an investigation into the sinking of the Tyhawk in 2021.
Source: ctv business
TSB issues commercial fishing safety recommendations following 2021 sinking of Tyhawk

A jury should decide whether Tesla and Elon Musk oversold the capabilities of the electric car company’s Autopilot system and caused the fatal crash of a software engineer who engaged it, took his hands off the steering wheel and seconds later slammed into a truck, a Florida judge has ruled.
Source: ctv business
Lawsuit blaming Tesla’s Autopilot for driver’s death can go to trial, judge rules

As Black Friday approaches, experts and reports are saying Canadians will still be looking for deals, but it won’t be for luxury items.
Source: ctv business
‘Needs’ vs. ‘wants:’ How Canadian shopping could differ this Black Friday

Bank of Canada Governor Tiff Macklem warns fighting inflation half-heartedly and living with its consequences would be a huge mistake. The governor acknowledged during a speech Wednesday that interest rates may already be high enough to bring inflation back to target, but he doubled down on the central bank’s readiness to raise rates further if inflation doesn’t come down.
Source: ctv business
Fighting inflation half-heartedly would be ‘huge mistake,’ BoC’s Macklem warns

Bank of Canada Governor Tiff Macklem says the federal government’s new fiscal guardrails unveiled in its fall economic statement are helpful for monetary policy.
Source: ctv business
Federal government’s new fiscal guardrails ‘helpful’ for monetary policy: Macklem

Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday.
Source: ctv business
Broadcom planning to complete deal for billion acquisition of VMWare after regulators give OK

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. It was set up as a nonprofit by founders who hoped that it wouldn’t be beholden to commercial interests. But the arrangement got complicated.
Source: ctv business
OpenAI’s unusual non-profit structure led to dramatic ouster of sought-after CEO

Bell Media-owner BCE Inc. wants the federal broadcasting regulator to create a news fund that would provide money to broadcasters and require foreign streamers to contribute to the subsidy through their Canadian content spending.
Source: ctv business
‘Your priorities are backwards,’ Bell tells CRTC during Online Streaming Act hearing

While Canada’s food prices remained elevated, they also continued their trend of slower year-over-year growth in October, according to the latest figures from Statistics Canada.
Source: ctv business
Here are the food prices that increased, decreased in October

Major Canadian grocer Empire, the parent company of Sobeys, confirmed it will expand price freezes on several products between November 2023 to January 2024.
Source: ctv business
Major Canadian grocer says expanded price freezes will happen amid new plans to stabilize food prices