Direct Loan Canada Blog

Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory.
Source: ctv business
IBM and EU pull ads from Elon Musk’s X as concerns about antisemitism fuel backlash

IBM said this week that it stopped advertising on X after a report said its ads were appearing alongside material praising Nazis — a fresh setback as the platform formerly known as Twitter tries to win back big brands and their ad dollars, X’s main source of revenue.
Source: ctv business
IBM, EU, Disney and others pull ads from Elon Musk’s X as concerns about antisemitism fuel backlash

A bitter strike at the Rogers Sugar refinery in Vancouver is taking some of the sweetness out of the holiday season for bakers and candy-makers.
Source: ctv business
Strike at Rogers Sugar taking some of the sweetness out of holiday season for bakers

BCE Inc. is seeking to appeal a regulatory decision that will allow independent companies to sell internet services to their customers using its fibre network in Ontario and Quebec, saying it is at risk of suffering irreparable harm.
Source: ctv business
Bell seeks to appeal CRTC decision allowing carriers’ access to its fibre network

Michael Lacey, a founder of the lucrative classified site Backpage.com, was convicted Thursday on a single count of money laundering and acquitted on another. But an Arizona jury deadlocked on 84 other counts against him in a case that alleged he participated in a scheme to sell sex ads, leading the judge to declare a mistrial.
Source: ctv business
Backpage founder convicted of 1 count of money laundering. Arizona jury deadlocks on 84 other counts

Workers at more than 200 U.S. Starbucks locations walked off the job Thursday in what organizers said was the largest strike yet in the 2-year-old effort to unionize the company’s stores.
Source: ctv business
Thousands of U.S. Starbucks workers go on a one-day strike on one of the chain’s busiest days of year

Canada Mortgage and Housing Corp. says the annual pace of housing starts for October ticked up from September.
Source: ctv business
CMHC says annual pace of housing starts in October up 1 per cent from September

Raids on storage facilities in New York City turned up a huge haul of counterfeit handbags, shoes and other luxury merchandise that could have been worth more than $1 billion if the knockoffs had been real, federal authorities announced.
Source: ctv business
NYC raids net knockoff bags, apparel, said to be worth USB if items had been real

More Americans filed for jobless claims last week, but the labour market remains broadly healthy in the face of retreating inflation and elevated interest rates.
Source: ctv business
U.S. applications for jobless claims rise in a labour market that remains very healthy

Announcement of a new wind farm marks Amazon’s fourth renewable energy project in Canada and comes on the heels of the recent opening of the company’s Travers Solar Project, which is also located in southern Alberta and is the largest solar farm ever constructed in Canada.
Source: ctv business
Tech giant Amazon’s first Canadian wind farm project to be located in Alberta