Direct Loan Canada Blog

The finance committee of the House of Commons has called on the Finance Minister to block RBC’s $13.5-billion takeover of HSBC Canada over concerns it will hurt competition.
Source: ctv business
Finance committee calls for feds to block RBC-HSBC deal on competition concerns

U.S. autoworkers at the first Ford factory to go on strike have voted overwhelmingly in favour of a tentative contract agreement reached with the company.
Source: ctv business
UAW members at the first Ford plant to go on strike overwhelmingly approve the new contract

The United States on Thursday imposed a new round of sanctions on 130 firms and people from Turkey, China and the United Arab Emirates in an effort to choke off Russia’s access to tools and equipment that support its invasion of Ukraine.
Source: ctv business
The U.S. sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine

Olive oil, a daily staple of Mediterranean cuisine and the life of many a salad throughout Europe, is experiencing a staggering rise in price. It’s a prime example of how food still outruns overall inflation in the European Union.
Source: ctv business
Hold the olive oil! Prices of some basic European foodstuffs keep skyrocketing

Switzerland’s national rail operator said Thursday the world’s longest rail tunnel won’t be fully reopened to train traffic until next September, again pushing back the target date for repairs of damage caused by a cargo train derailment.
Source: ctv business
Key Swiss rail tunnel damaged by derailment won’t fully reopen until next September

Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York, Attorney General Letitia James announced Thursday.
Source: ctv business
Uber and Lyft to pay US8M in New York wage theft settlement

The Alberta and federal governments are calling on each other to be transparent and accountable ahead of a national meeting Friday on the province’s proposal to quit the Canada Pension Plan.
Source: ctv business
Alberta, Ottawa demand accountability ahead of meeting on Alberta CPP-exit proposal

The Canadian Dairy Commission is delaying a planned increase to the farmgate price of milk by three months as the food industry grapples with pressure to stabilize food prices.
Source: ctv business
Canadian Dairy Commission delays farmgate milk price hike by three months

The Associated Press news website experienced an outage that appeared to be consistent with a denial-of-service attack, a federal criminal act that involves flooding a site with data in order to overwhelm it and knock it offline.
Source: ctv business
AP news site hit by apparent denial-of-service attack

John has Down syndrome and with the help of the Massachusetts Down Syndrome Congress, he secured that job right out of high school after an internship with them. He does everything from administrative work to community events and even giving the best pep talks to the Bruins alumni team.
Source: ctv business
‘Your Next Star’ helps people with Down syndrome get valuable work experience