Direct Loan Canada Blog

Economists warn both Canada’s economy and individual Canadians could suffer from impacts of a U.S. government shutdown, and that those impacts will deepen and broaden the longer it lasts.
Source: ctv business
Here’s how a U.S. government shutdown could impact Canadians

Tech holding company Tiny Ltd. says it’s buying a majority stake in movie review platform Letterboxd.

Victoria, B.C.-based Tiny has not shared what it will pay for the 60 per cent stake it will take in the film diary and rating website.
Source: ctv business
B.C. tech holding company Tiny buys majority stake in film review platform Letterboxd

Epic Games has paid out $2.75 million in a Canadian class-action settlement over in-game ‘loot box’ purchases in Fortnite and Rocket League.
Source: ctv business
Epic Games pays out .7M in class-action over in-game ‘loot box’ purchases in Fortnite and Rocket League

WestJet says it aims to wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business by October of next year.
Source: ctv business
Sunwing Airlines to fold into WestJet within a year

The man accused of killing Baltimore tech entrepreneur Pava LaPere last week and committing a rape and arson days earlier will be held without bail pending trial in those cases, a judge ruled Friday.
Source: ctv business
Suspect in killing of Baltimore tech entrepreneur held without bail

Statistics Canada has released new data about how the economy started off the third quarter, saying the country’s GDP remains essentially unchanged. One economist says it highlights an ongoing trend of weak performance.
Source: ctv business
Canada likely in ’rounding error recession,’ more trouble looming: economist

The fitness companies announced a five-year “strategic global partnership,” which involves Lululemon ditching its Mirror fitness hardware and Peloton reducing production of its private-label line of fitness clothing. Financial terms of the deal weren’t disclosed.
Source: ctv business
Peloton shares rise following a partnership with former foe Lululemon

Unifor has set a deadline for its contract talks with General Motors for 11:59 p.m. on Oct. 9.
Source: ctv business
Unifor sets Oct. 9 deadline for contract talks with General Motors

Canadian economic growth was stuck in neutral in July as the manufacturing sector pulled back for a second consecutive month.
Source: ctv business
Statistics Canada reports real GDP essentially unchanged in July

Air Canada pilots are demonstrating at Toronto’s Pearson airport today, calling for better wages and working conditions as talks with the country’s biggest carrier continue.
Source: ctv business
Air Canada pilots picket at Toronto’s Pearson as talks continue