Direct Loan Canada Blog

Amazon is being sued by U.S. regulators and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition.
Source: ctv business
Amazon sued by U.S. regulators, 17 states over allegations it inflates online prices, overcharges

Joe Biden is making history today as the first modern U.S. president to visit a picket line — a big-stakes play for blue-collar votes with implications for Canada.
Source: ctv business
Canada watching nervously as Biden, Trump do battle in Michigan over EV strategy

Wall Street’s September swoon is worsening Tuesday, and U.S. stocks are falling toward their lowest level since June.
Source: ctv business
Stock market today: Wall Street drops as its September slump gets even worse

Gatwick Airport, London’s second-busiest, is limiting flights this week, partly because of an outbreak of COVID-19 within air traffic control.
Source: ctv business
London’s Gatwick Airport limits flights this week due to staff illness, including COVID-19

U.S. President Joe Biden’s decision to stand alongside United Auto Workers pickets on Tuesday on the 12th day of their strike against major carmakers underscores support of labour unions that appears to be unparalleled in presidential history.
Source: ctv business
Biden will join the UAW strike picket line. Experts can’t recall the last time a president did that

Contract talks between Unifor and General Motors Canada begin today. The negotiations cover about 4,300 workers at the automaker’s St. Catharines Powertrain Plant, the Oshawa Assembly Complex and the Woodstock Parts Distribution Centre.
Source: ctv business
Unifor contract talks with General Motors begin after workers ratify Ford deal

Even if no new government climate policies are introduced before 2030, global demand for fossil fuels will still peak before the end of the decade, a new report by the International Energy Agency states.
Source: ctv business
No new oil, coal projects needed as fossil fuel demand to peak this decade: IEA

A Toronto-based real estate company says it is planning to build 5,000 new rental units in urban centres across the country as a result of the federal government’s decision to eliminate GST charges on rental developments.
Source: ctv business
Developer says it’s moving to build 5,000 rental units because of Liberals’ GST break

Canada’s industry minister made a point of calling out Pepsi and Coca-Cola for not sending representatives to a meeting he convened on Monday with manufacturing companies to discuss stabilizing grocery prices.
Source: ctv business
Cost of living: Pepsi and Coca-Cola absent in meeting with federal industry minister

Homeowners in Atlantic Canada completed the highest number of emergency repairs due to weather-related events in the past year, according to HomeStars’ latest renovation report.
Source: ctv business
Weather-related home repairs highest in Atlantic Canada: survey