Direct Loan Canada Blog

Air Canada says it has repaid about $589 million in debt that it used to buy aircraft.
Source: ctv business
Air Canada repays 9M in debt used to buy Airbus and Boeing aircraft

Travellers to Greece’s popular island destinations will face disruptions next week because of a 24-hour strike on Sept. 13 by ferry crews who cite safety and labour concerns.
Source: ctv business
Greek ferry crews call a strike over work conditions after the death of a passenger pushed overboard

The IRS announced on Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.
Source: ctv business
The IRS plans to crack down on 1,600 millionaires to collect millions of dollars in back taxes

Statistics Canada says the unemployment rate held steady at 5.5 per cent in August as the Canadian economy added 40,000 jobs.
Source: ctv business
Unemployment rate steady at 5.5% in August as economy adds 40K jobs: Statistics Canada

Bank of Canada Governor Tiff Macklem said the central bank may have to raise interest rates further, given inflation may stay high for some time.
Source: ctv business
Bank of Canada may need to raise rates again, despite this week’s hold: Macklem

Via Rail is increasing service in Ontario, returning the passenger railway to levels not seen since before the COVID-19 pandemic.
Source: ctv business
VIA Rail announces ramped up service in Ontario

Almost a year since he took on the top job, Indigo Books & Music Inc.’s chief executive is moving on.
Source: ctv business
Indigo Books & Music CEO Peter Ruis resigns as leadership changes continue

Online gig work is growing globally, particularly in the developing world, creating an important source of employment for women and young people in poorer countries where jobs are scarce, according to a World Bank report released Thursday.
Source: ctv business
Online gig work is growing rapidly, but workers lack job protections, a World Bank report says

The United Auto Workers union on Wednesday made a labour contract counterproposal on economic issues to Ford Motor, while Chrysler parent company Stellantis planned its counteroffer this week.
Source: ctv business
UAW makes contract counteroffer to Ford; Stellantis to make offer

The Bank of Canada surprised almost no one when it held interest rates steady at five per cent Wednesday amid cooling economic data. Here’s what you need to know about the decision, and what could be next.
Source: ctv business
What today’s interest rate decision means, and what experts say is next