Direct Loan Canada Blog

Disgraced Theranos CEO Elizabeth Holmes has apparently behaved well enough during the first six weeks of her more than 11-year prison sentence for duping investors in her blood-testing hoax to be eligible for release nearly two years ahead of schedule, federal officials confirmed Tuesday.
Source: ctv business
Elizabeth Holmes on track for early release from her 11-year prison sentence for Theranos scam

Maritime employers says the impact of the B.C. port strike is spilling over internationally, as U.S. port workers refuse to handle containers rerouted from Vancouver to Seattle.
Source: ctv business
B.C. port strike: U.S. workers refusing to touch cargo rerouted from Canada

Scams targeting online shoppers — often by impersonating companies like Amazon and other major retailers — are nothing new. But phishing attempts increase amid busy spending seen during significant sales like Prime Day, according to the Better Business Bureau.
Source: ctv business
Be wary of scams as Amazon Prime Day kicks off, experts warn

The Canadian Transportation Agency is laying out proposed changes to the passenger rights charter.
Source: ctv business
Regulator lays out proposed changes to passenger rights charter

The Bank of Canada is widely expected to raise interest rates again this week and this economist warns that it’s the ‘new orthodoxy’ as central bankers try to stamp out inflation.
Source: ctv business
Economist: Rate hike is coming and the goal ‘is to hurt people’

A judge has handed Microsoft a major victory by declining to block its looming US$69 billion takeover of video game company Activision Blizzard. Regulators are seeking to ax the deal because they say it will hurt competition.
Source: ctv business
Microsoft can move ahead with record B acquisition of Activision Blizzard, U.S. judge rules

Stellantis is urging U.S. owners of about 29,000 older Dodge Ram pickups to stop driving them after a passenger was killed by an exploding Takata air bag inflator.
Source: ctv business
Another Takata air bag inflator death prompts new U.S. warning about Ram pickups

As the country grapples with rising living costs and inflation, a new report reveals that for the sixth consecutive year, money remains the primary source of stress for Canadians, particularly for younger Canadians.
Source: ctv business
Nearly half of Canadians have lost sleep over financial stress, especially young people: survey

Cineplex says box office revenues in June were $56 million, amounting to 98 per cent of box office revenues from the similar period in 2019.
Source: ctv business
Cineplex box office revenues near pre-COVID levels ahead of Barbie, Oppenheimer

The Northwest Territories government says it plans to increase the minimum wage by almost 5.6 per cent to reflect an increase in the consumer price index.
Source: ctv business
Northwest Territories to increase minimum wage by nearly 5.6 per cent