Direct Loan Canada Blog

WestJet says it will wind down operations at Swoop as it integrates the budget carrier’s operations into its main banner.
Source: ctv business
WestJet to wind down Swoop, integrate into main operation

Air Canada has rejected compensation claims from some travellers who were among the thousands affected by flight delays caused by computer problems in recent weeks — a response it now calls ‘erroneous,’ with cash offers en route.
Source: ctv business
Air Canada rejects passenger compensation claims for delays caused by tech issue

Air Canada says it made a mistake in rejecting some compensation claims from the thousands of travellers affected by delayed flights due to computer malfunctions.
Source: ctv business
Air Canada walks back compensation denials after thousands delayed due to tech issues

Daily U.S. sign-ups for Netflix have jumped in the first few days after the streaming giant’s password-sharing crackdown came into effect on May 23, data from research firm Antenna showed.
Source: ctv business
Netflix sign-ups jump as U.S. password sharing crackdown kicks off: data

Six years ago, Kirk Vartan turned A Slice of New York Pizza into a co-op by selling the business to his staff as a leveraged buyout. The employee-owners are now paying back a business loan with the profits generated by the company. And they all run the shop as a board of directors.
Source: ctv business
Pizza shop owner turned his business into a worker-owned co-op

Raging wildfires and smoky skies across much of Canada have put a damper on travel this summer, resulting in cancelled plans and closed businesses.
Source: ctv business
Wildfires, smoke having ‘huge impact’ on some tourism operators across Canada

Canada’s unemployment rate ticked up in May for the first time in nine months, but forecasters say the Bank of Canada will have to see more softening in the economy before it takes it takes a step back from raising interest rates.
Source: ctv business
Job market shows sign of softening, but economists say more needed to stop rate hikes

Asian shares mostly rose Friday, led by a jump on the Tokyo Stock Exchange where share prices got a boost of optimism from a new bull market on Wall Street.
Source: ctv business
Stock market today: Wall Street is off to a mixed start; Big Tech climbs

In the wake of the Bank of Canada’s unexpected rate hike, economists are pointing to further tightening in the near term.
Source: ctv business
Are more interest rate hikes on the way? Here’s what experts say

Parents are finding it tougher than ever to save for their children’s post-secondary education, but the mainstays of post-secondary saving remain key tools, as do clear goals and plenty of planning.
Source: ctv business
Stretched thin, parents have swath of options to save for children’s education