Direct Loan Canada Blog

Air Canada has been ordered to pay more than $1,500 in damages and fees to two B.C. passengers whose travel plans were delayed more than seven hours due to staffing constraints amid the COVID-19 pandemic.
Source: ctv business
B.C. passengers win compensation for cancelled Air Canada flight

Microsoft is challenging Britain’s decision to block its US$69 billion takeover of ‘Call of Duty’ maker Activision Blizzard on the grounds of ‘fundamental errors’ in the assessment of Microsoft’s cloud gaming services.
Source: ctv business
Microsoft sets out grounds for Activision appeal against U.K. regulator

WestJet pilots are poised to get a 24 per cent pay bump over four years under an agreement-in-principle between the company and the union.
Source: ctv business
WestJet pilots deal grants 24% pay raise over four years

About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase.
Source: ctv business
First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan

Canada’s competition watchdog is putting its weight behind some longtime cannabis industry asks including easing restrictions on cannabis packaging and adjusting limits on how much of pot’s psychoactive component can be in edible products.
Source: ctv business
Competition Bureau recommends changing THC limits for edibles, easing pot packaging

A Canadian digital currency, effectively a virtual version of cash, could bring a number of benefits for the country, as well as potential issues that governments and citizens need to watch for, one expert says.
Source: ctv business
What a Canadian digital currency could look like: Expert on arguments for and against it

JPMorgan Chase & Co on Thursday unveiled new accusations that the U.S. Virgin Islands was complicit in Jeffrey Epstein’s sex crimes, including that a former first lady for the territory sought student visas for some of the disgraced financier’s victims.
Source: ctv business
JPMorgan says former U.S. Virgin Islands first lady sought visas for Jeffrey Epstein victims

House negotiators are making progress toward an agreement with the White House to raise the nation’s debt ceiling, racing to close out a deal ahead of a looming deadline to avert a potentially catastrophic government default, Republican Speaker Kevin McCarthy said Friday.
Source: ctv business
U.S. debt ceiling talks making progress, McCarthy says, as deadline nears

Stocks rose in morning trading on Wall Street Friday, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence.
Source: ctv business
Stock market today: Tech leads more gains in early trading on Wall Street

British Airways cancelled dozens of flights on Friday due to computer problems, disrupting the plans of thousands of travellers at the start of a busy holiday weekend.
Source: ctv business
British Airways cancels dozens of flights over computer problems ahead of busy holiday weekend